Tag Archives: earnings report
Facebook Releases Second Quarter 2013 Financial Results
LG Sold Record 12.1M Smartphones in Q2 2013
Google Earns $3.23 Billion Profit and $14.11 Billion Revenue in Q2 2013
Yahoo Announces New Ads and Video with Q2 Earnings
HTC Profit Goes Down 83% from Last Year in Q2
Samsung Galaxy S4 Sales Hits 20 Million in 2 Months
BlackBerry PlayBook Tablets will Not Get BlackBerry 10 OS
BlackBerry has Shipped 2.7M BB10 Smartphones in Last Quarter
US Cellular takes hit on LTE devices, profits halved to $35.5 million in Q3 2012
US Cellular's latest figures show that while the network saw its revenues remain constant, net profits fell by nearly half compared to the same period last year. It coined $35.5 million in net profit this quarter, down from the $62.1 million it made in Q3 2011 despite bringing in $1.04 billion in turnover both times. The cause of this reduced profitability is said to be down to higher subsidies on LTE devices, which represented a full 50 percent of the company's smartphone sales in the quarter.
While the carrier has reversed the trend of losing customers, it only managed to add a rather measly 9,000 new customers in the three-month period. That could be part of the motivation behind US Cellular selling off a big chunk of its Midwestern operations to the now cash-rich Sprint -- so it can concentrate on areas where business is stronger.
Filed under: Cellphones, Wireless, Mobile
US Cellular takes hit on LTE devices, profits halved to $35.5 million in Q3 2012 originally appeared on Engadget on Wed, 07 Nov 2012 07:59:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments