Engadget http://www.engadget.com Engadget http://www.blogsmithmedia.com/www.engadget.com/media/feedlogo.gif Engadget http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent]]>http://www.engadget.com/2012/05/08/directv-q1-2012-results/http://www.engadget.com/2012/05/08/directv-q1-2012-results/http://www.engadget.com/2012/05/08/directv-q1-2012-results/#comments DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

Unlike with Comcast, Wall Street experts weren't surprised by DirecTV's latest Q1 results -- in fact, they were quite disappointed. The satellite provider only managed to add 81,000 subscribers in the US of A during the quarter, which is more than a 50 percent decrease compared to last year's Q1 (184,000). Meanwhile, DirecTV did see a 12 percent increase in revenue, pushing the total to about $7.05 billion. That last bit thanks in large part to landing over 590,000 new customers in Latin America, though that didn't keep its current share price from dropping about 2.7 percent to $46.60. Nonetheless, DirecTV CEO, Mike White, says his company "delivered another strong quarter [..] highlighted by double-digit revenue, EPS and cash flow growth." Us? Well, we're wondering why those "roadside ditch" commercials aren't luring more Stateside folks away from cable...

Continue reading DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent originally appeared on Engadget on Tue, 08 May 2012 17:18:00 EST. Please see our terms for use of feeds.

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Lenovo turned in another stellar earnings report yesterday, following up on a huge Q2 with an encouraging Q3. For the fiscal quarter ended December 31st, the PC maker saw its net profits reach $153 million, marking a 54 percent increase over last year's $99.7 million. Revenue also rose 44 percent last quarter to a record $8.4 billion, thanks in large part to a surge in PC sales. In mature markets, Lenovo saw revenues increase by a whopping 81 percent to $3.6 billion, while emerging market sales reached $1.3 billion, marking a 13 percent rise over the previous year and accounting for about 15 percent of the company's global revenue. The manufacturer saw particularly strong growth in China, where it now enjoys a market share of 35.3 percent, its highest ever. Lenovo attributed much of this to strong smartphone and tablet sales in China, while confirming plans to release a Smart TV within the country, as well (according to CEO Yang Yuanqing, it should hit the market in April). Laptops, however, remain the company's bread and butter, comprising 53 percent of its total revenue last quarter, with sales reaching $4.5 billion -- 30 percent higher than last year. For more numbers, check out the full press release, after the break.

Continue reading Lenovo releases Q3 earnings report, shipments rise, profits soar

Lenovo releases Q3 earnings report, shipments rise, profits soar originally appeared on Engadget on Thu, 09 Feb 2012 04:18:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>businesschinaearnings reportEarningsReportemerging marketEmergingMarketfinancialfinancialsfy 2011Fy2011industrylaptoplenovolenovo earningslenovo q3 2011LenovoEarningsLenovoQ32011moneyprofitq3 2011Q32011revenuesalesshipmentsmart TVsmartphoneSmartTvtabletThu, 09 Feb 2012 04:18:00 EST<![CDATA[Canon announces middling Q4 2011 earnings report, president steps down]]>http://www.engadget.com/2012/01/30/canon-announces-middling-q4-2011-earnings-report-president-step/http://www.engadget.com/2012/01/30/canon-announces-middling-q4-2011-earnings-report-president-step/http://www.engadget.com/2012/01/30/canon-announces-middling-q4-2011-earnings-report-president-step/#comments
In the wake of a relatively strong Q3, Canon today unveiled a slightly less rosy earnings report for the fourth quarter of 2011. Net sales for the quarter reached ¥964.8 billion (about $12.6 billion), up from the ¥916 billion the company reported last quarter, but down about 9.7 percent from Q4 2010. Quarterly operating profit, meanwhile, rose 14.2 percent on the year, to ¥94.6 billion ($1.2 billion). Profit for the full fiscal year, however, declined by 2.4 percent to ¥378.1 billion (approximately $4.9 billion), compared with the ¥387.6 billion ($5.1 billion) Canon raked in for all of 2010. Net income, on the other hand, rose by nearly 14 percent over Q4 2010 (¥61.4 billion from ¥54 billion), but only 0.8 percent over the full fiscal year (¥248.6 billion in FY 2011, ¥246.6 billion in FY 2010).

Looking forward to 2012, the cameramaker expects net income to increase to ¥250 billion, which would mark the second straight year of less than one percent growth. This forecast is lower than what many analysts expected, though Canon based its projections on assumptions that the yen will continue to rise against both the dollar and the euro, making Japanese exports more expensive in Western markets. It was against this backdrop of disappointment that company president and COO Tsuneji Uchida announced his resignation today, effective March 29th. The 70-year-old Uchida will be replaced by 76-year-old chairman Fujio Mitarai, with Uchida slipping into an advisory role. Coming off a year that saw a devastating tsunami in Japan and supply chain disruptions in flood-ravaged Thailand, Canon underscored its cautious outlook for 2012, in a statement: "The future remains increasingly uncertain amid growing concern over a global economic slowdown." Find Canon's full report at the source link, below.

Canon announces middling Q4 2011 earnings report, president steps down originally appeared on Engadget on Mon, 30 Jan 2012 05:02:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>businesscameracanonearningsearnings reportEarningsReportfinancialfinancialsFujio MitaraiFujioMitaraify 2011Fy2011industryjapanmoneyprofitq4q4 2011Q42011resignationrevenuesalesshipmentTsuneji UchidaTsunejiUchidaMon, 30 Jan 2012 05:02:00 EST<![CDATA[Nintendo officially announces Nintendo Network, promises personal accounts for Wii U]]>http://www.engadget.com/2012/01/26/nintendo-officially-announces-nintendo-network-promises-persona/http://www.engadget.com/2012/01/26/nintendo-officially-announces-nintendo-network-promises-persona/http://www.engadget.com/2012/01/26/nintendo-officially-announces-nintendo-network-promises-persona/#comments Nintendo officially announces Nintendo Network, promises personal accounts for Wii UNintendo's third quarter financial briefing just spilled the beans on the recently spied Nintendo Network, causing Nintendo fans everywhere to collectively sigh, "It's about time." Company head honcho Satoru Iwata says the network will offer "competitions and communication among users, as well as the sales of digital content," and in the case of the Wii U, will introduce personal user accounts. Iwata stopped just short of confirming that the Nintendo Network will end the company's policy of tying downloaded titles to Nintendo hardware, rather than individual users, but mentioned that it packed an infrastructure that supports not only add-on content, but fully downloadable retail games as well.

"This concept was built into the design of the Nintendo 3DS, and we already have the necessary infrastructure," Iwata said, "We will prepare the same infrastructure for the Wii U. However, we have not decided the concrete timing of when we will start it." Iwata pointed to Mario Kart 7's community building features and DLC offerings in the upcoming Theatrythm Final Fantasy as an early look at how the Nintendo Network is trying differentiate itself from the outfit's existing Nintendo Wi-Fi connection services. Hit the source link to read Iwata's briefing for yourself.

Nintendo officially announces Nintendo Network, promises personal accounts for Wii U originally appeared on Engadget on Thu, 26 Jan 2012 23:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3dsdlcdownloadable contentDownloadableContentearnings callearnings reportEarningsCallEarningsReportnintendonintendo 3dsnintendo accountsnintendo networknintendo wii uNintendo3dsNintendoAccountsNintendoNetworkNintendoWiiUsatoru iwataSatoruIwatauser accountsUserAccountsuserswii uWiiUThu, 26 Jan 2012 23:31:00 EST<![CDATA[Microsoft paid Nokia $250 million to adopt Windows Phone, Q4 earnings report reveals]]>http://www.engadget.com/2012/01/26/microsoft-paid-nokia-250-million-to-adopt-windows-phone-q4-ear/http://www.engadget.com/2012/01/26/microsoft-paid-nokia-250-million-to-adopt-windows-phone-q4-ear/http://www.engadget.com/2012/01/26/microsoft-paid-nokia-250-million-to-adopt-windows-phone-q4-ear/#comments
Microsoft and Nokia have historically been pretty tight-lipped about the value of their Windows Phone partnership, but the cat leapt out of the bag this morning, courtesy of Espoo's Q4 2011 earnings report. As SlashGear's Chris Davies noticed, Nokia received about $250 million from Redmond during the fourth quarter of 2011, as part of the companies' "broad strategic agreement." Under the agreement, the manufacturer receives so-called "platform support payments" from Microsoft -- which, in turn, receives software licensing payments from Nokia. The $250 million Microsoft doled out last quarter is the first of these transactions. All told, Nokia expects the payments both to and from Microsoft to total "in the billions of US Dollars."

