Tag Archives: Q22012

AT&T’s Q2: 5.1 million smartphones sold helps make a $6.8 billion profit

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AT&T announces Q2 results $316 billion, 51 million smartphones, bestever wireless margins

AT&T has announced its second-quarter results, posting revenues of $31.6 billion and income of $6.8 billion for the three month period. The company sold 5.1 million smartphones, fewer than the 5.5 million sold in Q1 -- but offset the drop by squeezing a margin of 30.3 percent from its existing customers. It's also counted on less than 1 percent of wireless churn, due to the "premier experience" available on the network. Overall it's now got 105.2 million subscribers, with 43 million of these using smartphones -- an increase of 1.3 million in the three months.

More than half of all smartphone activations (3.7 million) were iPhones, with 22 percent of those customers being new to the network. U-Verse now has nearly seven million subscribers and increased revenue by 38 percent to $2.3 billion, while Big Blue's enterprise arm also saw boosted growth. We've got the full breakdown for you after the jump, but in short: It's a very, very good time to be a cellphone network... unless you're Sprint, obviously.

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AT&T's Q2: 5.1 million smartphones sold helps make a $6.8 billion profit originally appeared on Engadget on Tue, 24 Jul 2012 07:39:00 EDT. Please see our terms for use of feeds.

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AMD reports Q2 earnings: continues to see revenues drop, $37 million net income

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AMD reports Q2 earnings

Well, things are looking slightly better for AMD this quarter. While revenues continued to decline the company actually posted a profit of $37 million, a stark contrast to $590 million net loss from last quarter. Still, with revenues down 11 percent sequentially and 10 percent year-over-year to just $1.41 billion the company isn't meeting expectations. Earnings per share were aticipated to hit $0.07, but the Sunnyvale crew only managed an EPS of $0.05. The company blames the softening PC market for its continued struggles, especially in the desktop space where it has traditionally enjoyed more success. It continues to plug away with its A and E series APUs, but it's still struggling to make much of a dent in a world increasingly dominated by Intel. The Computing Solutions division saw its revenues decrease 13 percent both sequentially and year-over-year, while the GPU department was down five percent for the quarter, but steady compared to the same time last year. For more detail hit up the source link.

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AMD reports Q2 earnings: continues to see revenues drop, $37 million net income originally appeared on Engadget on Thu, 19 Jul 2012 17:12:00 EDT. Please see our terms for use of feeds.

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Yahoo reports Q2 2012 earnings, revenue remains unchanged

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Not even 24 hours since announcing its new CEO, Yahoo's announced its financial results for the second quarter, with only a few financial figures of note. Revenue was reported at $1.2 billion, barely changing since the same period last year. Net income totaled $228.5 million, down from $238.5 million from Q2 2011. With its new leader in tow, the company still aims to sell half of its stake in Alibaba, which totals around 20 percent of its shares. Taking a closer look, most of its revenue came Yahoo's own products; about $535 million came from display ads, while $461 million from search. It reiterated the deal it struck with Facebook when it came to patent issues between the pair and future advertising tie-ups that are still in the pipeline. Hit up the press release for all the details.

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Yahoo reports Q2 2012 earnings, revenue remains unchanged originally appeared on Engadget on Tue, 17 Jul 2012 16:32:00 EDT. Please see our terms for use of feeds.

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Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion

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Intel reports Q2 earnings

Intel is back to its old games in Q2 of 2012, raking in $13.5 billion during the second three month financial period of the year, up from $12.9 billion in the first quarter and a solid five percent year over year. Of that impressive pile of cash, Chipzilla was able to pocket $2.8 billion in net income, up $100,000 from Q1 and three percent from the same time period last year. That equates to a healthy $0.57 per share in earnings, which should make investors happy. PC Client Group enjoyed slow but steady growth, seeing its revenues grow by three percent, but the big story is the Data Center division which saw revenues climb 14 percent to $2.8 billion, sequentially.

It's not all wine and roses however, the processor giant also lowered its expectations for Q3 after falling slightly short of its goal this quarter. Growth is expected to continue, but at a much slower rate thanks to the "challenging macroeconomic environment." Of course, an estimated $14.3 billion in Q3 would match its previous earnings record and is hardly anything to sniff at.

During today's earnings call Paul Otellini took time to brag about well the current generation of products was performing. Production had ramped up quicker than previous lines, and was selling better than earlier lines of CPUs. And, though he gave no specifics, he said the company tracking at least 20 Windows 8 tablets powered by Intel's hardware. The company also said that it credited most of its (admittedly limited) growth in the PC market to reclaiming a tiny sliver of the bottom end from AMD. Otellini also reaffirmed that Clovertrail devices will be on the market just in time to be shoehorned inside Windows 8 tablets at the launch of the OS.

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Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion originally appeared on Engadget on Tue, 17 Jul 2012 16:11:00 EDT. Please see our terms for use of feeds.

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HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales

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HTC has reported a substantial drop in its quarterly profits, with unaudited results for Q2 2012 totaling T$7.4 billion ($250 million), down from T$17.52 billion this time last year. While it marks an improvement compared to the company's dire first quarter of this year, HTC's been troubled by weaker-than-expected European sales, while customs issues have hampered US sales for high-end devices like the One X. Despite the continued global roll-out of the One series, sales continue to stall, with consolidated sales for last month totaled T$30 billion, unchanged from May and 33.4 percent less than June 2011.

HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales originally appeared on Engadget on Fri, 06 Jul 2012 04:29:00 EDT. Please see our terms for use of feeds.

