Lenovo pulls in best-ever revenue of $7.8 billion for Q4 2012/13, record $34 billion for the year

Lenovo pulls in bestever revenue of $78 billion for Q4 201213, record $34 billion for the year

Lenovo's just announced its Q4 and full year 2012/13 financial results, and it's touched new highs on the two most important indices. It earned $127 million on $7.8 billion in revenue for the quarter and $34 billion for the full year, both records for the company, while netting $635 million in profit for the full year -- another all-time high. The only sore spot for Q4 was Lenovo's laptop business, which dropped two percent over last year to $4.2 billion, but that's a far milder plummet than many PC makers saw -- thanks to a 74 percent revenue growth in China. Otherwise, desktop PCs held flat for the company at $2.4 billion during an otherwise down period, and it held firm as China's number two smartphone manufacturer, seeing shipments grow at 206 percent year-over-year, double the average rate. It remains to be seen if Lenovo can continue to buck the downward PC trend that's continued unabated with the release of Windows 8 -- but if not, maybe we'd finally see some of its smartphones over here.

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Source: Business Wire

T-Mobile USA revenue drops 5.2 percent to $4.9 billion for Q4 2012, customers and income also fall

TMobile revenue drops 10 percent to $41 billion, customers and income down, too

Is it a good thing that T-Mobile's US operation is in the crosshairs of a MetroPCS merger? We'll see, but meanwhile the operator again shed revenue, customers and profit in Q4 2012. Total revenue dropped during the quarter to $4.9 billion from $5.2 billion last year, while income was down a whopping 25.1 percent to $1.05 billion year-over-year. Meanwhile the company lost 515,000 branded contract customers compared to 492,000 last quarter, representing a 'churn' rate of 2.5 percent in that category, a slight improvement over last year. All that culminated in a rather miserable year for the carrier, which earned $424 million less than in 2011 ($4.9 billion), while showing a total loss of $6.4 billion thanks to depreciation and impairment charges. Meanwhile, parent Deutsche Telecom said recently that MetroPCS would merge with T-Mobile as early as April -- which sounds like it can't come soon enough.

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Source: T-Mobile

Facebook finishes 2012 on a high note: Q4 revenue $1.585 billion, $64 million in net income

Facebook's Q3 earnings left something to be desired, as the social network posted a net loss. Zuckerberg and company have ended 2012 on a financial high note, however, as Facebook raked in $1.585 billion in revenue -- an increase of 40 percent year-over-year -- and net income of $64 million. The number of folks on Facebook also continues to grow, with its monthly active user count burgeoning to 1.06 billion as of December 31, 2012.

Of particular interest is the breakdown of daily mobile vs. web users -- more folks used Facebook on phones and tablets than on the web for the first time in the company's history. Revenue generated from mobile isn't commensurate with the usage stats, however. Mobile advertising accounted for just 23 percent of the 'book's total ad revenue, though that is an increase from 14 percent in Q3, so that imbalance may not remain much longer. We'll be listening in on the earnings call and updating things here as more details are revealed, so stay tuned.

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Nokia says Lumia smartphones did ‘better than expected’ last quarter: 4.4 million units sold

Nokia says Lumia smartphones did 'better than expected' last quarter 44 million units sold

In the process of drawing up its quarterly results, Nokia has uncovered some good news to report. The manufacturer says its Lumia portfolio "delivered better than expected results" in Q4, selling 4.4 million units compared to just 2.9 million in Q3. The Asha series also did well, with 9.3 million units shifted. In the same breath, however, the company's accountants warn that Q1 of this year may not be so glowing, due to "seasonality and the competitive environment." All financial results are preliminary at this point -- we'll learn more more when the final report arrives in a couple of weeks.

Continue reading Nokia says Lumia smartphones did 'better than expected' last quarter: 4.4 million units sold

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Via: The Next Web

Samsung estimates $8.3 billion in profits for Q4, brags about phone sales

Samsung estimates $8.3 billion in profits for Q4, brags about phone sales

What's the lion's share look like in sales numbers? About 500 handsets a minute, according to Samsung. The Korean hardware giant flaunted the sales estimate in its Q4 investors guidance, where it says it expects to see $8.3 billion in profits when the official earnings report drops later this month. That's just shy of double what it reported over the same period in 2011. Sammy contributes the growth to a plentiful supply of regional variants of handsets like the Galaxy S III and Note II, as well as high demand for its display technology. The streak may not keep forever though, according to Reuters, analysts are predicting a first quarter slump without a new Galaxy S phone for the spring. We'll have to wait for the full earnings release to see how things pan out, but it doesn't look like the firm will be hurting for cash any time soon.

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Source: Reuters

HTC made just $34 million last quarter, its lowest profit since 2004

HTC made just $34 million last quarter, its lowest profit since 2004

Think back to the days of Windows Mobile, to when PDAs were a thing, to when HTC barely had enough clout to put its name on its own hardware. That was the last time the Taiwanese manufacturer reported a profit as measly as today's. Despite Peter Chou's recent bout of hopefulness, the Taiwanese manufacture says it took home just NT$1 billion ($34 million) in net income in Q4 of 2012 -- which is less than a tenth of what it made in the same quarter of 2011. Revenue was at least in line with HTC's pessimistic forecast of NT$60 billion, which equates to a 41 percent drop year-over-year, so the stock market won't find any of this particularly shocking -- even though history says it is.

