Yesterday was AT&T’s turn , and today it’s Verizon revealing its earnings for the first quarter of 2011. The company has reported $27 billion in consolidated revenue from its wireless and wireline businesses, which is up 5.3 percent year over year (on a non-GAAP basis), while profits rose to $1.4 billion. Fueling that growth was 1.8 million net additions to its wireless customer base, which now totals 88.4 million customers (and 104 million connections). It also saw 207,000 net additions to its FiOS internet business and 192,000 net additions to FiOS TV, which bring those total customer bases to 4.3 million and 3.7 million, respectively. As for that little iPhone 4 launch, Verizon says it’s resulted in 2.2 million activations — that’s quite a bit less that AT&T’s 3.6 million iPhone activations for the same quarter, as you’ve no doubt noticed, although it does also have the benefit of a much cheaper iPhone 3GS in addition to the iPhone 4. Verizon also said that demand was “strong” for its new LTE devices (including 260,000 HTC Thunderbolt activations), and that deployment of its LTE network remains on track, with it expected to be available in more than 175 markets by the end of the year — in fact, that’s actually up a bit from the 147 figure we last heard . Head on past the break for the company’s full earnings report. Continue reading Verizon reports ‘strong’ Q1 earnings: $27 billion revenue, 2.2 million iPhone activations Verizon reports ‘strong’ Q1 earnings: $27 billion revenue, 2.2 million iPhone activations originally appeared on Engadget on Thu, 21 Apr 2011 10:27:00 EST. Please see our terms for use of feeds . Permalink
Posts Tagged ‘earnings’
Verizon reports ‘strong’ Q1 earnings: $27 billion revenue, 2.2 million iPhone activations
April 22nd, 2011 
jedwan 
Posted in engadget, htc 
Tags: earnings, from-the-147, full-earnings, htc, iphone, q1earnings, verizon, verizon-wireless 
No Comments »AT&T reports best-ever first quarter for smartphone sales with 5.5 million, 60 percent of them are iPhones
April 21st, 2011 admin We’ve been waiting for this one, the first indicator of the mythical Verizon iPhone ‘s impact on the fortunes of the formerly exclusive Applephone carrier, AT&T. As it turns out, business is rolling along as usual over on the blue team, where AT&T spent Q1 2011 activating a total of 3.6 million iPhones, a nice round million more than the same period last year. Also interesting is AT&T’s note that somewhere around 40 percent of its smartphone sales come from Android, BlackBerry and Windows Phone 7 devices, leaving the iPhone to account for the remaining 60-ish percent. Taken as a whole, that group totaled up 5.5 million sales in the quarter, a new best for AT&T in the first three months of the year, and the smartphone segment is now said to account for 46.2 percent of the company’s postpaid user base. Jump past the break for more details in AT&T’s press release. Continue reading AT&T reports best-ever first quarter for smartphone sales with 5.5 million, 60 percent of them are iPhones AT&T reports best-ever first quarter for smartphone sales with 5.5 million, 60 percent of them are iPhones originally appeared on Engadget on Wed, 20 Apr 2011 08:17:00 EST. Please see our terms for use of feeds . Permalink
Posted in att, engadget Tags: 2011, 2011-activating, apple, earnings, engadget, iphone, remaining, windows-phone No Comments »HTC breaks its own sales and profit records, keeps riding the smartphone wave to success
April 9th, 2011 jedwan Another quarter, another spectacular set of financial results for HTC. The once-small Taiwanese phone maker reports its net income for the first quarter of 2011 nearly tripled earnings in the same period of 2010, now totaling an impressive $513 million. Overall quarterly revenue was in the vicinity of $3.6 billion and the causes cited were, rather predictably, demand for Android smartphones and higher-speed internet connectivity (as provided by the likes of the EVO 4G and Thunderbolt ). Guess now we know why the stock markets are loving HTC so much — the company just can’t stop growing! [Thanks, Karan] HTC breaks its own sales and profit records, keeps riding the smartphone wave to success originally appeared on Engadget on Fri, 08 Apr 2011 15:24:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget, htc Tags: 2011, earnings, engadget, financials, first-quarter, predictably, quarterly, report, results, smartphone, the-smartphone, vicinity No Comments »Motorola’s mobile unit posts first operating profit in a long, long time