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Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales

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Samsung's complete earnings results for the April - June 2012 period won't come out until July 27th, but Reuters reports its early guidance to investors estimates the company's profit at a record 6.7 trillion won ($5.9 billion). That's mostly due to strong sales of the ever-expanding (and increasingly targeted by lawsuits) line of Galaxy smartphones. Sales forecasts are slightly below earlier estimates, and while there's no specific numbers for each division, a Bloomberg breakdown of analyst predictions suggests there should be more good news to go around later this month.

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Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales originally appeared on Engadget on Thu, 05 Jul 2012 20:34:00 EDT. Please see our terms for use of feeds.

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HP cuts 27,000 jobs, profit tumbles 31 percent in Q2

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Meg Whitman and Todd Bradley in Shanghai

Looks like rumors of major cost-cutting measures at HP are true: the company along with its fiscal Q2 results has just outlined plans to slash 27,000 jobs by the end of its fiscal 2014. The drop, or about eight percent of its workforce, is being offered an "early retirement" if it doesn't want to wait to be let go involuntarily. The move is intended to streamline HP's operations and save between $3 billion to $3.5 billion a year by the time the cuts are done. As for the results themselves, they explain all too clearly why the cuts are inbound: HP 's profit dropped a massive 31 percent to $1.6 billion, and its revenue dropped three points to $30.7 billion. CEO Meg Whitman touted the results as exceeding an earlier glum outlook, but with the enterprise, printer and services groups all dragging the company down, it's clear that HP is in the same boat as a struggling Dell.

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HP cuts 27,000 jobs, profit tumbles 31 percent in Q2 originally appeared on Engadget on Wed, 23 May 2012 16:22:00 EDT. Please see our terms for use of feeds.

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Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion

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How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you're Apple, you just keep on keepin' on, shattering even the wildest expectations with "a record March quarter." Leading up to today's earnings, the outfit's stock was down around two percent, mostly on reports that iPhone activations were something other than mind-blowing. That said, shares have already started to creep back into positive territory in after-hours trading. Wall Street was hoping for around $36.88 billion in revenue (despite lower guidance from Apple itself), with upwards of 30 million iPhones sold and 12 million iPads sold -- galling numbers, no matter how you slice it.

The actuals? Well, we're seeing $12.30 earnings per share, compared to an estimated $10.04 earnings per share. It all adds up to $39.2 billion in revenue and $11.6 billion in pure, unadulterated profit with 35.1 million iPhone units sold alongside 11.8 million iPads. (Of note, the new iPad was only on sale for around a fortnight in this quarter, making that figure even more impressive.) The former represents an 88 percent unit growth over the year-ago quarter, while the latter shows a 151 percent unit increase over the year-ago quarter. Though Mac sales weren't equally astonishing, the four million units sold in the past three months indicates a seven percent uptick compared to Q2 2011. The iPod department, which has been sinking in recent years as iPads and iPhones become the primary music players of consumers, still saw 7.7 million units sold, representing a 15 percent decline from the same quarter last year.

Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010.

Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010. As for CEO Tim Cook's reaction? Aside from grinning from ear-to-ear looking at his growing stash of loot, he stated: "We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver." Keep on telling us that, Tim, and we'll keep waiting. The conference call kicks off at 5PM ET, and we'll be liveblogging it just after the break!

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Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion originally appeared on Engadget on Tue, 24 Apr 2012 16:29:00 EDT. Please see our terms for use of feeds.

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HTC predicts 55 percent revenue jump, could hint at strong One sales

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HTC predicts 55 percent revenue jump thanks to One phones

HTC's results for Q1 2012 were a long way short of spectacular, but they came too early to see any impact from sales of its latest wares -- particularly the flagship One X and the ambitious mid-range One S. According to Reuters, the Taiwanese manufacturer now predicts that its revenue will leap by 55 percent in Q2, compared to that bad last quarter. That kind of growth equates to around $3.56 billion, which isn't so impressive when you compare it to the same quarter last year, when turnover broke records and was around 20 percent higher, but it's still an encouraging sign that this company could reap what it sowed at MWC.

HTC predicts 55 percent revenue jump, could hint at strong One sales originally appeared on Engadget on Tue, 24 Apr 2012 05:14:00 EDT. Please see our terms for use of feeds.

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Qualcomm breaks records with Q2 2012 earnings, thanks ‘strong demand’ for 3G- and 4G-enabled devices

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It's a good time to be in business. And by "business," we mean, "in the wireless business." Apple and Samsung seem to be selling every smartphone they make, and Qualcomm seems to be outfitting those very devices with quite a few components. After a record-setting Q1, Qually has just revealed that its Q2 2012 earnings made for "another quarter of record revenues and earnings per share." The driving force? "Strong demand for 3G- and 4G-enabled devices across both developed and emerging regions," according to Dr. Paul E. Jacobs, the outfit's chairman and CEO. Mobile device usage isn't apt to start contracting anytime soon, which has pushed the company to increase operating expenses to "facilitate additional 28 nanometer supply."

Getting down to brass tacks, we're told that Q2 revenues reached $4.94 billion, representing a 28 percent uptick year-over-year, while operating income hit $1.9 billion -- a 15 percent increase year-over-year. Net income was reported at $1.76 billion (a 21 percent improvement over Q2 2011), but it's important to note that these figures included $761 million, net of income taxes, for discontinued operations as a result of a $1.2 billion gain associated with the sale of "substantially all of its 700 MHz spectrum." Those looking for more figures can hit the source link; those looking to improve Qualcomm's bottom line can just buy another phone.

Qualcomm breaks records with Q2 2012 earnings, thanks 'strong demand' for 3G- and 4G-enabled devices originally appeared on Engadget on Wed, 18 Apr 2012 17:31:00 EDT. Please see our terms for use of feeds.

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