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Nokia reports Q1 earnings; smartphone share dips, profit dips more

April 21st, 2011

Nokia on Thursday reported earnings for the first quarter of 2011, which saw the Finnish giant’s smartphone market share dip below 30% for the first time in over a decade. Nokia shipped 24.2 million smartphones in the quarter, which is up a respectable 13% over the same quarter last year. But the market outgrew Nokia …

Qualcomm announces Q2 earnings; record revenues of $3.9B

April 21st, 2011

Qualcomm on Wednesday reported its earnings for the fiscal second quarter or 2011. Strong demand for smartphones and other connected devices that utilize the company’s chips drove record revenues of $3.88 billion, up 46% over the second quarter in fiscal 2010. Operating income and net profits were up year-over-year as well; operating income was up …

Apple reports Q2 earnings; iPhone beats the Street, iPad misses big, profit up 95%

April 20th, 2011

Apple on Wednesday reported earnings for the second quarter of fiscal 2011. Reports from Tuesday suggesting Apple might miss iPad sales estimates were accurate as Apple reported second-quarter sales of only 4.69 units compared to 7.33 million iPads last quarter. Analyst estimates fell between 6 and 8 million iPads for the March quarter. Apple’s iPhone …

Sony Ericsson reports Q1 2011 results; profit cut in half on slow sales

April 19th, 2011

Sony Ericsson on Tuesday reported its earnings for the first quarter of 2011, during which profit fell sharply on slowed device shipments. While smartphones made up twice the number of total device sales compared to the same quarter in 2010, Sony Ericsson still only managed to ship 8.1 million devices — compared to 10.5 million …

JP Morgan raises Q2 estimates ahead of Apple earnings next week

April 15th, 2011

Following RBC Capital Markets General Manager Mike Abramsky’s lead, JP Morgan analyst Mark Moskowitz on Friday raised his revenue and EPS estimates for Apple’s 2011 fiscal second quarter. RBC upped its second-quarter revenue estimate from $23 billion to $24 billion on Tuesday, citing pent up iPad demand and strong sales of the Verizon iPhone 4 and …

Google posts 27% increase in revenues; Q1 earnings slightly miss mark

April 14th, 2011

Internet juggernaut Google has released its financial results from the first-quarter of 2011, and things are looking pretty good. The company posted revenues of $8.58 billion during the quarter — which represents a 27% increase year-over-year — with $5.88 billion of that figure being generated by Google-owned websites. The company failed to meet Wall Street’s …

RBC: 'iPads outselling hotcakes,' iPhone 5 due in September

April 12th, 2011

RBC Capital Markets Managing Director Mike Abramsky on Tuesday reiterated the firm’s position that sales of popular Apple products like the iPad 2 likely helped Apple record an impressive fiscal second quarter. In a note to investors, Abramsky wrote that tremendous demand for Apple’s iPad 2 tablet along with solid sales of the iPhone 4 …

HTC Q1 profit triples on demand for Android phones

April 8th, 2011

HTC on Friday reported first-quarter 2011 earnings highlighted by profit that handily beat analysts’ estimates. Tremendous demand for the company’s popular Android smartphones such as the EVO 4G and ThunderBolt helped HTC record a first-quarter profit of NT$14.83 billion ($511 million) compared to analyst expectations of NT$12.99 billion. HTC said its first-quarter revenue grew 174% …

HTC market cap to hit all-time high, surpassing $35B this year

April 7th, 2011

HTC’s market capitalization is expected to soon surpass NT$1 trillion according to a report on Wednesday from Taiwan Economic News. The company’s market cap recently passed the NT$900 million mark, and analysts believe it will grow beyond NT$1 trillion — just below $35 billion USD — this year. As HTC pushes out popular devices like …