Not even promises of a new Sidekick can keep T-Mobile from hemorrhaging customers, it seems, as the company reported significant losses in its Q1 statement for 2011. According to reports, 471,000 contract customers either failed to re-up, or outright canceled their contracts. Stacked against a shortcoming growth of just 372,000 prepaid customers (including MVNO customers for sub-carriers), T-Mobile suffered a net loss of 99,000 users, a 29% increase in losses over the same period for the previous year. Ouch. The firm chalked its loss to increased “competitive pressures,” which lends credence to AT&T’s insistence that Sprint and Verizon are such fierce opponents that it has to acquire T-Mobile for the magenta-tinted carrier to stay in the game. You can judge the profits and pitfalls for yourself — just hit the source link for the full financials. Nearly half a million customers left T-Mobile in Q1 2011 originally appeared on Engadget on Sun, 08 May 2011 10:20:00 EST. Please see our terms for use of feeds . Permalink
Posts Tagged ‘quarterly earnings’
Nearly half a million customers left T-Mobile in Q1 2011
May 8th, 2011 
admin 
Posted in att, engadget 
Tags: att, engadget, lte, netloss, over-the-same, press-release, quarterly earnings, quarterly reports, tmobile 
No Comments »Garmin officially exits the smartphone business, reports mixed Q3 earnings
November 5th, 2010 admin Based on our experience with relationships, we’ve learned that it takes two to tango. It also takes two to produce co-branded wares, and with ASUS already withdrawing (respectfully, of course) from the ill-fated Garmin-Asus smartphone partnership, this here is more a formality than anything else. That said, those worried that Garmin would try to loop in another handset maker in order to manufacturer yet another Garminfone that 3.4 people would consider buying can rest easy. In the company’s Q3 2010 earnings, it confirmed that it is ” winding down ” its smartphone efforts, and rather than continuing on a path to doom and destruction, it’ll be ramping up marketing efforts in the aviation and maritime sectors. As for quarterly results, the company did see net income rise to $279.5 million (up from $215.1 million a year ago), but shares fell as it issued a depressing outlook for Q4 amid weakening demand for standalone PNDs . Hate to say we told you so … Garmin officially exits the smartphone business, reports mixed Q3 earnings originally appeared on Engadget on Wed, 03 Nov 2010 12:08:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget Tags: 2010, asus, consider-buying, earning, entry, handset, Kill, killed, our-experience, q3 2010, q32010, quarterly earnings, smartphone, the-smartphone 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
Sprint fails to impress Wall Street with Q3 2010 earnings, still notches 644k net adds
October 28th, 2010 jedwan Sprint certainly isn’t out of the woods yet, but at least it’s picking up customers from somewhere. The company’s Q3 2010 earnings were ushered out today, and while its stock fell around ten percent on the news, a few silver linings were present. The carrier saw postpaid subscriber losses of 107,000, but that’s an 87 percent improvement compared to Q3 2009. The CDMA network added approximately 276,000 postpaid customers during the quarter, 471,000 (net) prepaid subscribers and 644,000 total wireless subscribers from a net perspective. It also landed its second best postpaid churn result ever, but the bottom line still looks battered — the operator announced a net loss of nearly a billion dollars ($911 million, if you’re scouting specifics). Of course, phasing out iDEN should probably help things in the long run, but even its 4G advantage could quickly fade if (or more likely, when) Verizon gets its LTE act together next year. Sprint fails to impress Wall Street with Q3 2010 earnings, still notches 644k net adds originally appeared on Engadget on Wed, 27 Oct 2010 19:43:00 EST. Please see our terms for use of feeds . Permalink
Posted in att, engadget Tags: 2010-earnings, att, business, certainly-isn, industry, operator, q3 2010, quarter, quarterly, quarterly earnings, quarterlyearnings, quickly-fade, still-notches, wimax 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 »Palm posts $22m Q3 loss, ‘making great progress on future products’
March 19th, 2010 admin Palm gave us a heads-up back in late February that its upcoming earnings report wouldn’t exactly be cause for celebration, and today the news has become official: the outfit recorded a net loss of $22 million during its fiscal Q3, which still looks rosy compared to the $98 million loss it suffered this quarter a year ago. All told, the firm shipped 960,000 smartphones in the period, which represents a 23 percent uptick from Q2 2010 and a nearly 300 percent increase compared to this quarter in 2009. Unfortunately, sell-through wasn’t exactly stellar, with just 408,000 units changing hands — that’s a 29 percent decline from last quarter and a 15 percent drop year-over-year. We get the impression that it’s waiting for carriers to get down to replenishment levels, but it’s hard to say when that’ll happen. Jon Rubinstein, Palm’s chairman and CEO, was obviously not thrilled about the news, but he’s mirroring statements made to employees just over a fortnight ago with this quote: “Our recent underperformance has been very disappointing, but the potential for Palm remains strong. The work we’re doing to improve sales is having an impact, we’re making great progress on future products, and we’re looking forward to upcoming launches with new carrier partners. Most importantly, we have built a unique and highly differentiated platform in webOS, which will provide us with a considerable – and growing – advantage as we move forward.” We’re listening into the earnings call right now, and so far we’ve heard a few choice quotes. Jon mentioned that Palm has “aggressive roadmaps on the software front that we’re working on,” and that there were “no changes to our planned carrier launches.” We’ll let you know if he introduces the Pixi 2 or anything. Palm posts $22m Q3 loss, ‘making great progress on future products’ originally appeared on Engadget on Thu, 18 Mar 2010 17:19:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget Tags: entry, impression, news, percent-decline, potential, quarterly earnings, quarterlyearnings, statements-made, webos No Comments »Verizon lost $653 million last quarter in spite of increasing revenues
January 27th, 2010 admin 91.2 million total customers, 2.2 million of whom joined in Q4 , $27.1 billion operating revenue in the quarter, and you still make a loss? Well, in fact Verizon made a tidy profit, which may be considered comparable to Google and Intel’s latest results, but its culling of jobs at the end of last year cost it a whopping $3 billion (presumably in redundancy settlements). Still, the company looks buoyant with that quarterly revenue number growing by 9.9 percent year-on-year, and CEO Ivan Seidenberg noting that significant costs were incurred in setting up for a 4G network deployment in 2010. Our favorite nugget of info? The “cash expense per customer” per month number: $27.62, which presumably includes Droid subsidies and the like. How does that compare to what you’re giving VZW each month? [Thanks, Josta] Verizon lost $653 million last quarter in spite of increasing revenues originally appeared on Engadget on Wed, 27 Jan 2010 03:28:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, htc, LG Tags: 27th-2010, apple, att, losses, mobile, money, quarterly, quarterly earnings, report, return-false, revenue, verizon, verizon-wireless, vzw No Comments »
