Without 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
Posts Tagged ‘earningsreport’
Clearwire promises Clear-branded HTC and Samsung WiMAX phones this year
May 6th, 2010 
admin 
Posted in engadget, htc 
Tags: clear, clearwire, earningsreport, entry, htc, overwhelming, phone, samsung, wimax, windows-phone, windowsphone7, year 
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 »Motorola posts another tiny quarterly profit, phone division not yet pulling its weight
April 30th, 2010 admin Moto’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. Continue reading Motorola posts another tiny quarterly profit, phone division not yet pulling its weight Motorola posts another tiny quarterly profit, phone division not yet pulling its weight originally appeared on Engadget on Thu, 29 Apr 2010 12:46:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget Tags: came-out-today, earnings, earnings report, earningsreport, engadget, entry, from-the-mobile, higher-earnings, mobile, moto, motorola, network, quarterly earnings, tiny No Comments »Sprint turns in larger loss in fourth quarter, subscribers still leaving
February 10th, 2010 admin 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 Mobile on Wed, 10 Feb 2010 12:55:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, htc, LG Tags: aol, att, days-ago, earnings, earnings report, earningsreport, engadget, fcc-fridays, financial, japanese, return-false, sprint, supersonic No Comments »Ericsson to cut 1,500 more jobs than expected in wake of nightmarish Q4 ’09 earnings call
January 26th, 2010 admin Just 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 Mobile on Tue, 26 Jan 2010 02:38:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, htc, LG Tags: aol, att, earnings, earningsreport, engadget, engadget-mobile, ericsson, htc, japanese, michael-jackson, mobile, news, profit, related, review No Comments »Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement
December 17th, 2009 admin We don’t know just how quickly Palm (or Elevation Partners, for that matter) thought it’d become profitable following the release of webOS , but it’s not there quite yet — the company is in the process of outing its earnings for the second quarter of fiscal year 2010 right now, and in a word, they’re still in the red. The good news is that it’s a marked improvement from last quarter — they’ve gone from a $164.5M GAAP net loss to an $85.4M one this time around. On a non-GAAP gross basis, they actually made $5.5M, which is up from $2.8M a quarter earlier. They’ve got $590 million in cash and other “short-term investments” on the book right now, which seems like it should be enough to keep the company going without a profit or additional cash infusion for at least a few additional quarters, but then again, burn rate is going to vary with just how much hardware and software R&D they’re doing and the kinds of carrier deals they’re scoring. We bet they’re looking forward to this Verizon business going down, eh? Update: Palm’s specifically saying that they’re looking to grow carrier and geographic coverage right now — a good plan, if we say so ourselves. Update 2: They’ve sold 784,000 phones in the quarter, which compares to 823,000 in the last — a 5 percent drop. That’s up 41 percent from the same quarter a year ago… but yeah, of course it’s going to be way up from the pre-webOS days. Update 3: Over 800 apps in the catalog so far, once they graduate from the Early Access Program exclusivity, Palm foresees a “flood” of apps. No plans right now to change SDK strategy to a more native development environment. Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement originally appeared on Engadget on Thu, 17 Dec 2009 16:55:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, LG Tags: 17th-2009, att, breaking-news, earningreport, earnings report, earningsreport, financials, neutral, palm, verizon No Comments »