October 30th, 2010 admin As a whole, Motorola is no stranger to profit… thing is, Moto won’t be “whole” for much longer , and when the split happens, we’re sure it’d like all of its divisions to be profitable. The mobile unit, of course, has been the struggling one, trying to pull out of a multi-year post- RAZR nosedive under the leadership of CEO Sanjay Jha — and it looks like his all-in bet on Android is starting to pay off at the bank on today’s news that they’ve posted a non-GAAP operating profit of $3 million. Yes, sure, that’s razor-thin when you consider that they sold some $2 billion worth of phones — but these guys haven’t seen black ink in three years, so it’s definitely cause for celebration. Looking at the bigger picture, the entirety of Motorola posted non-GAAP earnings per share of 16 cents — handily beating the estimate of 10 to 12 cents — on sales of $5.8 billion. Not out of the woods yet, but certainly rolling toward the end of the year on a high note, we’d say. Motorola’s mobile unit posts first operating profit in a long, long time originally appeared on Engadget on Thu, 28 Oct 2010 11:37:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget Tags: earnings, entirety, entry, estimate, leadership, moto, motorola, q4 2010, the-leadership, the-struggling No Comments »Samsung notches record profits, aims to sell ten million Galaxy S phones this year
October 30th, 2010 jedwan My, how a year changes things. Q3 2009 was a nightmare for mega-corps in terms of earnings , but things have definitely been on the up and up just 12 months later. After Sony pushed out a glowing quarterly report this morning , rival Samsung has done likewise. The company saw record breaking revenues of ₩40.23 trillion ($35.8 billion) as well as profits (₩4.46 trillion; $3.96 billion) in this most recent quarter, with Sammy crediting strong semiconductor performance for the bulk of its newfound fortune. A tip of the hat was also given to its mobile communications business, with the outfit moving a staggering 71.4 million phones during Q3 2010 (a 19 percent boost year-over-year). Reports are noting that between five and seven million of those were of the Galaxy S variety, and it’s hoping to sell ten million of ‘em before the close of this year. All that said, the firm isn’t expecting an equally rosy Q4, noting that a strengthening won and heightened price pressures around LCD panels and DRAM could put a damper on skyrocketing profits. So much for taking a day to celebrate, eh? [Thanks, Rajendra] Continue reading Samsung notches record profits, aims to sell ten million Galaxy S phones this year Samsung notches record profits, aims to sell ten million Galaxy S phones this year originally appeared on Engadget on Fri, 29 Oct 2010 19:05:00 EST. Please see our terms for use of feeds . Permalink
Sony Ericsson posts lower numbers in Q3 but stays profitable, says Windows Phone 7 is in the works
October 16th, 2010 jedwan Sony Ericsson’s been trying to dig itself out of a revenue and market share slide that had developed over the course of many quarters prior to 2010, and its third quarter results suggest that there’s still plenty of work to be done. The good news is that the joint venture is profitable, turning in €49 million ($69 million) worth of net income on sales of €1.603 billion ($2.26 billion) — but the bad news is that shipped units fell both year-over-year and also versus the quarter prior: 10.4 million versus 14.1 million and 11 million, respectively. CEO Bert Nordberg mentioned on the call that the company would eventually adopt Windows Phone 7 , a fact that isn’t terribly surprising considering they had been announced by Microsoft as a platform partner earlier this year. It’ll be interesting to see how that Timescape implementation turns out, won’t it? Sony Ericsson posts lower numbers in Q3 but stays profitable, says Windows Phone 7 is in the works originally appeared on Engadget Mobile on Fri, 15 Oct 2010 14:19:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget Tags: earnings, income-on-sales, microsoft, phone, quarter-prior, sonyericsson, windows phone 7, windowsphone7 No Comments »LG, Samsung report earnings, phone businesses not in perfect health
