Tag Archives: Q32012

Google’s Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income

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Google's Q3 2012 earnings $1410 billion in revenue, $274 billion in operating income

In an apparent error, Google's Q3 2012 earnings have gone live smack dab in the middle of the trading day, instead of after the closing bell as expected. Early indications are that the search giant has notched third quarter revenues of $14.10 billion, representing a 45 percent uptick compared to Q3 2011. GAAP operating income in the third quarter of 2012 was $2.74 billion, or 19 percent of revenues, and that would explain the near 10 percent slide in the company's stock price. A year ago Google nailed down $3.06 billion, or 31 percent of revenues, when looking at operating profit; investors were expecting some $10.65 per share, while they got just $9.03 per share. When looking at net income, Q3 2012 saw that figure at $2.18 billion, whereas the company raked in $2.73 billion in the same quarter a year ago. Presently, trading has been halted on the company's stock as the dust settles, but one thing is exceptionally clear: pulling in billions in a single quarter won't go over well with Wall Street if its expectations see you pulling in even more.

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Google's Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income originally appeared on Engadget on Thu, 18 Oct 2012 12:57:00 EDT. Please see our terms for use of feeds.

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Verizon reports Q3 wireless service revenues up 7.5 percent, LTE now available to 250 million people

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Verizon reports Q3 wireless revenues up 75 percent, LTE service now available to 250 million people

The folks at Verizon are revelling in their third consecutive quarter of double-digit growth, having reported a 14.3 percent overall increase in earnings per share year-over-year. Wireless service revenues -- not least from us smartphone users -- contributed heavily to that income, growing 7.5 percent compared to the same quarter in 2011 off the back of a "record high" profit margin. The operator attributes these gains to its "4G LTE network advantage," with its LTE service now available to 250 million customers and potential customers across the US, as well as to its "well-received Share Everything Plans and unmatched product portfolio." It added 1.5 million postpaid connections, bringing its total wireless membership to just shy of 96 million souls.

Continue reading Verizon reports Q3 wireless service revenues up 7.5 percent, LTE now available to 250 million people

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Verizon reports Q3 wireless service revenues up 7.5 percent, LTE now available to 250 million people originally appeared on Engadget on Thu, 18 Oct 2012 04:20:00 EDT. Please see our terms for use of feeds.

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Gartner and IDC: PC shipments tumbled over 8 percent in Q3, only ASUS and Lenovo escaped unhurt

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Gartner and IDC PC shipments tumbled over 8 percent in Q3, only ASUS and Lenovo escaped unhurt

We don't often summarize market share in one word, but: ouch. Both Gartner and IDC have trotted out their preliminary estimates for PC market share in the third quarter, and the two agree that this summer was a dire one for the traditional computer. Outside of ASUS and Lenovo, whose price-focused strategies and key acquisitions kept them ahead of rivals, virtually every major vendor saw its PC shipments collapse versus a year ago, often by more than 10 percent. Total worldwide shipments declined by more than 8 percent in either estimate -- enough to make a flat second quarter seem rosy by comparison. Lenovo took the top spot in Gartner's study, although IDC is counting workstations and kept HP in its usual lead.

As for the US, it's almost better that we don't look. Gartner and IDC believe that the American market sank by respective 13.8 or 12.4 percent amounts, and the steep global declines repeated themselves in the one country for everyone but Lenovo. Even a market share gain for Apple came only because its shipments dropped at a gentler rate than most of its peers. Whether it's the US or worldwide, don't assume that inventory clearances ahead of Windows 8 were the only factors at work, though. Both research teams point to continuing world economic troubles as influences, and IDC contends that buyers are still skipping PCs in favor of smartphones and mobile tablets. There's often a jump in computer sales between the summer and the fall, especially with a new OS on the way, but we wouldn't count on a return to the halcyon days.

Continue reading Gartner and IDC: PC shipments tumbled over 8 percent in Q3, only ASUS and Lenovo escaped unhurt

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Gartner and IDC: PC shipments tumbled over 8 percent in Q3, only ASUS and Lenovo escaped unhurt originally appeared on Engadget on Wed, 10 Oct 2012 19:56:00 EDT. Please see our terms for use of feeds.

