By Christian Zibreg on Jul 30, 2015
Surging iPhone demand on the high-end and plummeting sales of its feature phones that are getting squeezed out of the market by Chinese upstarts like Xiaomi are largely blamed for yet another disappointing quarterly earnings that Samsung posted Thursday.
The South Korean conglomerate reported an eight percent annual decline as profits decreased to 5.75 trillion Korean won, or approximately $4.9 billion, from 6.3 trillion won a year earlier. Analysts predicted 5.6 trillion won of net income. The results mark a fifth straight drop in quarterly earnings for the consumer electronics giant.
The bad news gets worse as Samsung’s mobile division, its bread and butter, reported a huge 37.6 percent drop in mobile operating income which fell from 4.42 trillion won in 2014 to 2.76 trillion won during the April-June period. Read More
By Cody Lee on Jul 21, 2015
Apple announced its financial results for its fiscal third quarter of 2015 this afternoon, and the numbers are solid. The company sold 47.5 million iPhones and earned $49.6 billion in revenue, breaking June quarter records and beating Wall Street expectations.
We just finished up the conference call, where Tim Cook and other executives discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More
By Cody Lee on Jul 21, 2015
Apple has posted its third quarter earnings report for 2015 this afternoon, and says it has broken its own record for the three-month period. The company earned a net profit of $10.7 billion on $49.6 billion in revenue.
That money comes from strong international hardware sales, which accounted for 64% of all revenue. Overall, Apple moved 47.5 million iPhones and 10.9 million iPads during its third quarter, as well as 4.8 million Macs. Read More
By Christian Zibreg on Jul 7, 2015
Samsung just can’t catch a break.
Although Korean investors thought the flagship Galaxy S6 and Galaxy S6 Edge smartphones would turn Samsung’s fortunes around, the financial freefall continued when the South Korean conglomerate said Tuesday it expected to report a decline in revenue and profits when its second-quarter results go public later this month.
As the Wall Street Journal noted today, the unfortunate development marks Samsung’s seventh straight quarterly profit decline. A source attributed worse than expected results to seemingly lackluster sales of Samsung’s latest flagship handsets and a gross miscalculation in demand for the Galaxy S6 versus the Galaxy S6 Edge. Read More
By Christian Zibreg on Jun 30, 2015
Apple is going to release earnings for its third fiscal 2015 quarter on Tuesday, July 21, according to an update published last evening on the company’s Investor Relations webpage. A conference call to discuss third fiscal quarter earnings with Wall Street investors will be taking place on Tuesday, July 21, 2015 at 2pm Pacific / 5pm Eastern Time.
A live webcast of the conference call will be available here. Read More
By Sébastien Page on Apr 29, 2015
Samsung reported its financial results for Q1 yesterday, and the numbers aren’t great. The company reported net profits of 4.63 trillion won (about $4.35 billion), representing a 39% drop from the year ago quarter. Read More
By Cody Lee on Apr 27, 2015
Apple announced its financial results for its fiscal second quarter of 2015 this afternoon, and the numbers are impressive. The company sold 61.2 million iPhones and earned $58 billion in revenue, breaking March quarter records and beating Wall Street expectations.
We just finished up the conference call, where Tim Cook and other executives team discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More
By Cody Lee on Apr 27, 2015
Apple has posted its [fiscal] second quarter earnings report for 2015 this afternoon, and they are impressive. The Cupertino company beat Wall Street estimates, recording $58.01 billion in revenue on the back of strong iPhone sales.
More than 61 million iPhones were purchased during the usually-slow, post-holiday second quarter. That’s over 4 million above analyst estimates, and it looks like the handset did particularly well in China—up 72% year-over-year. Read More
By Cody Lee on Mar 30, 2015
Apple just confirmed via its Investor Relations portal that it will be announcing the financial results for its second fiscal quarter of 2015 on Monday, April 27. As usual, the company will be hosting a live conference call to discussing its earnings, beginning at 2:00 p.m. PT / 5:00 p.m. ET.
While Q2 is typically an uneventful quarter for Apple this one should prove quite interesting. Industry watchers are anxious to see how it follows up its record-breaking holiday quarter, and the firm is sure to share initial thoughts and feedback regarding the just-launched Apple Watch. Read More
By Cody Lee on Jan 27, 2015
Apple announced its financial results for its fiscal first quarter of 2015 this afternoon, and the numbers are staggering. The company sold 75.4 million iPhones and earned $74.6 billion in revenue, smashing both Wall Street expectations and its own records.
We’re just finishing up the conference call, where Tim Cook and other members of the executive team discussed Apple’s performance, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points for you below. Read More
By Cody Lee on Jan 27, 2015
Apple has posted its [fiscal] first quarter earnings report for 2015 this afternoon and they are incredible. The company says it sold a staggering 74.5 million iPhones and recorded $74.6 billion in revenue during the holiday-driven 3-month period.