Microsoft paid Nokia $250 million to adopt Windows Phone, Q4 earnings report reveals originally appeared on Engadget on Thu, 26 Jan 2012 07:18:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>businessdealearningsearnings reportEarningsReportespoofinancialfinancialsindustrymicrosoftmobilepostcrossmoneynokiapaymentq4q4 2011Q42011windows phoneWindowsPhoneThu, 26 Jan 2012 07:18:00 EST<![CDATA[Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million]]>http://www.engadget.com/2012/01/26/nokia-releases-q4-2011-earnings-report-operating-profits-drop/http://www.engadget.com/2012/01/26/nokia-releases-q4-2011-earnings-report-operating-profits-drop/http://www.engadget.com/2012/01/26/nokia-releases-q4-2011-earnings-report-operating-profits-drop/#comments
Nokia released its latest quarterly earnings report today, following up on a somewhat disappointing Q3 with a similarly bleak Q4. The Finnish manufacturer finished 2011 with a little more than €10 billion ($13.1 billion) in net sales -- 11 percent higher than Q3, but 21 percent lower than 2010, when Nokia raked in about €12.7 billion (approximately $16.7 billion). Operating profit, meanwhile, rose by 90 percent over Q3, but is still down on the year by a whopping 56 percent; this quarter, in fact, saw an operating loss of €954 million (about $1.3 billion). Its net cash and liquid assets also dropped by €1.4 billion over the year, marking a 20 percent decline. The general takeaway, then, is that things are looking better than they were last quarter, but worse than they were last year.

To date, the company has sold "well over" one million Lumia devices, but this Windows Phone surge has apparently come at Symbian's expense. "In certain markets, there has been an acceleration of the anticipated trend towards lower-priced smartphones with specifications that are different from Symbian's traditional strengths," CEO Stephen Elop said in a statement. "As a result of the changing market conditions, combined with our increased focus on Lumia, we now believe that we will sell fewer Symbian devices than we previously anticipated." Looking forward, Nokia expects to break even during the first quarter of 2012, due in part to lower than expected seasonal sales and what it calls "competitive industry dynamics." For the full report, check out the source link below.

Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million originally appeared on Engadget on Thu, 26 Jan 2012 06:24:00 EST. Please see our terms for use of feeds.

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Nintendo released its latest quarterly earnings report this morning and, as with last quarter's report, there's not a whole lot to celebrate. The company posted profits of ¥40.9 billion (about $631.6 million) for the October - December period, representing a 61 percent quarterly drop. That's especially disappointing, considering that this period has traditionally been strong for Nintendo, which had previously forecast an operating profit of ¥1 billion (around $12.9 million). Those forecasts have since changed, however, with the manufacturer now predicting a ¥45 billion ($580 million) operating loss for the full year, ending March 31st. Nintendo blames the poor showing to sagging 3DS sales, which have forced it to slash prices. Also on Thursday, President Satoru Iwata told reporters that his company plans to release its new Wii U console across the US, Europe Australia and Japan in time for the 2012 year-end holiday season. Read the report in full, at the source link below.

Nintendo releases quarterly earnings report: 61 percent drop in profit, grim forecast originally appeared on Engadget on Thu, 26 Jan 2012 02:53:00 EST. Please see our terms for use of feeds.

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Continue reading Clearwire Q4: revenues up, costs down, LTE expensive

Clearwire Q4: revenues up, costs down, LTE expensive originally appeared on Engadget on Tue, 24 Jan 2012 19:53:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BusinessClearwireEarningsEarnings ReportEarningsReportfinancialsLTEmobilepostcrossQ4SprintWiMaxTue, 24 Jan 2012 19:53:00 EST<![CDATA[Texas Instruments 2011 Q4 earnings: $3.42 billion in revenue, $298 million in profit]]>http://www.engadget.com/2012/01/23/texas-instruments-2011-q4-earnings-3-42-billion-in-revenue-2/http://www.engadget.com/2012/01/23/texas-instruments-2011-q4-earnings-3-42-billion-in-revenue-2/http://www.engadget.com/2012/01/23/texas-instruments-2011-q4-earnings-3-42-billion-in-revenue-2/#commentsIt's that special time of year after CES, when many tech companies regale us with their latest earnings reports. Texas Instruments is the most recent firm to divulge its financials, and while the company isn't breaking any records, it did beat Wall Street's expectations. TI pulled in $3.42 billion in revenue, a three percent dip from the previous year, and profit dropped to $298 million from the $942 million it made in Q4 2010. While the company's spinning the numbers as a positive, stating that orders for its chips are up and its revenue beat estimates, the fact that TI's closing two manufacturing plants over the next year and a half doesn't paint such a rosy picture. Of course, if the future with OMAP 5 is as good as we think it is, Texas Instruments should be just fine.

Texas Instruments 2011 Q4 earnings: $3.42 billion in revenue, $298 million in profit originally appeared on Engadget on Mon, 23 Jan 2012 18:38:00 EST. Please see our terms for use of feeds.

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News out of Waterloo isn't all bad today, as Research in Motion has revealed its financial results for the third quarter of 2011. While the company previously had to scale back its earlier earnings projections of $5.6 billion in the quarter, it's apparent the firm came close to meeting that mark. After close of the markets today, RIM reported $5.2 billion in revenue with $265 million in net income and 14.1 million handsets shipped. The company was only able to eke out 150,000 PlayBook tablets during this time frame, however, which no doubt contributed to these reduced numbers. Unfortunately, the market hasn't taken so kindly to the revelation, as RIM's stock has fallen seven-percent in after hours trading. In a small bit of positive news, the firm reports that its subscriber count is up 35-percent year-over-year, which now totals 75 million subscribers.

Looking forward, the company expects to bring in between $4.6 and $4.9 billion in revenue for the next quarter, where it hopes to ship between 11 and 12 million units. Co-CEO Jim Balsillie referred to the last few quarters as among the most trying in the company's history, and promised to re-evaluate RIM's product portfolio, R&D strategy and to "leave no stone unturned" as it seeks to regain prominence in the smartphone world. Meanwhile, co-CEO Mike Lazaridis reaffirmed the commitment to the PlayBook OS 2.0, which remains on track for a February launch. As for the QNX-based BlackBerry 10 smartphones that we've been looking forward to, Lazaridis said to not expect anything until late 2012. Apparently, its availability will be hampered by a critical chipset supply that's not expected to become available until mid-next year. In other words, unless consumers develop a love for BlackBerry 7 OS real quick, 2012 may sadly be another ugly year for the folks in Waterloo.

RIM reports Q3 2011 earnings: $5.2b revenue, $265m net income and 14.1 million handsets shipped originally appeared on Engadget on Thu, 15 Dec 2011 16:47:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2011blackberryblackberry 10Blackberry10earningsearnings reportEarningsReportJim BalsillieJimBalsillieMike LazaridisMikeLazaridismobilepostcrossplaybookplaybook 2.0Playbook2.0q3q3 2011q32011qnxquarterlyquarterly earningsQuarterlyEarningsresearch in motionResearchInMotionrimsmartphonesmartphonestabletThu, 15 Dec 2011 16:47:00 EST<![CDATA[Dish Network's Q3 profits rise 30 percent, but subscriber base diminishes]]>http://www.engadget.com/2011/11/08/dish-networks-q3-profits-rise-30-percent-but-subscriber-base-d/http://www.engadget.com/2011/11/08/dish-networks-q3-profits-rise-30-percent-but-subscriber-base-d/http://www.engadget.com/2011/11/08/dish-networks-q3-profits-rise-30-percent-but-subscriber-base-d/#commentsThe third fiscal quarter of this year saw the best of times and the worst of times for Dish Network. On the positive side of the ledger, the company saw net revenues grow by 12.3 percent since Q3 2010, reaching $3.6 billion. Profits, meanwhile, jumped by 30.3 percent over the year to $319 million, compared with the $245 million it raked in during the third quarter of 2010. Dish said the jump in revenues could be partially attributed to its acquisition of Blockbuster and the subsequent launch of Blockbuster Movie Pass, which the company hopes to expand and build upon going forward. The report wasn't entirely rosy, however, as Dish Network saw a net loss of about 111,000 subscribers during the quarter (about 20,000 more than analysts had predicted), bringing its total to approximately 14 million customers. By contrast, during the third quarter of last year, the company added about 327,000 users. But this decline didn't stop Dish from doling out a rare $2.00 per share dividend to investors, which may make its less savory results a bit easier on the stomach. Check out the full report, after the break.

