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Q2

Samsung profits slide 26% amid poor display sales

July 7th, 2011

Samsung’s profits fell 26% during the second quarter due to poor sales in its LCD display division, according to a report the company released today. The firm’s operating profits were $3.5 billion for the quarter, down from $4.7 billion from the same period last year. According to a survey from Bloomberg that included six analysts, …

Verizon iPhone sales are already slowing down, analyst says

June 30th, 2011

According to a Goldman Sachs analyst, Verizon Wireless is expected to announce that second-quarter sales of the iPhone 4 dropped from the first quarter of this year. “iPhone sales will likely be a touch below the 2.2 million” units that the carrier moved during the first quarter, Goldman Sachs analyst Jason Armstrong told Bloomberg. Verizon …

LG CEO predicts difficult handset turnaround in Q2

June 4th, 2011

Speaking to reporters on Thursday, LG CEO Koo Bon-Joon said it would be difficult to turn around the company’s current struggle in the handset business during the second quarter. LG reported poor handset sales during the first quarter of the year — phone sales were down 9.2% year-over-year and 14.3% quarter-over-quarter, and shipments were down …

Nokia stock plummets as company lowers second-quarter, full-year guidance

May 31st, 2011

Shares of Nokia stock plummeted by as much as 12% on Tuesday as the Finnish cell phone maker lowered its second-quarter and full-year guidance for the 2011 calendar year. Nokia said competitive dynamics and market trends across multiple price categories will cause net sales of its devices and services to fall “substantially below” its previous …

HP reports Q2 earnings: revenue up over last year, weak Q3 guidance

May 17th, 2011

HP reported its second quarter results for 2011 early on Tuesday. Net revenue of $31.6 billion was up 3% from the $30.8 billion in net revenue HP reported during the second quarter last year. The firm reported income of $2.3 billion, up 5% from the same period last year. HP said its results were driven …

Asustek issues Q2 guidance; 11% increase in shipments, 5% increase in revenue

May 6th, 2011

While Acer scrambles to reverse the current negative trend that saw its PC shipments fall last quarter as revenue dove 56%, Taiwan-based competitor Asustek just issued second-quarter guidance that predicts growth in shipments over the first quarter of 2011. While analysts go back and forth over what the emerging tablet market’s impact on netbooks and …

Lower Q1 iPad sales prompt analysts to slash 2011 tablet forecast for Apple

April 25th, 2011

Wall Street analysts are beginning to reevaluate their yearly iPad forecasts for Apple, Inc. Previous prognostications from the financial sector had the Cupertino-based company selling somewhere between 40 million and 50 million iPads during 2011. After Apple’s Q1 earnings call last week — where the company sold far fewer iPads than expected — the aforementioned analysts have started to reevaluate …

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 …

Motorola delays DROID BIONIC until summer, makes changes

April 19th, 2011

Well, we suppose there’s a good and a bad here. The Motorola DROID BIONIC was lightly rumored to have been cancelled due to repeated internal delays — said to be related to heavy battery life issues among other things — but that isn’t exactly true. Originally slated to be released in the second quarter, Motorola …