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fourth quarter

HTC promises change after admitting its bulky LTE phones have been weak so far

February 6th, 2012

HTC on Monday reported that the company’s fourth quarter earnings missed analysts’ estimates. While speaking on the vendor’s earnings call, HTC’s chief financial officer said that the manufacturer “dropped the ball” with its 2011 devices, SlashGear reports. Winston Yung admitted that the company’s LTE handsets were too thick, offered insufficient battery life and that there was plenty of …

IDC: Apple passes LG to become world’s third largest phone vendor

February 2nd, 2012

Thanks to a strong fourth quarter, Apple has passed LG to become the world’s third largest cell phone vendor by volume, according to new estimates from market research firm IDC. The worldwide mobile phone market grew 6.1%  year-over-year in the fourth quarter as the feature phone market continued to decline to its lowest growth rate …

AT&T reports best-ever quarter for smartphones; 7.6 millon iPhones activated

January 26th, 2012

AT&T reported its fourth-quarter 2011 results on Thursday and noted that it achieved record mobile broadband and smartphone activations during the quarter. The company reported consolidated revenue of $32.5 billion, up 3.6% or $1.1 billion from the same quarter last year, but it posted a loss of $6.7 billion, or $1.12 per share. EPS swings …

Netflix adds 610,000 DVD subscribers, beats Q4 estimates

January 25th, 2012

Netflix on Wednesday announced its earnings for the fourth quarter of 2011. The company noted $876 million in revenue, up 47% from the same quarter last year, and earnings per share of $0.73. Analysts had pegged the company to report revenue in the ballpark of $857.4 million and EPS of $0.54, Barron’s relayed. Netflix also said …

Yahoo considers layoffs, reportedly freezes hiring

January 19th, 2012

Yahoo has frozen its hiring process and may even consider layoffs according to a new report. The news was revealed by AllThingsD on Thursday, which wrote that the choices were made ahead of expected weak fourth quarter earnings. Yahoo isn’t considering mass layoffs, however; instead, AllThingsD said they are likely to be “small and selective” …

MetroPCS adds 197,000 subscribers in Q4 but misses expectations

January 5th, 2012

MetroPCS on Thursday announced its fourth quarter 2011 subscriber results. The carrier added 197,000 net subscribers, which missed analyst expectations that the carrier would add between 214,000 and 250,000 net customer additions, Reuters said. The company stated that it ended the year with more than 9.3 million total subscribers and said it added about 1.2 million …

HTC hopes to reverse Q4 sales slump with more competitive smartphones

November 28th, 2011

HTC said it will launch a number of new and competitive smartphone models, including a fresh batch of LTE devices in the United States, to help it end its fourth quarter slump. The company recently revised its outlook for the fourth quarter and said revenue would be flat, a move that came as a surprise …