Continue reading Dish Network's Q3 profits rise 30 percent, but subscriber base diminishes

Dish Network's Q3 profits rise 30 percent, but subscriber base diminishes originally appeared on Engadget on Tue, 08 Nov 2011 05:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>blockbusterblockbuster movie passBlockbusterMoviePassbusinessdish networkDishNetworkearningsearnings reportEarningsReportfinancial reportFinancialReportfinancialsmoneyprofitq3 2011q3 earningsQ32011Q3EarningsrevenuesubscriberTue, 08 Nov 2011 05:05:00 EST<![CDATA[Lenovo posts Q2 earnings, sees increase in profits, shipments and market share]]>http://www.engadget.com/2011/11/02/lenovo-posts-q2-earnings-sees-increase-in-profits-shipments-an/http://www.engadget.com/2011/11/02/lenovo-posts-q2-earnings-sees-increase-in-profits-shipments-an/http://www.engadget.com/2011/11/02/lenovo-posts-q2-earnings-sees-increase-in-profits-shipments-an/#comments The quarterly earnings stats just keep rolling in today -- this time, from Lenovo, which has just posted yet another stellar report. According to the company, profits for the second quarter of this year reached $145 million, marking an 89 percent increase over the same period last year. Consolidated sales, meanwhile, rose by 35.8 percent to a record $7.8 billion, giving Lenovo a worldwide quarterly market share of 13.5 percent, also its highest ever. Laptops, not surprisingly, were at the forefront of this surge, accounting for 57.5 percent of the company's total revenue, with PC shipments rising 35.4 percent over the year. Lenovo also saw a 25.4 percent increase in shipments to China, as well as a 54.5 percent year-over-year increase in shipments to mature markets, including Western Europe and the US. For more statistical delights, check out the full PR, after the break.

Continue reading Lenovo posts Q2 earnings, sees increase in profits, shipments and market share

Lenovo posts Q2 earnings, sees increase in profits, shipments and market share originally appeared on Engadget on Wed, 02 Nov 2011 04:56:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>businessearningsearnings reportEarningsReportfinancialsincomelenovomanufacturingmoneyprofitq2reportrevenuesalesshipmentWed, 02 Nov 2011 04:56:00 EST<![CDATA[Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers]]>http://www.engadget.com/2011/10/31/cablevision-reports-q3-earnings-sees-profit-fall-by-65-percent/http://www.engadget.com/2011/10/31/cablevision-reports-q3-earnings-sees-profit-fall-by-65-percent/http://www.engadget.com/2011/10/31/cablevision-reports-q3-earnings-sees-profit-fall-by-65-percent/#commentsIt's safe to say that Q3 2011 probably won't be remembered as Cablevision's finest. According to the provider's latest earnings report, profits declined by a full 65 percent over the year, with net income plunging to $39.3 million this quarter, compared with the $112.1 million it raked in during the third quarter of 2010. The company also reported a loss of 19,000 video subscribers during Q3, though it added 17,000 broadband customers and 38,000 telephone subscribers. Total customers, however, declined by 15,000 over the past three months. Revenue, meanwhile, increased by eight percent to $1.7 billion, though the New York-area operator lost about $16 million to Hurricane Irene -- not to mention all those legal fees. Smell that? That's a big platter of PR, sitting right there after the break.

Continue reading Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers

Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers originally appeared on Engadget on Mon, 31 Oct 2011 07:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2011broadbandbusinesscableCablevisioncablevision earningsCablevisionEarningscostcustomersearningsearnings reportEarningsReportfinancialFinancial ReportFinancialReportfinancialshdpostminihurricane ireneHurricaneIreneindustrymoneynew yorkNewYorkprofitq3q3 2011q3 earningsQ32011Q3EarningsrevenuevideoMon, 31 Oct 2011 07:01:00 EST<![CDATA[Hon Hai sees profit fall nine percent in Q3, pins hopes on new Chinese factories]]>http://www.engadget.com/2011/10/31/hon-hai-sees-profit-fall-nine-percent-in-q3-pins-hopes-on-new-c/http://www.engadget.com/2011/10/31/hon-hai-sees-profit-fall-nine-percent-in-q3-pins-hopes-on-new-c/http://www.engadget.com/2011/10/31/hon-hai-sees-profit-fall-nine-percent-in-q3-pins-hopes-on-new-c/#comments
Hon Hai Precision Holdings has just released its Q3 earnings report, and it probably did so with a whimper. That's because net profits fell to NT$19.2 billion (about $614 million) this quarter, marking an 8.6 percent decline from Q3 2010, when Hon Hai (aka Foxconn) reported a net income of NT$21 billion (around $702 million). The company blamed the decline on a slow economic recovery and its ongoing expansion in China, where new factories are being constructed across inland areas like Chengdu, Wuhan and Zhengzhou. These costs are still taking a toll on Hon Hai's bottom line, though analysts say the expansion could pay off in the long-run, thanks to the lower wages that Hon Hai will have to pay to maintain operations in these less affluent regions. Some are also hopeful that the iPhone 4S will help spur production heading into Q4 of this year, though its ultimate effect, of course, remains to be seen. Hit up the links below for more details and analysis.

Hon Hai sees profit fall nine percent in Q3, pins hopes on new Chinese factories originally appeared on Engadget on Mon, 31 Oct 2011 05:26:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2011applebusinesschinaearningsearnings reportEarningsReportfacilityfactoryfinancialfinancial reportFinancialReportfinancialsfoxconnhon haihon hai precisionHonHaiHonHaiPrecisioniphoneiphone 4sIphone4smanufacturingminipostmoneyplantprofitq3q3 2011q3 earningsQ32011Q3EarningsrevenueshipmentwageMon, 31 Oct 2011 05:26:00 EST<![CDATA[HTC releases Q3 earnings report: profit up 68 percent, shipments soar 93 percent]]>http://www.engadget.com/2011/10/31/htc-releases-q3-earnings-report-profit-up-by-68-percent-shipme/http://www.engadget.com/2011/10/31/htc-releases-q3-earnings-report-profit-up-by-68-percent-shipme/http://www.engadget.com/2011/10/31/htc-releases-q3-earnings-report-profit-up-by-68-percent-shipme/#comments
It's been another stellar quarter for the folks over at HTC. According to the company's Q3 earnings report, released today, net income rose to NT$18.68 billion (about $624.6 million) this quarter -- a 68 percent increase over Q3 2010 and a seven percent bump over last quarter, when HTC reported record profits. Revenue, meanwhile, rose by 79 percent on the year to NT$135.8 billion (around $4.54 billion), which the manufacturer attributed to "strong brand recognition, leading product portfolio and expanded distribution channels." On a regional level, HTC saw the strongest growth in China, where sales increased by a factor of nine over the past year. This undoubtedly helped the company boost handset shipments, which increased by a whopping 93 percent over the year, to 13.2 million units. For more details and crunchy numbers, hit up the source links, below.

HTC releases Q3 earnings report: profit up 68 percent, shipments soar 93 percent originally appeared on Engadget on Mon, 31 Oct 2011 04:39:00 EST. Please see our terms for use of feeds.

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Just in time for the company to be acquired by Google, Motorola Mobility is beginning to right the ship, as evidenced by today's quarterly earnings report. The company reported total net revenues of $3.3 billion -- precisely the same amount earned last quarter, incidentally, and up 11 percent from this time last year -- and a GAAP net loss of $32 million. While the number may put frowns on a few faces, it's still an improvement from Q2's loss of $56 million, and more than half ($18 million) of the losses were attributed to expenses from the Google acquisition. Mobile device revenues are up 20 percent year-over-year and 11.6 million devices were shipped, including 4.8 million smartphones and 100,000 Xoom tablets.

