Tag Archives: Q12013

Sony’s Q1 earnings show a $35 million net profit, mobile revenue jumps 36 percent

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Sony's Q1 earnings show a $35 million net profit, mobile revenue jumps 36 percent

Sony's first earnings report of the new financial year is in and it's eked out a profit, albeit a small one. The $35 million net profit is an improvement from last year's results for the same period, and the good news is most pronounced in its Mobile Products & Communications department. Revenue grew 36 percent from last year, partially due to changes in the value of the yen, but also thanks to higher sales for smartphones (9.6 million units), and a higher average selling price. The games division recorded an operating loss for the quarter, as sales of the PS3, PSP and PS2 dropped slightly while spending on R&D for the upcoming PlayStation 4 rose. Sony's new TV strategy may have shown some results, with year-on-years sales up 18.2 percent and attributed to an "improved product mix in LCD TVs" and cost reductions.

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Source: Sony Q1 2013 earnings (PDF), Slides

Strategy Analytics: Samsung topped China smartphone share in Q1

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Strategy Analytics Samsung tops China smartphone share in Q1

Many analysts believe that Samsung led the Chinese smartphone market throughout much of 2012, and there are already signs of a repeat coming in 2013. Strategy Analytics now estimates that the Galaxy maker sold 12.5 million smartphones in the country during the first quarter of this year, or enough to stay in front at 18.5 percent market share. Others didn't come close, although there was a fierce battle for the runner up spot. Huawei (8.1 million) barely pushed past Lenovo (7.9 million) to become number two in China, while Coolpad (7.1 million), ZTE (6.4 million) and Apple (6.1 million) were locked in their own fight for fourth place. While it's true that market share isn't the only yardstick for smartphone success, having the most popular devices in the world's most populous country undoubtedly helps with bragging rights.

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Via: The Next Web

Source: The Korea Herald

Samsung estimated to make 95 percent of Android device profits

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Samsung makin' money

Yes, we all know that Android has the prevailing device market share right now, but which companies in that group are actually making money? According to Strategy Analytics' estimates for Q1, it's Samsung... and virtually no one else. With $5.1 billion of Samsung's $7.9 billion operating profit last quarter believed to have come from Android, the Korean firm reportedly accounted for 94.7 percent of Android's hardware profit engine. The only other company that made enough money to stand out was LG, whose $119 million in mobile profits got it to a much smaller 2.5 percent. HTC, Sony, ZTE and the rest were lumped into the ignominious "other" category, at 2.7 percent. The figures don't mean that all other Android manufacturers are floundering, but they do suggest that Samsung is in a much better position to survive any market turbulence.

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Source: Strategy Analytics

Tesla turns a $15 million profit in Q1 2013 on $562 million in revenue (update)

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Despite a bit of bad press for its Model S and a less-than-ideal close to the 2012 financial year, things have been looking up for Tesla. Sales are on an upward climb, company CEO Elon Musk has sworn to deliver more superchargers, better service for customers and continues to tout his EV's high resale value. After promising in Q4 of 2012 that Tesla would turn a profit the next quarter, the EV manufacturer has done so -- generating $15 million in net income and $562 million in revenue in Q1 2013.

During the first quarter the company built 5,000 Model S cars, and is scheduled to build the same number in Q2 to keep pace with the 20,000 orders expected this year. To better service all those vehicles, Tesla opened 12 new service locations in Q1, with 18 more to come online by the end of 2013. Additionally, the company plans to start deliveries of Teslas in Europe in Q3. An investor call with Mr. Musk will be starting shortly, and we'll update things here should he have any other news to share.

Update: During the call, Musk said that the company plans to build upon its newfound financial success by continuing to focus on increasing production efficiency for the Model S -- which is why the Model X has been delayed until late 2014. He also made mention of the fact that roughly half the folks buying the 60 kWh Model S are upgrading to supercharging hardware at purchase (85kWh cars have it standard), and he expects that number to grow as the Supercharger network grows in 2013.

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Source: Tesla [PDF]

HTC expects revenues to jump 63.6 percent in Q2 2013, will continue to support Windows Phone

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HTC expects revenues to jump 636 percent in Q2 2013, will continue to support Windows Phone

HTC's financial results released today don't contain much good news -- take a quick look at the unaudited figures we reported last month. But despite its worst ever quarterly profit earlier this year, it's banking on a substantial turnaround over the next few months. During an earnings call today referencing its audited results, HTC said that its outlook for Q2 2013 includes a revenue jump to around $2.4 billion -- a huge increase from $1.45 billion registered in Q1. HTC CEO Peter Chou said that the company was fine "in terms of cash flow," and that it would continue to support both Android and Windows Phone hardware in the near future. How about those recent supply woes? "We are working as hard as possible to meet the demand everywhere." The company, however, wasn't giving away any handset sales figures, something that the competition does enjoy flourishing.

When asked whether he was concerned with its recent hardware being copied, Chou was frank: " In this industry, everything can be copied. I think there's no point [in] thinking you can prevent this... but whether they would get this original quality -- I think the most important [thing] is that you are first."

Richard Lai contributed to this article.