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Samsung expects around $7.28 billion in operating profits for Q3, setting another record

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Samsung has provided investors guidance ahead of its full Q3 earnings report that's due before October 26th, and as has been the custom, the numbers are huge. It's expecting a fourth straight record quarter with overall operating profit of 8.1 trillion won ($7.28 billion), an amount that would more than double last year's results for the same period and clear Q2s $5.86 billion, all on sales of 52 trillion won ($46 billion). We'll have to wait for the full report to see numbers broken down by department, but it's safe to say that there's a lot of Galaxy S IIIs (it ticked past 20 million last month) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.

Continue reading Samsung expects around $7.28 billion in operating profits for Q3, setting another record

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Samsung expects around $7.28 billion in operating profits for Q3, setting another record originally appeared on Engadget on Thu, 04 Oct 2012 20:33:00 EDT. Please see our terms for use of feeds.

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Visualized: the iDevice influence on Apple’s bottom line

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Visualized the iDevice influence over Apple's bottom line

Apple's Q3 earnings last week rang loud and clear: iDevices are paying Cupertino's bills. The customary numerics laid down the bare facts, citing an 84 percent increase in iPad sales since 2011 and a similar 28 percent jump for the iPhone. Of course, well-organized tables of sales data aren't for everyone, but who doesn't love a good chart? Stuart Carlton took it upon himself to graph the percentages of Apple's revenue that each of its product categories fill out, producing the above criss-cross of colored statistics. The graph compares Apple's Q3 sales data going back several years, and a second chart (after the break) compares the iPhone, iPad and iPod's share of the revenue directly with the rest of Apple's fare. Read on to take in the data for yourself, or hit the source link below for Carlton's own commentary.

Continue reading Visualized: the iDevice influence on Apple's bottom line

Visualized: the iDevice influence on Apple's bottom line originally appeared on Engadget on Sun, 29 Jul 2012 19:44:00 EDT. Please see our terms for use of feeds.

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Apple’s Q3 hardware sales by the numbers: 17 million iPads, 26 million iPhones, 4 million Macs

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Apple's out with its third quarter financials today and, as is customary, it's provided some sales figures for all of its big hardware categories. Those are headlined by record sales of the iPad, which jumped a whopping 84 percent year-over-year and 44 percent from the previous quarter to 17 million units sold during Q3 (no word on a breakdown by iPad model, though). iPhone sales were also up year-over-year to 26 million units, although that represents a more modest year-over-year growth of "just" 28 percent (and a drop from 30 million in Q2), no doubt due in part to folks holding off on a purchase until the next model comes out.

A bit more surprising are the company's Mac sales numbers which, despite a new slate of MacBooks, saw year-over-year growth of only two percent for sales of an even four million in the quarter -- compared to growth of seven percent in Q2. That seems to be explained at least in part by a dip in desktop sales, which were down 13 percent year-over-year while laptops were up 8 percent, resulting in some fairly flat growth overall. Lastly, as has been the trend for some time now, the company's venerable iPod line is the one area that continues to see a consistent decline as phones and tablets take over, with it dropping ten percent year-over-year to sales of 6.8 million for the quarter. As Apple noted on its earnings call, though, those iPod numbers were actually better than it expected, and the iPod touch continues to be the most popular device in the category far, accounting for more than half of all iPod sales.

Update: Apple didn't divulge any Apple TV sales figures in its earnings report, but Tim Cook was happy to provide them on the earnings call. The company sold 1.3 million Apple TV units during Q3, up an impressive 170 percent year-over-year. Still officially a "hobby," apparently, but not one that Tim Cook says he'd be pursuing if the company didn't believe in it.

Continue reading Apple's Q3 hardware sales by the numbers: 17 million iPads, 26 million iPhones, 4 million Macs

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Apple's Q3 hardware sales by the numbers: 17 million iPads, 26 million iPhones, 4 million Macs originally appeared on Engadget on Tue, 24 Jul 2012 16:53:00 EDT. Please see our terms for use of feeds.