On the regulatory front, Moto offered a few new details about the progress of the company's acquisition. It announced that it will hold a meeting with stockholders on November 17 to gain approval of the Google merger, and -- pending antitrust clearance by the US Department of Justice, the EU and several other government entities -- expects to close the transaction by the end of this year or early 2012 at the latest. Check out all of the numbers after the break.

Continue reading Motorola Mobility reports $3.3 billion in revenue and $32 million net loss, offers more details on Google buyout

Motorola Mobility reports $3.3 billion in revenue and $32 million net loss, offers more details on Google buyout originally appeared on Engadget on Thu, 27 Oct 2011 16:32:00 EST. Please see our terms for use of feeds.

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Nintendo's latest earnings report may be one of its most forgettable. The company posted a net loss of ¥70.27 billion ($923 million) this morning, in a report covering the first six months of the fiscal year ending on September 30th. That's significantly deeper than the ¥2.01 billion loss Nintendo posted during the same period last year, though Nintendo attributed the result, in part, to a strengthened yen and sagging demand for its 3DS console. Revenue, meanwhile, fell by 40.6 percent on the year, to ¥215.74 billion ($2.84 billion), as the manufacturer reported an operating loss of ¥57.34 billion. Things are looking so bleak, in fact, that Nintendo has decided to slash its financial projections yet again, predicting a net loss of ¥20 billion for the full year (ending in March 2012), compared with the ¥20 billion in profits it projected only in July. And, as Bloomberg notes, if these prognostications hold true, it would mark Nintendo's first annual loss in a full 30 years. Ouch. Check out the full report for yourself at the source link, below.

Nintendo posts first half loss in earnings report, slashes forecast yet again originally appeared on Engadget on Thu, 27 Oct 2011 04:28:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>20113dsearningsearnings reportEarningsReportfinancialfinancial reportfinancial resultsFinancialReportFinancialResultsfinancialsforecastgamejapanlossnintendonintendo 3dsNintendo3dsprofitprojectionq3q3 2011Q32011revenueyenThu, 27 Oct 2011 04:28:00 EST<![CDATA[Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income]]>http://www.engadget.com/2011/10/18/intel-earnings-beat-company-records-14-3-billion-revenue-3-7/http://www.engadget.com/2011/10/18/intel-earnings-beat-company-records-14-3-billion-revenue-3-7/http://www.engadget.com/2011/10/18/intel-earnings-beat-company-records-14-3-billion-revenue-3-7/#comments Apple may not have fared as well as expected in its own Q4, but just up the road in Silicon Valley Intel managed to exceed analyst predictions, posting record revenue of $14.3 billion -- up $3.2 billion, or 29 percent year-over-year. The company also set new records for microprocessor units shipped, and expects further growth over the next quarter, with notebook computer sales driving $14.7 billion in predicted Q4 revenue. Jump past the break for an in-depth look at the company's Q3, along with its outlook for the next quarter.

Continue reading Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income

Intel earnings beat company records: $14.3 billion revenue, $3.7 billion net income originally appeared on Engadget on Tue, 18 Oct 2011 17:13:00 EST. Please see our terms for use of feeds.

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It's been a rough couple of quarters for Sony Ericsson, but things are looking slightly rosier, according to its Q3 earnings report. Today, the company announced break even year-on-year results for the third quarter of 2011, blaming the outcome on lower profit margins and higher taxes, which rose from €12 million to €17 million over the course of a year. According to the report, net profits fell to zero this quarter after reaching €49 million ($67.26 million) during Q3 2010, while sales dropped to €1.59 billion ($2.18 billion) from €1.6 billion ($2.2 billion) last year. It's not exactly an encouraging trend, but it's certainly an improvement over the last quarter, when Sony Ericsson posted a net loss of €50 million. As far as its portfolio goes, the company says its Xperia smartphones now comprise 80 percent of all sales, with some 22 million handsets already shipped to consumers. President and CEO Bert Nordberg, meanwhile, confirmed that his company will focus on this market with even more intensity, next year: "We will continue to invest in the smartphone market, shifting the entire portfolio to smartphones during 2012." You can dig through the numbers for yourself, in the full PR after the break.

Continue reading Sony Ericsson posts lower Q3 profits, will shift 'entire portfolio' to smartphones in 2012

Sony Ericsson posts lower Q3 profits, will shift 'entire portfolio' to smartphones in 2012 originally appeared on Engadget on Fri, 14 Oct 2011 05:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>androidbert nordbergBertNordbergbreak evenBreakEvenbusinessearningsearnings reportEarningsReportfinanceindustrymarketmobilepostcrossmoneyprofitprofitsq3 2011q3 earnings reportQ32011Q3EarningsReportsalessmartphonesony ericssonsony ericsson earningssony ericsson xperiaSonyEricssonSonyEricssonEarningsSonyEricssonXperiastrategythird quarterThirdQuarterxperiaFri, 14 Oct 2011 05:15:00 EST<![CDATA[RIM's Q2 earnings report: $329 million in net income, not enough to fend off critics]]>http://www.engadget.com/2011/09/15/rims-q2-earnings-report-329-million-in-net-income-not-enough/http://www.engadget.com/2011/09/15/rims-q2-earnings-report-329-million-in-net-income-not-enough/http://www.engadget.com/2011/09/15/rims-q2-earnings-report-329-million-in-net-income-not-enough/#comments The first quarterly earnings report post-Wake Up Call have just been published for Canada's own Research in Motion, and while the cash is still flowing, investors and analysts alike aren't feeling too rosy about the future. Despite Q2 revenue of $4.2 billion and a GAAP net income of $329 million, RIM's stock plummeted nine percent following the news. Why? That reality was at the lowest end of estimates, and as we've seen, it takes a blowout quarter to please the folks on Wall Street. Nevertheless, the company's touting a subscriber base that ballooned 40 percent year-over-year (surpassing 70m total), and while it's quick to trumpet the rollout of seven new smartphones, not a one of them managed to astound the QNX-desiring critics. The report also notes that 10.6 million handsets were moved in the quarter, around $780 million was invested as "part of a consortium of companies that successfully bid to acquire intellectual property assets from Nortel," and it's forecasting that BlackBerry smartphone shipments in Q3 will grow between 27 percent and 37 percent compared to Q2. Sadly, the company only "shipped" 200,000 PlayBook tablets, with the prevailing thought being that it actually sold far fewer. Moreover, nary a forecast was given for future PlayBook sales.

As for thoughts from the head honcho(s)? Jim Balsillie, Co-CEO, stated that "overall unit shipments in the quarter were slightly below our forecast due to lower than expected demand for older models," further noting that his firm will "continue to build on the success of the BlackBerry 7 launch to drive the business as we focus our development efforts on delivering the next generation, QNX-based mobile platform next year." Next year is a long, long way away, though, and there's no doubt whatsoever what kind of competition will be in place by the time 2012 rolls around. We'll be hopping on the analyst call here in a few, and you can look beyond the break for any notable mentions.

Continue reading RIM's Q2 earnings report: $329 million in net income, not enough to fend off critics

RIM's Q2 earnings report: $329 million in net income, not enough to fend off critics originally appeared on Engadget on Thu, 15 Sep 2011 16:39:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2011Android App PlayerAndroidAppPlayerblackberryblackberry osblackberry os 7blackberry video storeBlackberryOsBlackberryOs7BlackberryVideoStoreboldbreaking newsdevconearningsearnings reportEarningsReportJim BalsillieJimBalsilliemobilepostcrossplaybookq2q2 2011Q22011qnxquarterquarterlyquarterly earningsQuarterlyEarningsrimsmartphoneThu, 15 Sep 2011 16:39:00 EST<![CDATA[Dell's Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue]]>http://www.engadget.com/2011/08/16/dells-q2-earnings-fall-short-of-estimates-890-million-net-inc/http://www.engadget.com/2011/08/16/dells-q2-earnings-fall-short-of-estimates-890-million-net-inc/http://www.engadget.com/2011/08/16/dells-q2-earnings-fall-short-of-estimates-890-million-net-inc/#commentsShares of Dell were down nearly eight percent in after-hours trading after the Texas-based PC maker posted lower-than-expected second-quarter results. Still, the company's revenue was up one percent over last year, totaling $15.66 billion, compared to $15.5 billion in Q2 2010. Net income jumped 63 percent, from $545 million to $890 million, over the year-ago quarter. Corporate and government orders were responsible for the jump in income, according to an AP report, but new sales predictions hint that orders may not be coming in as often as anticipated. Dell expects modest growth of one to five percent for the full year -- citing "a more uncertain demand environment" -- compared to previous estimates of five to nine percent growth. Jump past the break for the full rundown from Dell.

