Google announces Q1 2013 earnings: $13.97 billion revenue, up 31% year-on-year

Zac Hall
via nytimes.com

via nytimes.com

Google released its earnings report from Q1 2013 today.

Notably, Google’s consolidated revenues increased 31% over Q1 2013 with $14 billion gross income.

“We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year,” said Larry Page, CEO of Google. “We are working hard and investing in our products that aim to improve billions of people’s lives all around the world.”

Google reported $3.35 billion net revenue, which is nearly half a billion up from $2.89 billion during the same quarter last year.

The company reports $50 billion in the back at the end of Q1 2013.

Cash – As of March 31, 2013, cash, cash equivalents, and marketable securities were $50.1 billion.

The company’s effective tax rate came in low at 8% following a tax credit mandated by legislature in Congress.

Income Taxes – Our effective tax rate was 8% for the first quarter of 2013.

Google CEO Larry Page mentioned during the conference call to investors that the company’s opportunities primarily exist in Chrome, YouTube, and Android, in that order. It believes more “connected TV’s” will allow the company to directly connect with consumers via relevant advertising more easily.

The company had praise for its marketing team, citing doubling its retail foot print thanks to more availability of its Chromebook in Best Buy.

Google discussed its success with commercial advertising via YouTube, announcing 325,000 Super Bowls worth of ads have been consumed.

When asked about Andy Rubin’s responsibilities after being pulled from heading Android, Larry Page reiterated that the company has yet to make that announcement and had no plans to make news in that regard today.

Regarding Glass, Larry Page admitted the price tag for early adopters is certainly high, but stepped short of calling it a luxury price and stated the company wasn’t prepared to announce a consumer price tag.

Press release below:

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Report: Samsung and Apple dominate Q4 with 51 percent of global smartphone market

Jordan Kahn

IDC-Q4-2012-shipments

Screen Shot 2013-01-25 at 9.01.51 AM

Q4 2012 estimates from Strategy Analytics

While Samsung has conveniently left specific smartphone sales numbers out of its Q4 earnings release yesterday (as usual), today we get a look at the latest estimates for the quarter coming from research firms Strategy Analytics and IDC.

We know that Apple sold 47.8 million iPhones during the quarter, and today both research firms put Samsung just over 63 million units for Q4 2012. That means Samsung was able to capture 29 percent of the market last quarter (up from 36.2 million units and 22.5-percent of the market in the year ago quarter). Apple is of course a close second among the top five smartphone vendors with 21.8-percent—down slightly from the 23 percent it held in the same quarter last year. In Q4 2011, Apple and Samsung were neck and neck at about 23 percent of the market each.

The increasing market share for Apple, and especially Samsung, over the past year comes at the expense of Nokia. It experienced a drop from 16 percent to 5 percent of the market during the past year.  Read more

HTC’s fourth-quarter earnings disappoint as smartphone competition heats up

9to5 Staff


Source: HTC

HTC posted unaudited consolidated results for the fourth quarter of 2011 this morning. The numbers do not look good for Asia’s second-largest handset maker as net income fell 26 percent annually to $11 billion in New Taiwan currency, or approximately $364 million USD – its first quarterly profit decline in two years. Revenue for the quarter was NT$101,419 million, a 2.49 percent annual decline.

Unaudited operating income reached NT$12.98 billion, but net income after tax was NT$11.02 billion, which is slightly behind the NT$11.6 billion expected by 11 analysts polled by Bloomberg.

Shares fell 4.2 percent to a three-week low of NT$462 in Taipei trading as Citigroup cut both the 2012 and 2013 earnings estimates for the company by 19 percent each. Citigroup explained its decision with the expected market share losses to Apple and Samsung. Surely, the writing has been on the wall for HTC for some time (here and here). More information and another chart are featured right after the break.

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Google Q3 earnings live blog

Jake Smith

(Update: Over, check it out after the break) Starting at 4:30 ET, Google will be hosting their quarterly earnings call to discuss Q3 earnings with investors. We’ll be updating below when the call starts, or you can listen in here. Stay tuned!

Larry Page, Patrick Pichette, Nikesh Arora, and Susan Wojcicki will be hosting the call — starting in just a few minutes.

Follow along after the break:

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HTC reports soaring third-quarter profits, revenues

9to5 Staff

Taiwanese smartphone maker HTC reported unaudited third quarter earnings. The numbers don’t disappoint and follow their equally successful June quarter sales trends when the company doubled profits on sales of 12.1 million smartphones. For the three-month period, HTC’s profits and revenues almost doubled year over year, buoyed on their extensive lineup of the recently released Android handsets.

Unaudited net profit topped T$11.1 billion, or about $360 million, an increase over the T$5.695 billion a year earlier. Operating income climbed to NT$20.2 billion in the third quarter and earnings per share were NT$22.03. Revenue for the quarter was NT$135.8 billion, an eighty percent sequential increase.

Going forward, HTC is expected to benefit from the ongoing interest surrounding the Android platform and a new cloud services model stemming from their acquisition of Dashwire. HTC is ranked the fourth smartphone maker globally and was the leading Android vendor and the second-best smartphone maker in the United States last quarter.

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Whoa, HTC ships 12.1 million phones, doubles profits in the second quarter

9to5 Staff

HTC reported second-quarter earnings today and just briefly glancing at numbers was enough to realize why they’re the #2 smartphone vendor in the US. Per their statement, HTC grew its revenues by 104 percent from the year-ago quarter and shipped 12.1 million phones during the June quarter. The company reported revenues of  NT$12.4 billion, or approximately $4.3 billion, a 19 percent sequential increase. Net income for the quarter topped NT$17.52, more than double from NT$60.96 billion in the year-ago quarter (and an 18 percent sequential jump).

The 12.1 million phones shipped include devices powered by Microsoft’s and Google’s software and amount to a 25 percent and 24 percent sequential and annual jump in terms of units, respectively. Looking at the third quarter, HTC is modeling for a 10 percent quarterly increase and a 90 percent annual jump based on shipments of an estimated 13.5 million phones.

New phone shipped in the quarter include the HTC Sensation, EVO 3D, Wildfire S, ChaCha, Salsa and Flyer. The average selling price dropped from $359 in the previous quarter down to $349 because they brought new inexpensive handsets to the market. Much of HTC’s growth came from Europe, Asia and the United States, where Nielsen ranks them as the second-largest smartphone maker. The achievement is even more impressive taking into account that Apple is now the world’s leading smartphone maker and controls two-thirds of total operating profits in the handset business.

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