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Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend

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Apple announces Q3 2012 earnings

It's hard to believe its been just three months since we were here last, but it's true. It's already earnings season again and, in the feast of financial conference calls, Apple is an entree. Not surprisingly, Cupertino was raking in the big bucks yet again, but it wasn't quite the windfall of revenue the company has seen in the past. All told the company pulled in $35 billion in revenue, pocketing $8.8 billion of that as pure profit, a record for both in Q3. But, just cause it wasn't quite as lucrative a quarter doesn't mean the boys in Cupertino aren't happy with the results. Profits were up $1.5 billion from Q3 of 2011, once again allowing the company to declare yet another cash dividend for its share holders. During the last three months the company shipped 17 million iPads, an 84 percent increase over the same quarter last year -- a simply staggering number. And don't think that its other premier gadget has plateaued. 26 million iPhones were also sold, representing a 28 percent increase year-over-year. Interestingly, Mac sales slowed, increasing just two percent over last year, largely thanks to a 13 percent drop off in desktop sales.

The biggest money maker for the company continues to be the iPhone and its related products and services, however. More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family. The iPad is quickly closing the gap, netting Apple over $9 billion in this quarter alone. As a percentage of revenue, the iPod continued to decline, marking the slow death of the once flagship product line.

While revenues were down sequentially, it's the year-over-year numbers that tell the real story and that explain why, for the second quarter in a row, Apple is able to award its investors a $2.65 per-share dividend. Revenue was up $9.5 billion from Q3 of 2011 and net income by $1.5 billion, as the company has continued to increase its market share and open up to niches to itself. For the next quarter Apple actually expects a small drop in both revenue and earnings per-share, but not enough that we expect Wall Street types to start yelling, "sell, sell, sell!"

Continue reading Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend

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Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend originally appeared on Engadget on Tue, 24 Jul 2012 16:30:00 EDT. Please see our terms for use of feeds.

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Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year

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Qualcomm is reporting its financial numbers for the last quarter and has been the trend, it's a good time to be everywhere in the wireless business. Continued strong demand for 3G and 4G-connected hardware is keeping sales high, driving "strong year-over-year growth" according to CEO Dr. Paul E. Jacobs, contributing to a bottom line of $4.63 billion in revenue and net income of $1.21 billion. The company's MSM (mobile station modem) chipsets continue to be the main contributor with 141 million units sold, also up yearly by 18 percent but down 7 percent from Q2, with reported device sales following the same pattern at $47.8 billion.

About that slight drop from last quarter, the Doctor continues by saying the company expects demand to be back-loaded as "new devices" are launched for the holiday season. With that in mind, it's ramping up production for 28nm Snapdragon S4 chipsets, a move that reportedly has required help from Samsung and UMC. With the next iPhone, new Android Jelly Bean hardware, Windows Phone 8 / Windows 8 devices and much more expected to arrive soon, we'll keep the old money-flying-at-Qualcomm's-HQ graphic close by. For more details, hit the source link for the PDF or read the press release after the break.

Continue reading Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year

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Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year originally appeared on Engadget on Wed, 18 Jul 2012 16:36:00 EDT. Please see our terms for use of feeds.

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Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income

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Microsoft has announced its earnings for the third quarter of its fiscal year this afternoon, and it's reporting some record numbers that beat expectations: a six percent increase year-over-year to $17.41 billion in revenue and a 12 percent increase to $6.37 billion in operating income. Breaking things down by division, that includes $4.57 billion in revenue from Server & Tools, $5.81 billion from the Business Division (which includes Office), $4.62 billion from Windows and Windows Live, and $707 million from Online Services -- all increases from between four to 14 percent. The one division seeing a big drop is Entertainment & Devices, which dipped a hefty 16 percent year-over-year to $1.62 billion in revenue -- something Microsoft blames on a "soft gaming console market," though it is happy to note that the Xbox 360 remains the top console in the US for the 15th consecutive month. Notably absent is any mention of Windows Phone, though perhaps we'll hear more about it on the company's earnings call in just under an hour.

Update: Microsoft didn't exactly have a ton of new info to share on the Windows Phone front on its earnings call, noting only that it remains pleased with its Nokia partnership and the launch of the Lumia 900 on AT&T, and that it is "working to bring Windows Phone to more people."

Continue reading Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income

Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income originally appeared on Engadget on Thu, 19 Apr 2012 16:21:00 EDT. Please see our terms for use of feeds.

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