Continue reading Dell's Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue

Dell's Q2 earnings fall short of estimates: $890 million net income, $15.66 billion revenue originally appeared on Engadget on Tue, 16 Aug 2011 17:24:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>20112011 earnings2011Earningsdelldell earningsDellEarningsdesktopdesktopsdisplaysearningsearnings reportEarningsReportfinancialfinancialsfiscalfiscalslaptoplaptopsnotebooknotebooksq2q2 2011Q22011quarterly earningsQuarterlyEarningstablettabletsTue, 16 Aug 2011 17:24:00 EST<![CDATA[HP releases 2011 Q2 earnings early, following leak of foreboding internal memo]]>http://www.engadget.com/2011/05/17/hp-releases-2011-q2-earnings-early-following-leak-of-foreboding/http://www.engadget.com/2011/05/17/hp-releases-2011-q2-earnings-early-following-leak-of-foreboding/http://www.engadget.com/2011/05/17/hp-releases-2011-q2-earnings-early-following-leak-of-foreboding/#commentsHP kicked off this morning's Q2 earnings call citing a leaked company memo that recently popped up at Bloomberg. That memo, which had the outfit's CEO, Leo Apotheker warning of "another tough quarter," resulted in a five percent drop in HP shares in after-hours trading Monday, according to the Wall Street Journal, and prompted the release of the outfit's Q2 earning a day ahead of schedule -- an earnings call was originally slated for Wednesday. According to the report, the company managed to pull in $31.6 billion in revenue and $2.3 billion in earnings, compared to $30.8 billion in revenue and $2.2 billion in earnings the same time last year.

So what brought about the pot-stirring internal memo? Well, it seems HP's struggled to keep up with the competition when it comes to consumer computer sales. Despite an increase in revenue in every other segment of the company's business, HP's Personal Systems Group (which covers enterprise and consumer sales) saw revenue decline five percent year-over-year, with the portion covering consumer computers down 23 percent. That might seem like a big dip, and it is, but Apotheker says the company is "excited by the tablet opportunities," continuing on to say that the impending release of the company's TouchPad "will be an exciting product release for HP." For now, we'll just have to sit back and see if the webOS slate has the stuff to pull HP out of the consumer computer lurch. Full PR after the break.

Continue reading HP releases 2011 Q2 earnings early, following leak of foreboding internal memo

HP releases 2011 Q2 earnings early, following leak of foreboding internal memo originally appeared on Engadget on Tue, 17 May 2011 17:18:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer pc salesConsumerPcSalesearningsearnings reportEarningsReporthewlett-packardHewlettPackardHPHP earningsHP earnings reportHP q2 earningsHpEarningsHpEarningsReportHpQ2Earningsinternal memoInternalMemoleakleakedleaked memoLeakedMemoPCPC salesPcSalesQ2Q2 2011Q2 2011 earningsQ22011Q22011EarningstablettabletsTue, 17 May 2011 17:18:00 EST<![CDATA[Qualcomm reports record quarterly revenues, boasts 100th Snapdragon device]]>http://www.engadget.com/2011/04/21/qualcomm-reports-record-quarterly-revenues-boasts-100th-snapdra/http://www.engadget.com/2011/04/21/qualcomm-reports-record-quarterly-revenues-boasts-100th-snapdra/http://www.engadget.com/2011/04/21/qualcomm-reports-record-quarterly-revenues-boasts-100th-snapdra/#comments Qualcomm's back again with yet another set of impressive numbers. For the second quarter of this fiscal year, the chip giant saw record earnings of $3.88 billion, up 46 percent from the same quarter in the previous year, and collected $999 million of sweet profit which is a 29 percent jump from last year. This is no doubt to do with the 70 percent increase in the MSM7000- and MSM8000-series Snapdragon shipments in this half of the fiscal year (compared to 2H 2010), and it should be noted that this quarter also saw the 100th Snapdragon-powered device announced by a Qualcomm client. Additionally, EVP Steve Mollenkopf reassured us that the recent events in Japan won't have any significant impact on upcoming shipments, so the 30 Snapdragon tablets in the pipeline should arrive as scheduled. Excerpts from the financial report can be found after the break.

Continue reading Qualcomm reports record quarterly revenues, boasts 100th Snapdragon device

Qualcomm reports record quarterly revenues, boasts 100th Snapdragon device originally appeared on Engadget on Thu, 21 Apr 2011 04:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2011callcellphonechipsetearningsearnings callearnings reportEarningsCallEarningsReportfinancialfinancialsfiscalmobile phoneMobilePhonephoneq2Q2 2011Q22011Qualcommqualcomm snapdragonQualcommSnapdragonquarterquaterlyquaterly reportQuaterlyReportshipmentshipmentsslatesmartphonesnapdragonSoCsystem-on-chiptabletThu, 21 Apr 2011 04:50:00 EST<![CDATA[Sony posts $887 million net profit, PlayStation has strong holiday quarter]]>http://www.engadget.com/2011/02/03/sony-posts-1-64-billion-profit-playstation-has-strong-holiday/http://www.engadget.com/2011/02/03/sony-posts-1-64-billion-profit-playstation-has-strong-holiday/http://www.engadget.com/2011/02/03/sony-posts-1-64-billion-profit-playstation-has-strong-holiday/#comments Sony had quite a good holiday during its third quarter for fiscal year 2010, posting a ¥137.5 billion (approximately US $1.68b) operating income. Year-over-year, however, it's actually six percent lower than Q3 FY09, with some blame attributable to a five percent stronger yen. Although sales were more or less the same in most divisions (with pictures and music seeing a more noticeable drop), operating income saw dramatic changes. Consumer, Professional and Devices dropped 47 percent to ¥26.8b ($327.3m), while Networked Products and Services (which includes the PlayStation brand) jumped a whopping 134 percent to ¥45.7b ($559.78).

Looking at unit sales, Bravia sets were way up (7.9m units versus 5.4m in Q3 FY09), and video cameras, compact digital cameras, and PCs all saw moderate gains. PSP hardware took a pretty big hit, going from 4.2m last holiday to 3.6m this past quarter (the now-profitable PlayStation 3 saw a slight decline, 6.5m to 6.3m). Software-wise, though, both gaming machines saw a bump -- 57.6m (from 47.6m) for PS3 and 16.4m (from 15m) for PSP. The PlayStation 2, now almost 11 years old, actually had about the same 2.1m hardware unit sales YOY, though software took a pretty hard hit (from 11.2m to 5.3m). Sony's golden years console isn't going down without a fight -- then again, it might've been a different story had the company managed to add backwards compatibility to the PS3.

Sony posts $887 million net profit, PlayStation has strong holiday quarter originally appeared on Engadget on Thu, 03 Feb 2011 12:53:00 EST. Please see our terms for use of feeds.

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Qualcomm EVP Steve Mollenkopf told investors that "we currently have more than 150 Snapdragon devices in development, including more than 20 tablets," and that the dual-core 1.2GHz MSM8660 in particular was picking up steam, with over 60 devices slated to use the dual-mode chipset with HSPA+ and EV-DO Rev. B. What of a groundbreaking deal with Apple to power new iPhones and iPads? CEO Paul Jacobs wouldn't say: "We're happy to see the Verizon iPhone announcement since it's been the subject of intense speculation, but we have no other comments on that topic." Guess we'll have to wait and see.

Qualcomm has best quarter ever, teases a host of Snapdragon tablets originally appeared on Engadget on Thu, 27 Jan 2011 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2010earningsearnings callearnings reportEarnings reportsEarningsCallEarningsReportEarningsReportsfinancialfinancialsq4q4 2010Q42010Qualcommqualcomm snapdragonQualcommSnapdragonquarterquarterlyrevenesshipmentsshippedsnapdragonThu, 27 Jan 2011 07:35:00 EST<![CDATA[Microsoft announces a record first-quarter revenue of $16.20 billion, $5.41 billion in profit]]>http://www.engadget.com/2010/10/28/microsoft-announces-a-record-first-quarter-revenue-of-16-20-bil/http://www.engadget.com/2010/10/28/microsoft-announces-a-record-first-quarter-revenue-of-16-20-bil/http://www.engadget.com/2010/10/28/microsoft-announces-a-record-first-quarter-revenue-of-16-20-bil/#comments Microsoft just beat analyst expectations, announcing $16.20 billion in revenue for the first quarter of its 2011 fiscal year, with $5.41 billion in profit. Microsoft cites Office 2010, the sustained "PC refresh cycle," and 38 percent growth in the Xbox 360 biz for its good news, with overall revenue up 25 percent over the same quarter last year and a 51 percent gain in profit. The Xbox 360 has been at the top of the console heap for four months running, which can't hurt. Microsoft will have an earnings call to discuss its results at 5:30PM EDT, so we'll be keeping our ears peeled for Steve Ballmer to pull a Steve Jobs, hijack the call, and rag hard on the competition -- if only we lived in a world of such beautiful symmetry.