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Source: Bloomberg

HP takes a $9 billion hit due to Autonomy ‘improprieties’, reports Q4 earnings down 7 percent

HP's earnings drop to $23 billion in Q4, annual net revenue down 5 percentThis sounds scarily like the $8 billion write-off that tainted HP's Q3 balance sheet, but the source of the company's woes is different this time. It's had to take a nearly $9 billion writedown on the value of one of its biggest assets, the British software company Autonomy, following the discovery of serious accounting "improprieties." These concerns cast major doubt over the $11 billion sum that HP coughed up to purchase Autonomy last year, and have a direct impact on both these Q4 earnings and the reported earnings for 2012. Nevertheless, fourth-quarter net revenue still hit $30 billion, which is a 7 percent fall year-over-year, or just a 4 percent fall if you're kind enough to factor in the effects of currency. Of that income, the company managed to clutch onto $2.3 billion as profit -- a 3 percent fall compared to the end of 2011.

Speaking during the earnings call, CEO Meg Whitman stressed that HP remains "100 percent committed to Autonomy and its industry leading technology," and more generally described HP's turnaround strategy as a "multi-year journey" that "will not be linear."

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Source: HP

Qualcomm Q4 2012 earnings: $4.87 billion in revenue, $1.27 billion net profit

Qualcomm Q4 2012 earnings $487 billion in revenue, $124 billion net profit

With Qualcomm's powerful, versatile and efficient Snapdragon S4 taking the mobile world by storm, it should come as no surprise that the company's accountants are smiling more than ever. Today, the firm posted earnings for the fourth quarter of 2012, which includes a net income of $1.27 billion with revenues of $4.87 billion. In terms of profit, these figures represent a 20 percent year-over-year increase and a five percent bump when compared to the previous quarter. A peek inside Qualcomm's books reveal that the company is now sitting on $43 billion in assets and $9.4 billion in liabilities -- if only our own pocketbooks were overflowing in similar fashion. Feel free to count some beans for yourself at the source link below.

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Qualcomm Q4 2012 earnings: $4.87 billion in revenue, $1.27 billion net profit originally appeared on Engadget on Wed, 07 Nov 2012 22:23:00 EDT. Please see our terms for use of feeds.

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Apple Q4 2012 earnings: $36 billion in revenue, $8.2 billion net profit

Apple Q4 2012 earnings

Just a day after introducing the iPad mini, a revised iMac, a 4th-generation iPad and a retooled Mac mini, the company is outing its Q4 2012 earnings -- and it looks as if it has narrowly fell short of Wall Street estimates. Revenue was pegged at $36 billion (compared to estimates of $35.08 billion), with net profit at $8.2 billion. For the sake of comparison, the outfit's fourth quarter of 2011 saw $28.27 billion in revenue alongside $6.62 billion net profit -- at the time, those comically large numbers were actually not up to Wall Street's comical expectations. If you're looking for a quarter-over-quarter comparison, the company's Q3 2012 report showed $35 billion in total revenue, with $8.8 billion in net profits.

The company is guiding for $52 billion in revenues for Q1 2013, while announcing that it sold 26.9 million iPhones (up from 17.01 million a year ago), 14 million iPads (up from 11.12 million) and 5 million Macs (up from 4.89 million) in this quarter. As for the waning iPod business? Predictably, it sold just 5.3 million of those, representing a 19 percent drop from the year-ago quarter. Naturally, the company is expecting its next earnings report to be the one that blows everyone away, with holiday sales -- combined with a slew of new kit -- to propel things leading into 2013. Apple also announced that shareholders that hold stock as of November 12th will pick up a $2.65 / share dividend.

As for other specifics, we're told that gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter, while international sales accounted for 60 percent of the quarter's revenue. Peter Oppenheimer, Apple's CFO, proudly boasted: "We're pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012. Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75." As for the outfit's current stash of on-hand cash? $121.3 billion. Yeah. The financial results call will get going at 5PM ET, and we'll be liveblogging it right here!

Continue reading Apple Q4 2012 earnings: $36 billion in revenue, $8.2 billion net profit

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Apple Q4 2012 earnings: $36 billion in revenue, $8.2 billion net profit originally appeared on Engadget on Thu, 25 Oct 2012 16:31:00 EDT. Please see our terms for use of feeds.

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Barnes & Noble’s Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up

Barnes & Nobles Q4 and FY 2012 revenue up, losses up, hopes Microsoft hurries up

Barnes & Noble has released its financial results for both the final quarter and full financial year of 2012. It's a picture of a company that's holding steady in the face of continued onslaught from its rivals, albeit with some hope on the horizon. In preparation for its as-yet-unnamed venture with Microsoft, the company has begun the process of spinning off its Nook and College businesses -- while sales from stores and BN.com now come under the umbrella term of "retail."

On that front, it sold $1.1 billion worth of books in the quarter and $4.85 billion for the year -- down from $4.92 billion in 2011. Nook-wise, the company had turnover of $933 million, with device sales increasing 1 percent for the quarter and 45 percent of the year -- but had to eat a loss on taking back unsold Simple Touch readers. Content sales on its various devices increased 65 percent in the quarter and 119 percent in the year -- clearly showing where the market is headed.

Continue reading Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up

Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up originally appeared on Engadget on Tue, 19 Jun 2012 11:18:00 EDT. Please see our terms for use of feeds.

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