August 2nd, 2010 admin South Korean archrivals Samsung and LG have both come clean with their second-quarter earnings this week. While there’s still black ink across the board, LG suffered a 33 percent decline in net profit year-over-year, undoubtedly due in large part to a little bit of bleeding going on in the giant mobile division where they’ve posted a year-over-year loss “due to investment in R&D and expansion of channels in emerging markets for future development.” Samsung, meanwhile, saw a 7.2 percent profit margin in its mobile business and a respectable 22 percent year-over-year improvement in shipments, but it came at the cost of higher price pressures — margins are razor-thin for these guys, and they seem to be getting even smaller. The company ends on a positive note by saying that the Galaxy S series and the Wave should help push it through the third quarter, but considering how these guys flood the low end (read: the part of the market where it’s especially difficult to make a buck) with dozens of devices every year, it seems like it’s going to take superhuman efficiency to keep shareholders smiling. LG, Samsung report earnings, phone businesses not in perfect health originally appeared on Engadget Mobile on Fri, 30 Jul 2010 14:27:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget, LG Tags: earnings, engadget, engadget-mobile, financials, mobile-division, price, q2 2010, q210, q22010, samsung, south-korea, south-korean, southkorea, take-superhuman No Comments »AT&T announces 26 percent earnings growth for Q2, $4b profit
July 22nd, 2010 admin There may be plenty of tales of intrigue behind the scenes, but it looks like AT&T is still doing alright when it comes to raking in the cash — it’s just announced a 26 percent increase in earnings for the quarter that’s just ended. In terms of hard numbers, that translates to a profit of $4.02 billion (up from $3.2 billion a year ago), and $30.8 billion in revenue, which is actually up just 0.6 over the previous year, although that modest gain is partly attributed to AT&T’s sale of Sterling Commerce to IBM for $1.4 billion (which is not included in its results). Other notable stats include 3.2 million iPhone activations for the quarter (a company record), 1.6 million “organic net adds” in wireless subscribers for a total of 90.1 million, and the company’s first ever billion-dollar revenue quarter for its U-verse services — all of which led AT&T CFO Rick Lindner to say that the company is “pleased, pleased across the board.” Full press release is after the break. Continue reading AT&T announces 26 percent earnings growth for Q2, $4b profit AT&T announces 26 percent earnings growth for Q2, $4b profit originally appeared on Engadget on Thu, 22 Jul 2010 11:27:00 EST. Please see our terms for use of feeds . Permalink
Posted in att, engadget Tags: after-the-break, att, earnings, engadget, entry, iphone, notable, press-release, profit, quarter, revenue, revenue-quarter No Comments »Sprint halves its quarterly customer loss, increases revenue for the first time in ages
May 1st, 2010 admin 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
Posted in engadget Tags: after-countless, customers-fell, earnings, earningsreport, financial, news, silver-linings, sprint, states No Comments »HTC expects 36 percent increase in Q2 sales thanks to Android
April 30th, 2010 jedwan If Apple created the first round of disruption to the business-as-usual lethargy infecting the cellphone industry then Google appears poised to bring round two. When looking around at choices, it’s the Android OS backed by Google’s cloud-based services and the 50k app-strong Android Market we usually find underpinning the sexiest and most powerful hardware on the market. And guess who’s making the hardware? Right, HTC. Now HTC — thanks to its recently introduced Desire, Legend, HD Mini, Smart, EVO 4G and Droid Incredible — says it expects record revenues of $1.6 billion in Q2 on sales of 4.5 million handsets, up from 3.3 million handsets sold in Q1 and ahead of analyst expectations. Cheng Hui-ming, HTC chief financial officer, credits the bump to the “growing popularity of the Android platform in Europe and the US”. One can only imagine what HTC sales will do when its long-standing Microsoft partner releases Windows Phone 7 OS later this year. HTC expects 36 percent increase in Q2 sales thanks to Android originally appeared on Engadget on Thu, 29 Apr 2010 04:40:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget, htc Tags: cheng hui-ming, chenghui-ming, chief-financial, earnings, engadget, entry, microsoft, sales, says-it-expects, smart, windows No Comments »