Microsoft announces a record first-quarter revenue of $16.20 billion, $5.41 billion in profit originally appeared on Engadget on Thu, 28 Oct 2010 16:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings reportEarningsReportmicrosoftmicrosoft earningsMicrosoftEarningsThu, 28 Oct 2010 16:35:00 EST<![CDATA[Intel reports record $11.1 billion revenue, brings home $3 billion in bacon]]>http://www.engadget.com/2010/10/12/intel-reports-record-11-1-billion-earnings-brings-home-3-bill/http://www.engadget.com/2010/10/12/intel-reports-record-11-1-billion-earnings-brings-home-3-bill/http://www.engadget.com/2010/10/12/intel-reports-record-11-1-billion-earnings-brings-home-3-bill/#commentsLooks like Intel's having its best quarter ever all over again: this time, the company's reporting $3.0 billion in profit on a record $11.1 billion in revenue. Chipzilla attributes the surplus to three percent increases in laptop and server chips sales respectively, but none to Atom-based netbooks -- sales of Atom chips actually decreased by four percent. That may be more than you needed or wanted to know about the booming processor business, but humanitarians will be pleased to know it's not all about the silicon; Intel also hired 1,300 new flesh-and-blood employees last quarter to keep the machines running.

Intel reports record $11.1 billion revenue, brings home $3 billion in bacon originally appeared on Engadget on Tue, 12 Oct 2010 18:44:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CPUearningsearnings reportEarnings reportsEarningsReportEarningsReportsfinancialfinancialsIntelprocessorsprofitQ3 2010Q32010quarterly earningsquarterly reportsquarterly resultsQuarterlyEarningsQuarterlyReportsQuarterlyResultsTue, 12 Oct 2010 18:44:00 EST<![CDATA[Lenovo sees $54.9 million net profit in Q1 earnings, hits double digits in global market share]]>http://www.engadget.com/2010/08/20/lenovo-sees-54-9-billion-net-profit-in-q1-earnings-hits-double/http://www.engadget.com/2010/08/20/lenovo-sees-54-9-billion-net-profit-in-q1-earnings-hits-double/http://www.engadget.com/2010/08/20/lenovo-sees-54-9-billion-net-profit-in-q1-earnings-hits-double/#commentsLook out, world -- Lenovo's on a serious tear, and it doesn't look to be stopping anytime soon. In the company's latest earnings report, it proudly announced its first-ever double digital market share of 10.2 percent. As if that milestone wasn't enough to make upper management grin, the outfit also nailed down just under $55 million in net income (a pre-tax income of $75 million) on sales of $5.1 billion. This quarter also marks the third in a row that it has been the fastest growing of the top five PC makers, and the fifth consecutive quarter that it outgrew the industry. Specifically, the outfit's PC shipments increased some 48.1 percent year-over-year, and consolidated sales for its fiscal Q1 saw an insane 49.6 percent uptick from last year. As of now, things are looking mighty rosy for Lenovo, and it just seems logical for the company to revive the Skylight in celebration. Who's with us?

Lenovo sees $54.9 million net profit in Q1 earnings, hits double digits in global market share originally appeared on Engadget on Fri, 20 Aug 2010 10:27:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2011businessearningearningsearnings reportEarningsReportfinancefinancialfinancialsideapadindustrylenovoq1q1 2011Q12011quarterly earningsQuarterlyEarningsthinkpadFri, 20 Aug 2010 10:27:00 EST<![CDATA[Dell's Q2 2010 sees 16 percent increase in net income, flat revenue from Consumer unit]]>http://www.engadget.com/2010/08/19/dells-q2-2010-sees-16-percent-increase-in-net-income-flat-reve/http://www.engadget.com/2010/08/19/dells-q2-2010-sees-16-percent-increase-in-net-income-flat-reve/http://www.engadget.com/2010/08/19/dells-q2-2010-sees-16-percent-increase-in-net-income-flat-reve/#commentsFirst with HP, and now with Dell. The PC maker (and occasional phone dabbler) posted its second quarter fiscal 2010 report, which actually gives a good perspective on the relative position of each company in the global PC market. Whereas the House that Hurd once ran reported a $30.7 billion revenue and $2.3 billion operating profit, Dell posted $15.5 billion (up 22 percent) in revenue and $745 million operating income. Like we said earlier, operating income shouldn't be confused with net income, which deducts those massive corporate taxes. Looking at net, the company profited $545 million, up an impressive 16 percent year-over-year. Focusing on the Consumer unit, revenue was flat at $2.9 billion, while at the same time operating income incurred a $21 million loss. According to the press release, the company "remains confident that initiatives underway will improve operating margins for the segment." Is all this enough to quell irate shareholders? Chances are slim, but hey, it's a start.

Dell's Q2 2010 sees 16 percent increase in net income, flat revenue from Consumer unit originally appeared on Engadget on Thu, 19 Aug 2010 18:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2010breaking newsBreakingNewsdellearningsearnings reportEarningsReportfinancialfinancialsfiscalfiscalsq2q2 2010Q22010quarterly earningsQuarterlyEarningsThu, 19 Aug 2010 18:01:00 EST<![CDATA[HP reports Q3 2010 earnings, posts $2.3 billion operating profit]]>http://www.engadget.com/2010/08/19/hp-reports-q3-2010-earnings-posts-2-3-billion-operating-profit/http://www.engadget.com/2010/08/19/hp-reports-q3-2010-earnings-posts-2-3-billion-operating-profit/http://www.engadget.com/2010/08/19/hp-reports-q3-2010-earnings-posts-2-3-billion-operating-profit/#commentsAnd to think -- that $2.3 billion figure might have been a few million higher if not for the absurd Golden Parachute that Mark Hurd will continue to float on for centuries to come. All jesting aside, HP published its Q3 2010 financials today, reporting a healthy $2.3b in operating profit (not to be confused with net income, which deducts those massive corporate taxes) and a five percent increase year-over-year. All told, third quarter revenue was listed at $30.7 billion (an 11.4 percent uptick from last year), with a "record" amount of services signings. Interestingly, a whopping 63 percent of total HP revenue came from outside of America, though we're struggling to find any specific mentions of Hurd or Palm in the release (embedded after the break). We'll be checking in on the press call shortly -- we'll let you know if anything crazy goes down.

Continue reading HP reports Q3 2010 earnings, posts $2.3 billion operating profit

HP reports Q3 2010 earnings, posts $2.3 billion operating profit originally appeared on Engadget on Thu, 19 Aug 2010 16:52:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2010breaking newsBreakingNewsearningsearnings reportEarningsReportfinancialfinancialshewlett-packardHPmark hurdMarkHurdpalmq3q3 2010Q32010quarterly earningsQuarterlyEarningsThu, 19 Aug 2010 16:52:00 EST<![CDATA[Sony Ericsson posts second consecutive profitable quarter]]>http://www.engadget.com/2010/07/16/sony-ericsson-posts-second-consecutive-profitable-quarter/http://www.engadget.com/2010/07/16/sony-ericsson-posts-second-consecutive-profitable-quarter/http://www.engadget.com/2010/07/16/sony-ericsson-posts-second-consecutive-profitable-quarter/#commentsSony Ericsson managed to keep the good times rolling in the second quarter of 2010, posting its second consecutive razor-thin net profit -- this time of €12 million (about $15.6 million) on sales of €1.757 billion ($2.284 billion). In its earnings report, the company specifically calls out the Xperia X10 and the Vivaz -- yes, the Vivaz of all things -- as devices that helped propel it into the black over the past three months, going on to say that the X10 mini and mini pro have now positioned it for "long term growth." Of course, in an industry where fortunes can turn from week to week and from product to product, these guys certainly can't declare victory just yet.