Both of the numbers beat even the most optimistic Wall Street estimates, and are all-time records for the company. To give you an idea of how big this is, Apple sold 51 million iPhones and earned $57.6 billion in the exact same quarter last year.
By Christian Zibreg on Jan 15, 2015
Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday announced record profits in the fourth quarter of 2014 buoyed by its lucrative chip-making deal with Apple for the new iPhones.
In addition, the firm announced migrating to a much finer 10-nanometer process technology this year after being among the first to adopt 20-nanometer chip-making technology in 2014.
According to KGI Securities analyst Ming Chi-Kuo, TSMC would not only pick up 100 percent of orders for Apple’s “A9X” chip, which should be used in an iPad refresh this Fall, but also get to produce an “S2” processor for a second-generation Apple Watch and an “A10” chip that should power a 2016 iPhone model, likely to be called “iPhone 7”. Read More
By Jake Smith on Jan 8, 2015
Apple on Thursday announced that the first week of January set a new record for billings from the App Store, with customers around the world spending nearly half a billion dollars on apps and in-app purchases. It also revealed New Year’s Day 2015 marked the single biggest day ever in App Store sales history, as customers presumably used gift cards and took advantage of App Store sales. Read More
By Cody Lee on Jan 5, 2015
Apple just announced via its Investor Relations portal that it will be announcing the financial results for its first fiscal quarter of 2015 on Tuesday, January 27. As usual, the company will be hosting a conference call to discuss its earnings, beginning at 2:00 p.m. PT / 5:00 p.m. ET. Read More
By Cody Lee on Nov 23, 2014
KGI Securities’ Ming-Chi Kuo issued a new report to investors today with some adjusted predictions for iPhone sales during the all-important holiday quarter. Buoyed by the iPhone 6 and 6 Plus, the prominent Apple analyst sees the company selling 71.5 million during the 3-month period.
For some context, Apple sold 51 million iPhones during the year-ago holiday quarter. Kuo believes the iPhone 6 will be the leading cause for the dramatic jump, accounting for 41.6 million iPhone sales—nearly 60%. The 6 Plus, he says, is in a distant second due in large part to supply shortages. Read More
By Cody Lee on Oct 20, 2014
Apple announced its financial results for Q4 2014 this afternoon, and for the most part it beat the Street’s expectations. The company sold 39.3 million iPhones and pulled in $42.1 billion in revenue during the three month period, and iPad sales fell short at just 12.3 million.
We’re just finishing up the conference call, where Tim Cook, CFO Luca Maestri and other members of the executive team have discussed Apple’s performance, and offered some insight into its future. As usual, we’ve rounded up the to 15 most interesting points for you below. Read More
By Cody Lee on Oct 20, 2014
Apple has posted its [fiscal] fourth quarter earnings report this afternoon, announcing that it has sold 39.3 million iPhones and 12.3 million iPads. The numbers are just about as expected, with iPhones coming in a little higher than anticipated, and iPads coming in quite a bit lower.
It’s been a significant quarter for Apple in terms of announcements, as it unveiled two new iPhones, Apple Pay and Apple Watch. It’s worth noting, however, that neither Apple Pay nor Watch were available in September, and the new iPhones were only on sale for the last 10 days. Read More
By Cody Lee on Oct 7, 2014
On Tuesday, Samsung Electronics warned investors that earnings for its third quarter would be lower than market expectations. The company says it anticipates reporting an operating profit of $3.8 billion for the three-month period ending in September—a decline of nearly 60% year-over-year.
Samsung cites a few reasons for the drop off, including heightened competition in the smartphone market. While the tech giant is selling plenty of handsets, higher marketing costs, fewer shipments of high-end phones and lower average selling prices have negatively impacted operating margins. Read More
By Cody Lee on Sep 30, 2014
Apple on Tuesday updated its Investor Relations webpage to confirm that it will be announcing its financial earnings for its fourth fiscal quarter (or third calendar quarter) of 2014 this month. The earnings statement will be released at 1:30 PM PST on October 20, with a conference call scheduled for 2 PM.
This earnings report will cover the three month period from July through September, giving us our first real glimpse at how Apple’s new handsets are selling. The iPhone 6 and 6 Plus were unveiled at a media event this month, and launched in several countries on September 19 with record-breaking figures. Read More
By Christian Zibreg on Jul 31, 2014
Samsung’s co-CEO and mobile chief J.K. Shin is in the hot seat as the company posts its third straight quarter of operating-profit declines.
It’s fascinating to watch how quickly things are turning for the conglomerate responsible for nearly one-fifth of South Korea’s Gross domestic product.
Operating profits were down sharply, decreasing a whopping 25 percent year over year. More importantly, Samsung’s favorite business metric – the market share – is under pressure, too: its worldwide share of smartphones slipped to 25 percent in the second quarter from 32 percent a year earlier.
This is bad news considering that 76 percent of the firm’s profit comes from smartphones. What gives? Read More