T-Mobile released its earnings report for its first quarter late last night, and the numbers aren’t looking too good. The carrier saw a 7% dip in its revenue from the same three month period last year, as well as a 7.5% drop in profits.
But it wasn’t all bad news. T-Mobile’s newly-acquired iPhone handsets seem to be doing very well, with the company reporting that it has sold more than 500,000 of them since they officially went on sale last month (the 12th)… Read More
Sprint Nextel, the nation’s third-largest wireless carrier, Wednesday posted its fiscal 2013 first quarter earnings. The telco saw strong smartphone sales of five million units, with iPhone sales exceeding 1.5 million with 43 percent to new customers.
A whooping 86 percent of quarterly Sprint platform postpaid handset sales were smartphones. Sprint described the 43 percent of iPhone sales that were to new customers as a rate “that continues to outperform larger competitors”… Read More
Apple’s Q2 earnings conference call just ended, and by most counts it went rather well. The company beat Wall Street estimates for iPhone and iPad sales, and revenue, and announced a huge initiative to return $100 billion back to investors by 2015.
So why has Apple’s stock fallen from its huge after-hours spike back down to where it started? Well, it might have something to do with Tim Cook’s comments on Apple’s product pipeline. The CEO indicated that we won’t see any new stuff until the fall… Read More
The news headlines for Apple have been getting progressively worse over the past few months, as rumors continue to swell of falling iPhone and iPad demand, and the company’s stock dipping below $400 for the first time since 2011.
But it looks like they might be able to change the conversation. Q2 numbers are out, and Apple beat Wall Street projections in nearly every category, selling 37.4 million iPhones, 19.5 million iPads and producing $43.6 billion in revenue… Read More
Just as we’re counting down the remaining time until Apple’s earnings release, the company’s trusted iPhone distributor AT&T reported corporate earnings related to the first three months of this year. The company added 1.2 million new subscribers and sold six million smartphones, of which 4.8 million were iPhones, accounting for a whopping 80 percent of new smartphone additions.
By contrast, rival Verizon last week said it added 677,000 net new subscribers during the first quarter. Additionally, out of the 7.2 million new smartphone owners in the quarter, Verizon reported that four million were iPhones.
Even with the slowing growth slowed, key metrics matched Wall Street expectations. That wasn’t enough to prevent shares from going down by nearly 1.25 percent in after hours trading. We’ll be listening to AT&T’s conference call later this afternoon for additional data points… Read More
Apple, which for years has acted as an engine for much of the tech industry, may report slowing profits for the first time in a decade. Talk of a slowdown comes as the consumer tech giant deals with the triple-threat of slimmer profit margins, falling iPhone demand and heightened competition. Ahead of Tuesday’s second-quarter earnings report, Wall Street has entered a “show-me mode” as investors look for reassurance the firm can promise a rosier future… Read More
Following the version 4.0 release of its iPhone and iPad app yesterday, Netflix announced that it was going to be rolling out a host of new “family friendly” features over the next few months. And it looks like the first is going to be a new family plan.
Traditionally, folks pay $8 per month for Netflix’s service, which allows for unlimited streaming of its content to up to 5 devices—2 devices simultaneously. But with the new family plan, families can stream to up to 4 devices at the same time… Read More
Verizon just posted its calendar 2013 first quarter earnings. The nation’s top wireless carrier activated four million iPhones on its network throughout the quarter, half of which were the iPhone 5. The figure beats the 3.5 million unit consensus and represents a 25 percent increase over the 3.2 million iPhones Verizon activated a year ago. Representing just over 55 percent of all smartphone activations for the quarter, the iPhone during Q4 2012 represented nearly two-thirds of activations, which isn’t surprising given the holiday rush, iPhone 4/4S price cuts and the iPhone 5 launch hype.
The company added 720,000 net new subscribers, including 677,000 people who signed two-year contracts, up 35 percent year-over-year. Turnover rate increased slightly to 1.01 percent from 0.96 percent a year ago. Smartphones represented 61 percent of contract subscribers, a record smartphone penetration. Shares climbed 1.94 percent during Thursday’s pre-market session… Read More
Hon Hai Precision Industry, also known as Foxconn, assembles many Apple products, including iPhones and iPads.
And with an estimated 60 to 70 percent of its revenues owed to the Apple orders account, Foxconn’s earnings are scrutinized for any possible hint which could point to increasing or decreasing demand for Apple products.
Today, the contract manufacturer has posted a nineteen percent decline in sales in the first quarter compared with a year earlier. As you’d expect, Reuters immediately speculated the numbers are down because the company is “hurt by disappointing demand for the iPhone”… Read More
It looks like folks wondering how Apple did financially last quarter will find out in just a few short weeks. The Cupertino company announced this afternoon that it will be releasing its financial results for Q2 2013 on April 23.
Apple’s earnings reports are typically a major affair in the tech world, and this one is particularly important. The iPad-maker’s stock is at its 52 week low, and it needs to post some big numbers to change the conversation… Read More
Hon Hai Precision Industry, better known in the Western world as Foxconn, is Apple’s favorite manufacturer that assembles a lot of its products, with Pegatron taking care of the rest. Foxconn also helps a number of other tech giants build and assemble their gadgets.
