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Q2

Verizon Q2 earnings top estimates; CEO will step down

July 22nd, 2011

Verizon Communications on Friday reported second-quarter earnings that topped the Street’s estimates, though it failed to match AT&T’s impressive wireless growth during the quarter. Revenue climbed to $27.5 billion in the June quarter, up 2.8% from the same quarter last year. EPS was up 6 cents sequentially to $0.57, a huge swing from the second …

Apple passes Nokia to become world’s top smartphone vendor

July 21st, 2011

Continued strong sales of Apple’s blockbuster smartphone have propelled the Cupertino-based company into the No. 1 spot globally. As noted by the Financial Times, Apple shipped 20.34 million iPhone handsets last quarter, up from 18.7 million units in the first quarter of 2011. Meanwhile Nokia’s smartphone shipments dropped from 24.2 million units in the first …

Android tablets now 30% of the market, Windows tablets outsold PlayBook in Q2

July 21st, 2011

Microsoft has yet to launch its tablet-optimized operating system and yet slates running various versions of the Windows operating system still managed to outsell Research In Motion’s BlackBerry PlayBook last quarter. According to market research firm Strategy Analytics’ latest report, Windows-powered media tablets owned 4.6% of the global market in the second quarter of 2011. …

AT&T revenue up 2.2% in Q2; 3.6 million iPhones activated

July 21st, 2011

AT&T reported its second quarter results on Thursday. The company’s consolidated revenues were $31.5 billion, up 2.2% ($680 million) from the same quarter last year. AT&T’s wireless, wireline data and managed services were responsible for 76% of those revenues, and that figure is growing at a rate of 8.3% year-over-year. AT&T Mobility added a total …

Nokia profit dives 44% in ‘clearly disappointing’ Q2

July 21st, 2011

Nokia CEO Stephen Elop on Thursday best summarized Nokia’s second quarter earnings: “our Q2 results were clearly disappointing.” The Finnish phone vendor saw operating profit slide a worrisome 44% to €391 million in the second quarter, down from 704 million in the first quarter and €660 in the second quarter last year. Revenue dipped 11% sequentially to …

Google: Android activations up to 550,000 per day

July 15th, 2011

Google’s Android activations aren’t slowing down anytime soon. The search giant announced in its second-quarter earnings report yesterday that there are now 550,000 Android smartphones activated each day. That’s a massive figure, and it’s up from June when Google’s Andy Rubin revealed that his company was activating a half a million devices daily. Rubin also noted …

Sony Ericsson posts Q2 loss, blames Japan earthquakes

July 15th, 2011

Sony Ericsson on Friday posted a net loss of €50 million in the second quarter of 2011, blaming supply constraints resulting from devastating earthquakes that shook Japan earlier this year for the difficult quarter. The steep loss was not expected by the Street, and it is down from a profit of €12 million in the …

Google reports Q2 earnings; stock soars as revenue, EPS crushes the Street

July 14th, 2011

Shares of Google stock jumped more than 10% in after-hours trading following the Internet giant’s second-quarter earnings report. “We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue,” said Google CEO Larry Page in a statement. “I’m super excited about the amazing response to …

Analysts predict quarterly gains for Apple, Samsung, and HTC

July 13th, 2011

Apple, Samsung, and HTC will each post gains in their respective earnings reports according to 46 analysts polled by Reuters. “We expect second quarter earnings to reveal a widening gulf between the winners and losers and further illustrate the ‘changing of the guard’ as Apple, HTC and Samsung continue to increase market share,” CCS Insight …