Sony Ericsson posts second consecutive profitable quarter originally appeared on Engadget on Fri, 16 Jul 2010 11:09:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings reportEarningsReportericssonfinancialmobilesonysony ericssonSonyEricssonFri, 16 Jul 2010 11:09:00 EST<![CDATA[Clearwire promises Clear-branded HTC and Samsung WiMAX phones this year]]>http://www.engadget.com/2010/05/05/clearwire-promises-clear-branded-htc-and-samsung-wimax-phones-th/http://www.engadget.com/2010/05/05/clearwire-promises-clear-branded-htc-and-samsung-wimax-phones-th/http://www.engadget.com/2010/05/05/clearwire-promises-clear-branded-htc-and-samsung-wimax-phones-th/#commentsWithout going into much detail, Clearwire mentioned on its first quarter earnings call today that WiMAX-capable phones bearing the Clear name from both Samsung and HTC are "expected" to be available before 2010's out, which is a pretty optimistic affirmation of comments the company made earlier this year. It describes the Sammy as "an Android-based 3G/4G/WiFi device optimized for heavy video and video communications use," while the HTC's language leaves out the platform -- it's just called "a 3G/4G/WiFi enabled phone," leading us to believe that this puppy could very well be running Windows Phone 7. If that's the case, we can understand why HTC wouldn't want Clearwire spilling the beans since they've yet to officially announce any plans for jumping into the WinPho 7 game. In fact, Clearwire went so far as to say on the call that the HTC device would not be the EVO 4G, so yeah, we can totally buy that there's some Microsoft action going on behind the scenes here.

As for Clearwire's health, it has seen a 94 percent year-over-year boost in total WiMAX subscribers for a total just shy of a million -- and interestingly, the overwhelming majority of those are retail, not wholesale, meaning that folks are running Clear-branded equipment. We expect that to change dramatically once Sprint's Overdrive gets a little more penetration and the EVO comes into play, but for now, some 814,000 customers are familiar with the Clear logo. They lost a hair over $94 million in the quarter, but hey, in the scheme of things, that's peanuts -- building out networks isn't a cheap endeavor, after all.

Clearwire promises Clear-branded HTC and Samsung WiMAX phones this year originally appeared on Engadget on Wed, 05 May 2010 18:56:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>4gclearclearwireearningsearnings callearnings reportEarningsCallEarningsReportfinancialhtcsamsungwimaxWed, 05 May 2010 18:56:00 EST<![CDATA[Motorola posts another tiny quarterly profit, phone division not yet pulling its weight (update)]]>http://www.engadget.com/2010/04/29/motorola-posts-another-tiny-quarterly-profit-phone-division-not/http://www.engadget.com/2010/04/29/motorola-posts-another-tiny-quarterly-profit-phone-division-not/http://www.engadget.com/2010/04/29/motorola-posts-another-tiny-quarterly-profit-phone-division-not/#commentsMoto's earnings for the first quarter came out today, and they pretty much echo what the company managed to do in the fourth quarter of 2009 -- pull a small profit thanks to performance from the Home, Enterprise Mobility, and Network groups in the face of an operating loss from the Mobile Devices (read: phones) division. Unfortunately, all of the numbers are just a little bit worse across the board; Motorola didn't have any Droid-style blockbuster launches or major gift-giving holidays to help it along this quarter, and ended up dropping $192 million in the hole compared to $132 million in the quarter prior. Co-CEO Sanjay Jha still seems upbeat, though -- and he'd better, considering that he'll lead the spun-off phone division after the breakup -- pointing out that shipments actually increased in the quarter with the release of six new handsets. When you throw all the numbers together, the combined company posted $69 million in earnings, down from $142 million in the fourth quarter; hey, that's still better than a loss, especially considering that it's estimating considerably higher earnings in the current quarter. Follow the break for Motorola's release.

Update: Despite the slight profit, poor phone sales may have finally cost Motorola the stateside mobile crown. The Associated Press is reporting that with 8.8 million iPhones sold in Q1, Apple has edged out Motorola as the largest phone maker in the US.

Continue reading Motorola posts another tiny quarterly profit, phone division not yet pulling its weight (update)

Motorola posts another tiny quarterly profit, phone division not yet pulling its weight (update) originally appeared on Engadget on Thu, 29 Apr 2010 12:46:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings reportEarningsReportfinancialmotomotorolaquarterly earningsQuarterlyEarningsThu, 29 Apr 2010 12:46:00 EST<![CDATA[Sprint halves its quarterly customer loss, increases revenue for the first time in ages]]>http://www.engadget.com/2010/04/28/sprint-halves-its-quarterly-customer-loss-increases-revenue-for/http://www.engadget.com/2010/04/28/sprint-halves-its-quarterly-customer-loss-increases-revenue-for/http://www.engadget.com/2010/04/28/sprint-halves-its-quarterly-customer-loss-increases-revenue-for/#comments If you can find the silver linings, the news is finally getting a little better over at the number three largest carrier in the States after countless quarters of brutal numbers. Sprint still isn't turning a profit or earning net customer adds, but it's continuing to stem losses by posting its first sequential rise in revenue in almost three years, clocking just under $8.1 billion for the quarter; that's still less than the revenue it posted a year ago, but hey, at least it's an improvement over Q4 2009's roughly $7.8 billion. All told, that works out to a net loss of $865 million, which is also better than Q4's $980 million. Net wireless customers fell by 75,000 -- considerably better than Q4's 148,000 -- but net postpaid customers fell by a much larger 578,000, suggesting that Boost Mobile's aggressive marketing is probably working. That's all well and good, but it also likely means that ARPU is on a downward trend; Sprint claims it was flat sequentially and down a dollar from $56 to $55 year-over-year. All told, it seems the company's fortunes are improving by baby steps -- but is it fast enough? And how much is the EVO 4G going to mix things up?

Sprint halves its quarterly customer loss, increases revenue for the first time in ages originally appeared on Engadget on Wed, 28 Apr 2010 14:09:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings callearnings reportEarningsCallEarningsReportfinancialsprintWed, 28 Apr 2010 14:09:00 EST<![CDATA[Verizon posts first quarter numbers, gets bested by AT&T's]]>http://www.engadget.com/2010/04/22/verizon-posts-first-quarter-numbers-gets-bested-by-atandts/http://www.engadget.com/2010/04/22/verizon-posts-first-quarter-numbers-gets-bested-by-atandts/http://www.engadget.com/2010/04/22/verizon-posts-first-quarter-numbers-gets-bested-by-atandts/#commentsVerizon may have nearly six million more wireless customers in total than its closest rival, AT&T -- 92.8 million to 87.0 million, to be exact -- but that doesn't necessarily mean it's got the healthiest financials, as evidenced by the Q1 '10 numbers posted this week by the two companies. AT&T came through yesterday with $2.5 billion in income that would've actually been $3.1 billion had it not been for a one-time charge related to employee healthcare; Verizon, meanwhile, clocked just $400 million on revenue of $26.9 billion after $962 million in various charges (including one related to -- you guessed it -- healthcare). That compares to $1.6 billion in income in the same quarter last year, but it's still admittedly a good deal rosier than the net operating loss it posted in the last quarter after charges had been applied. For what it's worth, Big Red is quick to accentuate the positive by pointing out its 1.5 million organic net wireless adds and a significant increase in data revenue year over year -- 26.4 percent, in fact, a number for which it probably has the Droid to thank.

Verizon posts first quarter numbers, gets bested by AT&T's originally appeared on Engadget on Thu, 22 Apr 2010 19:41:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings reportEarningsReportfinancialverizonverizon wirelessVerizonWirelessvzwThu, 22 Apr 2010 19:41:00 EST<![CDATA[AT&T's Q1 results: earnings down thanks to one-time charge, NYC seeing 'solid improvements']]>http://www.engadget.com/2010/04/21/atandts-q1-results-earnings-down-thanks-to-one-time-charge-nyc/http://www.engadget.com/2010/04/21/atandts-q1-results-earnings-down-thanks-to-one-time-charge-nyc/http://www.engadget.com/2010/04/21/atandts-q1-results-earnings-down-thanks-to-one-time-charge-nyc/#comments AT&T's first quarter results posted this morning look generally quite positive for the company -- it saw its highest first-quarter net wireless adds in history (1.9 million) and both postpaid and total churn are at their lowest levels ever, suggesting that subscribers are happier with their service than they have been in recent months, the thought of tantalizing hardware is keeping them around, they're too worn down to bother switching, or some combination of the above. Net income of $2.5 billion was down a bit year over year -- $600 million, to be exact -- thanks to a one-time charge related to some tax craziness that only accountants would fully comprehend, but had it not been for that, they'd be looking at having banked $3.5 billion. In other words, the numbers are looking good.