As Apple is its most visible high-volume client, Foxconn’s earnings are often scrutinized for hints of Apple’s sales performance. Today, Foxconn reported a record quarterly profit on increased manufacturing efficiency and output of Apple’s iPhones and iPads, after having solved production bottlenecks in the prior quarter.
The increased revenue and improved profit margins also could mean that Foxconn may have had some room to push Apple for better pricing, Bloomberg reports… Read More
Like the first hints of green during a long-awaited spring, some sanity regarding Apple’s fiscal future is poking its head above ground. Wild speculation that the iPhone maker was washed up has been replaced with realism. The latest example: calm predictions that Apple’s second quarter income will be down – but with record projected revenue.
Fortune reports a Wall Street consensus of $10.18 per share, down from $12.30 for the second quarter of 2012. At the same time, Apple is projecting record quarterly revenues of $41 billion to $43 billion. If there is a “problem,” it may be lower margins from all the new products Apple introduced… Read More
U.S. carrier Sprint, the latest wireless provider to offer the Apple iPhone, announced Thursday it sold a record 2.2 million during the holiday fourth-quarter. A total of 6.6 million iPhones were sold for all of 2012, according to the company. Despite complaints of losses due to high subsidies, the iPhone has improved Sprint’s ability to attract new customers.
The company said 38 percent of iPhone buyers during the fourth quarter were new subscribers. That’s just slightly below the 40 percent of iPhones purchased by new customers throughout the entire year, according to the firm… Read More
Following up reports from Apple and Verizon, AT&T has just released its earnings results for the 2012 holiday quarter. And they actually look pretty good. The carrier sold a record amount of smartphones during the three quarter period, and activated a record amount of iPhones. Full breakdown of the results after the break… Read More
Towards the end of Apple’s earnings call earlier today, Tim Cook and CFO Peter Oppenheimer fielded a number of questions from analysts. And of course, many of them took the opportunity to question the two on the validity of recent rumors.
The Wall Street Journal’s ‘Apple cutting iPhone 5 part orders’ story, the recent 4.8-inch iPhone meme, and the ongoing budget iPhone rumor were all brought up during the Q&A session. And Tim Cook (sort of) addressed each one… Read More
Among some of the more interesting tidbits from Apple’s earnings call today was Tim Cook’s mention of Apple TV sales. The device has long been called a hobby by Cook and other Apple executives, but it doesn’t act like one.
The Cupertino company sold over 2 million Apple TVs during last quarter, a record high for the company. That’s a 60% growth over last year’s first fiscal quarter, which is bigger than that of both the iPhone and the iPad… Read More
Apple announced its highly anticipated earnings for the fourth quarter of 2012, the first fiscal quarter of 2013, this afternoon. And although they were record-breaking, they missed Wall Street projections. But we’ll save the ‘doomed’ talk for another time.
Right now, we’re just getting finished with Apple’s earnings conference call. And as usual, Tim Cook and company made a few fascinating revelations and dropped a number of statistics. We have the 15 most interesting points for you after the break… Read More
Here it is folks. After all of the rumors of slipping iPhone and iPad demand, which sent the company’s stock tumbling, and the many ‘doomed’ headlines, Apple’s Q1 2013 quarterly earnings report is finally here. So how’d they do?
Given the significance of these numbers, we’ll just get right down to it. During the holiday quarter, Apple sold 47.8 million iPhones, 22.9 million iPads and produced 54.5 billion in revenue. We’ll have more figures after the break… Read More
Google has just posted its fourth quarter earnings for the calendar year 2012. The Internet giant raked in $14.42 billion in consolidated revenue (versus estimates of $12.3 billion), up 36 percent annually and eight percent sequentially. Excluding traffic acquisition costs and Motorola Home, quarterly revenue was $11.34 billion, up from $8.13 billion. The firm earned 54 percent of the revenue outside of the United States, or $6.9 billion.
Quarterly net income came in at $2.9 billion, a 6.7 percent increase (non-GAAP profit was $3.57 billion, up from $3.13 billion a year before). The company surpassed analysts’ expectations on EPS, which was $10.65 on a non-GAAP basis versus the $10.54 consensus. So, even though revenue climbed substantially, profit was only up slightly.
Of note, Google’s Motorola subsidiary (excluding the home biz) lost “only” 353 million, or 23 percent of the unit’s quarterly revenue. Better batteries and impact-resistant design could be in the works for Motorola handsets. A live stream of the earnings call is included right after the break alongside other tidbits related to Apple, Maps, Nexus devices and more… Read More
Apple’s quarterly earnings call is coming up next Wednesday, where the company will reveal its iPhone sales and other figures from the holiday quarter. And given its recent stock drop due to iPhone demand concerns, all of Wall Street will be watching.
Essentially, if the Cupertino company wants to stop the bleeding, it needs to report big numbers for last quarter. And according to KGI Securities’ well-connected analyst Ming-Chi Kuo, it will. He thinks Apple sold 52 million iPhones and 23 million iPads… Read More