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Source: HTC

IDC: Android topped tablet share in Q1 at 57 percent, Apple led manufacturers

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IDC Android topped tablet share in Q1 at 57 percent, Apple still the top manufacturer

We were expecting a changing of the guard among tablets given the rise of several competitors throughout in 2012, and we've seen just that in IDC's market share estimates for the first quarter of 2013. The research firm shows Android having almost reversed the share it held a year ago, claiming the top spot at 56.5 percent; Apple's huge spike in year-over-year iPad sales wasn't enough to keep it from dipping to 39.6 percent. Microsoft's estimated performance tells a more complex story, however. Its second quarter of Windows 8 and RT sales involved a big year-to-year jump as well, but it was also starting largely from scratch -- the combined Windows platform was still tiny at 3.7 percent.

The pecking order remained mostly the same among individual manufacturers, although the charts here explain just why OS share shifted so much in the winter. While Apple remained comfortably in front with its 39.6 percent, just about every rival made a dent: Samsung, ASUS, Amazon and Microsoft all gained at least a small amount, even if no one manufacturer posed a major threat. IDC is providing shipping numbers that don't necessarily reflect the on-the-ground sales, especially when everyone beyond Apple declines to report official numbers, but they suggest that tablets like the Nexus 7 and Surface Pro have found at least a small audience.

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Source: IDC

Samsung’s official Q1 earnings show $6.4 billion in net profit

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Samsung Electronics has released its Q1 2013 numbers and as it predicted a few weeks ago, business continues to boom. Operating profits are 8.78 trillion won as predicted, while net profit is up to 7.15 trillion won ($6.4 billion), up sharply from the same quarter last year when its net profit was 5.50 trillion won. Last year at this time we were still anticipating details on the Galaxy S III, but this time around Samsung is on the eve of its worldwide launch for the Galaxy S 4, which should push sales even higher. According to the documents, it's maintained a "steady pace" for Galaxy S III sales, while Note II sales increased and the Tab2 series increased momentum. The news isn't as good for PCs, shipments decreased due to weak demand. earnings in its TV business were also down from last quarter, blamed on the same lower overall market demand noted by LG in its earnings.

While analysts asked the questions w'ed like to hear more about on the earnings call -- software updates to Android phones, the future of Tizen -- the responses were predictably bland. Samsung did mention it plans to push Android updates to customers faster than the competition, a trend that hopefully catches on. Hit the link below to check out a PDF with all the slides, or look after the break for a press release detailing this quarter's results.

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Source: Samsung (PDF)

Amazon first quarter profits fall to $82 million as sales jump 22%

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Amazon's Q1 for 2013 was a bit of a mixed bag. The company saw net income drop 37 percent year-over-year to $82 million, though its net sales were up 22 percent to $16.1 billion. The sequential drop in profits was small (from $97 million) considering Q4's holiday inflation. Product sales accounted for the vast majority of that income, with its various branded services only pulling in $2.8 billion. The United States is still the company's biggest market, with $9.4 billion of that sales revenue coming from here. The rest of the globe only accounted for $6.7 billion, though media was particularly strong in those markets. Media sales were $2.55 billion over seas and just $2.51 billion in the US. Looking over the numbers, its clear that Amazon has a steady stream of reliable income that is continuing to grow. In fact, the company expects another quarter of double-digit growth year-over-year for Q2. But, as we've learned, there are also huge expenses involved. And guidance for next quarter tops out at $10 million in net income -- and a potential loss of up to $340 million (though such a steep fall seems unlikely). Unfortunately, there are no specific numbers for its various kindle products buried in the report (which you'll find after the break), but hopefully the 5PM ET call will offer a comprehensive breakdown. Updates from which you'll find after the break.

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Source: Amazon

Sprint reports quarterly net loss of $643 million, sees iPhone sales drop by a third

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STUB Sprint

Sprint managed to lose a million customers and over a billion dollars last quarter. This time it's not quite as bad, with a net loss of $643 million on revenue that was broadly equivalent to the same quarter of last year (around $8.8 billion). Those following the carrier's big iPhone gamble will note that sales of Apple smartphones fell by around a third relative to last quarter, from 2.2 million down to 1.5 million. Total smartphone sales reached 5 million, which Sprint describes as "strong" and which helped it to slightly increase the amount of profit it makes from each postpaid customer. However, this wasn't enough to offset the impact of losing another half a million customers, specifically due to the ongoing exodus of Nextel subscribers. Partly as a result of this, the company's revenues continue to be wiped out by its huge costs of doing business -- not that its potential suitors seem to mind.

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Source: Sprint

LG Q1 earnings come in lower than last year, but phone sales are up

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LG Q1 earnings come in lower last year, but mobile business is improved

LG has released its earnings report for the first quarter of 2013, and while they were down overall from last year, there is good news to report for its phones. A net profit of $20.3 million is lower than Q1 2012's $214 million -- but better than Q4's lawsuit-related $428 million loss -- blamed on weaker earnings in its home theater business. The good news is reserved for phones, where sales were up 30 percent from last year thanks to devices like the Optimus G (original, Pro and Nexus 4) and L series. Home Entertainment sales dropped to their lowest level in the past year, blamed mostly on a decline in plasmas and professional displays. Q2 is expected to be another good one as the Optimus L Series II, 5.5-inch Optimus G Pro and Optimus F ship worldwide. According to LG its LCD sales were actually up thanks to growing demand in Europe and China, but profits took a hit because of increased competition. While it doesn't expect the overall market to change, it is looking for better results in Q2 as its new Smart and 3D TVs hit shelves along with upcoming 4K and OLED sets. We'll keep digging through the numbers for more details, check the source link below to take a look for yourself.

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Source: LG Korea, LG Q1 2013 earnings (PDF)