At least the financial numbers are looking good, but what about those dropped calls? AT&T claims that Manhattan -- one of the hardest-hit areas in the country, if not the hardest -- saw a 6 percent improvement in the first quarter, with the New York metro area improving 9 percent overall. The promised third carrier rollout is claimed to be well underway, and as proof of all this noise, AT&T helpfully provides a pair of graphs -- graphs with no perceptible Y-axis units, mind you -- showing bigger bars and higher lines in the first quarter than in last. Of course, we still don't appreciate AT&T bringing its extensive WiFi network into the equation here; it's still totally non sequitur to the matter at hand, as far as we're concerned, since even the most extensive WiFi coverage is a drop in the bucket against WWAN footprint. Besides, if these guys can actually meet their proclaimed goal of offering both the fastest and the most reliable 3G data around, it's a moot point, right?

AT&T's Q1 results: earnings down thanks to one-time charge, NYC seeing 'solid improvements' originally appeared on Engadget on Wed, 21 Apr 2010 17:03:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>attdropped callsDroppedCallsearningsearnings reportEarningsReportfinancialmanhattannew yorknew york cityNewYorkNewYorkCitynycWed, 21 Apr 2010 17:03:00 EST<![CDATA[RIM's earnings just shy of expectations, expects boost next quarter]]>http://www.engadget.com/2010/03/31/rims-earnings-just-shy-of-expectations-expects-boost-next-quar/http://www.engadget.com/2010/03/31/rims-earnings-just-shy-of-expectations-expects-boost-next-quar/http://www.engadget.com/2010/03/31/rims-earnings-just-shy-of-expectations-expects-boost-next-quar/#commentsThe latest quarter of earnings reported by RIM today was a bevy of pretty good news sprinkled in around one moderately negative piece -- quarterly revenue -- which missed the consensus estimate of $4.31 billion by about $230 million. Otherwise, though, the company set a new record for quarterly BlackBerry activations, raking in 4.9 million new accounts to bring the total to 41 million, and annual revenue grew 35 percent to $15 billion versus the year prior. Notably, co-CEO Jim Balsillie chimed in to say that the company is "off to a great start in fiscal 2011 and expect strong shipments, revenue, subscriber and earnings growth in Q1" to the tune of somewhere between $1.31 and $1.38 a share, which beats analyst estimates, so these guys must really like what they've got in store for the all-BlackBerry, all-the-time WES show in Orlando next month. That said, the company still closed down a little over a percent in trading today, so the bottom line -- missing your numbers for the quarter -- clearly counts for something.

RIM's earnings just shy of expectations, expects boost next quarter originally appeared on Engadget on Wed, 31 Mar 2010 19:34:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>blackberryearningsearnings callearnings reportEarningsCallEarningsReportfinancialfinancial reportFinancialReportreportrimWed, 31 Mar 2010 19:34:00 EST<![CDATA[Sprint turns in larger loss in fourth quarter, subscribers still leaving]]>http://www.engadget.com/2010/02/10/sprint-turns-in-larger-loss-in-fourth-quarter-subscribers-still/http://www.engadget.com/2010/02/10/sprint-turns-in-larger-loss-in-fourth-quarter-subscribers-still/http://www.engadget.com/2010/02/10/sprint-turns-in-larger-loss-in-fourth-quarter-subscribers-still/#comments Though you'd have to argue that Sprint is a leaner, smarter company than it was a couple years ago, it's not out of the woods yet. The company's fourth quarter earnings show that it's still losing money to the tune of $980 million -- a $502 million decline from the quarter prior -- and net wireless subscribers declined by some 148,000, though there's a lot of hand-waving here (iDEN lost 504,000 subs, for example, while the CDMA network actually gained 3,000, and there were a couple big acquisitions thrown into the mix). Churn decreased slightly against both the third quarter and the fourth quarter of '08 -- a good sign, to be sure -- and ARPUs were generally up, though prepaid ARPU specifically took a hit as a result of the Virgin Mobile buy; who knew that Virgin customers had lower ARPUs than Boost's? To end on a high note, Sprint says it's working with the highest free cash flow in company history and it saw its first net gain in CDMA subs (however small that gain might be) in six quarters, so there's reason to keep the faith -- and maybe this Supersonic can work some more magic, right?

Sprint turns in larger loss in fourth quarter, subscribers still leaving originally appeared on Engadget on Wed, 10 Feb 2010 12:55:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings reportEarningsReportfinancialmobilesprintWed, 10 Feb 2010 12:55:00 EST<![CDATA[Motorola files another small profit in fourth quarter]]>http://www.engadget.com/2010/01/28/motorola-files-another-small-profit-in-fourth-quarter/http://www.engadget.com/2010/01/28/motorola-files-another-small-profit-in-fourth-quarter/http://www.engadget.com/2010/01/28/motorola-files-another-small-profit-in-fourth-quarter/#commentsMoto appears to be continuing its long, arduous road toward recovery on news of its financial results for the fourth quarter of '09 -- or, at the very least, it's not losing any ground. Overall, the company posted a meager profit of $142 million for the quarter on revenue of $5.723 billion, $14 million better than a quarter prior and a staggering $3.799 billion better than the same quarter a year ago. Breaking it down by division, Mobile Devices is still in the red, but not by terribly much -- it did $1.8 billion in sales with an operating loss of $132 million, while Home and Networks Mobility (the guys responsible for wireless infrastructure and set-top boxes) made $91 million on sales of $2 billion. Some 12 million handsets were shipped in the quarter alongside 3.4 million set-tops; that marks a downtick of 1.4 million phones from the third quarter, but as the company shifts focus to smartphones, it makes sense that would happen to a certain extent -- provided the company can keep margins high. The company expects to lose somewhere between 1 and 3 cents per share in the first quarter of 2010, so the recovery isn't complete yet -- but stemming the bleeding was an important first step.

Motorola files another small profit in fourth quarter originally appeared on Engadget on Thu, 28 Jan 2010 12:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings callearnings reportEarningsCallEarningsReportfinancialMotorolareportThu, 28 Jan 2010 12:25:00 EST<![CDATA[Ericsson to cut 1,500 more jobs than expected in wake of nightmarish Q4 '09 earnings call]]>http://www.engadget.com/2010/01/26/ericsson-to-cut-1-500-more-jobs-than-expected-in-wake-of-nightma/http://www.engadget.com/2010/01/26/ericsson-to-cut-1-500-more-jobs-than-expected-in-wake-of-nightma/http://www.engadget.com/2010/01/26/ericsson-to-cut-1-500-more-jobs-than-expected-in-wake-of-nightma/#commentsJust when you thought that infrastructure firms would be banking ridiculous quantities as carriers around the world kick off LTE trials and full-scale network upgrades, it looks like we're actually still stuck in a bearish period on Ericsson's news that its profit fell a whopping 92 percent to $43.4 million from the same period a year prior. Analysts probably thought the same, too, seeing how they'd reached a consensus estimate of 2.5 billion kronor (about $346 million) in profit, generally making this a quarter Ericsson would like to forget as quickly as possible. That'll be difficult, though, because it's currently on the path to cut several thousand jobs, which is where the other shocking half of this news comes into play: they've now bumped the total cuts from 5,000 to about 6,500, perhaps a side effect of the fact that new CEO Hans Vestberg sees the dead-in-the-water market "staying the same" so far against the fourth quarter. So c'mon, carriers of the world -- let's drop a few hundred billion into 4G upgrades right this second, shall we?

Ericsson to cut 1,500 more jobs than expected in wake of nightmarish Q4 '09 earnings call originally appeared on Engadget on Tue, 26 Jan 2010 02:38:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings callearnings reportEarningsCallEarningsReportericssonmobileprofitTue, 26 Jan 2010 02:38:00 EST