FInancial Results

Samsung blames sluggish tablet sales, increased competition for Q2 earnings miss

Samsung today issued its earnings guidance for the second quarter of 2014, and in somewhat of an odd move, it attached a note to the document explaining why it will fall short of estimates. The company expects to see its profits drop for the third consecutive quarter.
The note details a number of factors, including the improving strength of the Korean won making exports more expensive, and exceedingly sluggish tablet sales. It also explains that it is running into greater competition in China from low-end device makers like Xiaomi…

Apple to release Q3 2014 financial results on July 22nd

Apple just announced via its Investor Relations portal that the company will be discussing financial results of its third fiscal quarter on July 22nd, during a conference call starting at 2:00 p.m. PT / 5:00 p.m ET. Based on past behavior, it is safe to assume that Apple will be publishing a press release with all relevant financial information a few minutes prior to the call’s beginning.

During the conference call, Apple will discuss basic sales numbers and financials for its line of products, but don’t expect them to reveal anything about future products. We will of course be on deck to report any information that might be relevant to our readers…

Apple to announce Q2 2013 earnings on April 23

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…

Google prematurely posts bad Q3 earnings, stock plunges

A strange thing has just happened: Google has posted its third-quarter earnings prematurely, giving Wall Street analysts and investors a pause as the company missed expectations substantially. Compared to Google’s stellar results in past few quarters, largely driven by soaring sales of ad slots and Apps hosted solutions for businesses, the September quarter saw the search giant stumble a bit.

The Mountain View, California-headquartered company reported a huge 20 percent dive in net income to $2.18 billion (operating income was $3.26 billion). Net revenue was $11.3 billion versus the $11.9 billion that investors had been expecting. Google earned $9.03 a share versus an analysts’ estimate of $10.65, a huge disappointment  analysts had expected, on average.

Doesn’t look good at all. I guess that $12.5 billion acquisition of unprofitable handset maker Motorola Mobility has really ‘paid off’, so to speak…

Apple to post Q4 results on October 25, update us on iPhone 5 sales

Club Cupertino is set to release fiscal 2012 fourth-quarter earnings on Thursday, October 25, 2012. Data covering the three-month period ending September 30 will also include the first iPhone 5 update since the five million opening weekend sales milestone. Apple’s fourth-quarter guidance calls for revenues of about $34 billion and diluted earnings per share of about $7.65. Also, this…

Verizon activates 2.7M iPhones, Q2 share drops to 45% of smartphones

Verizon Wireless today announced results for the June quarter. The company activated 2.7 million iPhones, representing 45 percent of the carrier’s total smartphone sales that hit 5.9 million units during the quarter. This is down from the 4 .3 million iPhones and a 55 percent share in the holiday quarter and a 50 percent share in the first quarter, when the company activated 3.2 million iPhones. For comparison, Verizon activated 2.4 million iPhones in the year-ago quarter. Blame the decline on iPhone seasonality and those pesky iPhone 5 rumors…

Angry Birds clocks 648M downloads in 2011, has 200M active monthly users

Developer Rovio has had enormous success with Angry Birds. The series debuted on the iPhone back in December 2009 and has since remained one of the most sold games in the App Store.

From today’s earnings release for the full calendar year of 2011, the Espoo, Finland-headquartered company hit an astounding 648 million Angry Birds downloads by the end of 2011.

Total number of active monthly users across all platforms reached 200 million, helping Rovio book a cool $106.3 million in revenue. The number of active users grew considerably from the 40 million people who were regularly playing Angry Birds games as of March 2011.

Most importantly, first-quarter earnings before tax stood at $67.6 million, or 64 percent of total revenue in 2011, making Rovio one of the most-profitable game developers out there…

AT&T activates 4.3M iPhones, representing 78% of Q1 smartphone sales

Carrier AT&T announced quarterly earnings this morning, revealing they activated 4.3 million iPhones during the first quarter of this year, with 21 percent new to AT&T. The figure represents a substantial decrease over the 7.6 million iPhones the company activated during the holiday quarter of last year, when the iPhone 4S launched in the U.S.

On a more realistic annual basis, it’s a healthy 19 percent growth. And with three out of four smartphones sold in the quarter being iPhones, the nation’s second-largest wireless operator definitely remains the iPhone network no matter how you look at it.

Also notable, AT&T’s quarterly iPhone activations easily beat the 3.2 million iPhones Verizon activated during the first quarter of 2012. Apple is scheduled to report its quarterly earnings today after the markets close, at 5pm Eastern / 2pm Pacific. The company will webcast the earnings call and we will be at hand to relay important tidbits as they happen…

Verizon activates 3.2M iPhones in Q1, unveils shared data plans mid-summer

Verizon Wireless, the nation’s top carrier, announced quarterly earnings this morning, with finance chief Andrew Davies telling Wall Street analysts on a conference call that the company activated 3.2 million iPhones during the first quarter.

The figure accounts for more than half of the 6.3 million smartphones Verizon sold throughout the quarter, echoing a similar ratio in the previous quarter.

Verizon also sold 2.9 million LTE-enabled devices that now account for an impressive 9.1 percent of their wireless user base…

The Kindle Fire is gaining market share but the iPad remains the king

Some interesting news has been released today regarding the recent success of the Kindle Fire, Amazon’s flagship tablet device. According to iSuppli, Amazon managed to grab a 14% share of the tablet market in the last financial quarter, while Apple’s market share dropped from 64% in Q3 to 57% in Q4.

Apple released the iPad 2 nearly a year ago so it makes perfect sense that demand will drop as the year goes on, especially when new products like the Fire get released later in the year. I expect market share to significantly increase further in Apple’s favor when iPad 3 drops…

Sprint Sold 1.8M iPhones Last Quarter

Sprint Nextel is expected to release its financial results for the fourth quarter of 2011 later today, and it appears that numbers are even worse than they were during the previous quarter.

For the three months that ended on December 31st, Sprint lost $1.3 billion on revenue of $8.7 billion. That compares to a loss of $929 million on revenue of $8.3 billion for the same quarter the previous year.

Everything isn’t that bad for Sprint though. The company managed to sell 1.8 million iPhones, of which 40% were new customers..