earnings

96 'earnings' stories July 2011 - January 2016

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Xiaomi misses 2015 target of 80M phones by 10M, but expands to UAE, Saudi Arabia

Cam Bunton Jan 15 2016 - 4:15 am PT

Lei Jun, founder and CEO of China's mobile company Xiaomi, speaks at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. China's Xiaomi unveiled on Tuesday its new flagship Mi 4 smartphone, aimed squarely at the premium handset market dominated by Apple Inc and Samsung Electronics Co Ltd. REUTERS/Jason Lee (CHINA - Tags: BUSINESS TELECOMS SCIENCE TECHNOLOGY LOGO) - RTR3ZN52

Xiaomi has announced that it sold over 70 million smartphones over the course of the entire 2015 fiscal year. The company didn’t state exactly how many smartphones were sold, but it has improved on its 2014 total by around 10 million units. It’s not all positive for Xiaomi though, it missed its own 80 million projection set for 2015 which itself was reduced from an original target of 100 million…

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Samsung issues Q4 2015 guidance, profit up 15% year-on-year

Cam Bunton Jan 8 2016 - 2:50 am PT

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Samsung has issued its earnings guidance for the fourth quarter of 2015, and things look to be heading in the right direction, albeit slowly. Samsung estimates that its profit for the quarter reached 6.1 trillion Korean Won, or roughly $5.1 billion US Dollars. That was based on estimated sales worth 53.0 trillion Korean Won ($44B USD).

While other Android smartphone makers are struggling to make any progress financially, Samsung’s Q4 estimates (if accurate) will see them beat last year’s final quarter profits by 0.8 trillion Korean Won, or approximately $666 million USD. That’s an increase of 15% year-on-year.

If anything, it shows that Samsung’s 2015 focus on creating fewer, but higher quality handsets is working. A big part of that focus was moving away from the plastic flagships of the past to make solid, glass and metal handsets with market-leading specifications.

Rather unusually, however, Samsung did see a quarter-on-quarter drop from Q3 2015, in which it made 7.4 trillion Korean Won. Holiday sales are usually stronger than any other quarter for most tech companies, so Samsung may be a little worried to see the 18% drop from Q3 even if Q4 was an improvement on the same quarter in 2014. One explanation, of course, is that Samsung released its last high-end flagship smartphone right in the middle of Q3, while many other competitors waited until October/November.

As 2016 rolls in, the competitive landscape is only going to get tougher for Samsung. Companies like Huawei and Xiaomi are expected to renew their focus on markets where Samsung is normally very strong. And, if Huawei’s 2015 performance is anything to go by, Samsung should definitely be keeping an eye over its shoulder.

Huawei reports 35% revenue growth in 2015 following strong smartphone sales

Cam Bunton Dec 31 2015 - 4:04 am PT

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Following some very strong quarterly results, Huawei today revealed that 2015 was a resounding success. Although it was a little light on details, the company (as reported by WSJ) saw its full-year revenue for 2015 rise to 390 billion yuan (roughly $60.1 billion USD). That’s up more than 35% on the full calendar year previous…

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Lenovo suffers Q2 loss, no thanks to smartphone sales and Motorola acquisition

Cam Bunton Nov 12 2015 - 5:50 am PT

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Despite a 16% year-on-year growth of revenue to $12.2 billion, Lenovo has just announced its first quarterly loss in six years. In its fiscal Q2 earnings results, the manufacturer blames both the competitive nature of the smartphone market and the restructure following its finalized Motorola acquisition for its losses.

Before tax, Lenovo lost around $324 million on unsold smartphone inventory and $599 million to “restructuring costs”.

The official HKFRS losses were driven by the realignment plans Lenovo disclosed during its Q1 results, including worldwide expense reduction actions across all businesses, the integration of the System x Business, the organization and brand alignment of Motorola and the Lenovo Mobile Business Group and clearance of smartphone inventory.

It’s not entirely bad news for Lenovo though. The addition of the Motorola brand has meant the company saw a year-on-year sales increase of 104% of in its Mobile Business Group. It sold $2.7 billion worth of smartphones, Android tablets and TVs. $1.4 billion of those were Motorola sales. Most of this growth is down to sales outside of China. Across the first two quarters of its financial year, 70 percent of its mobile products were purchased outside Chinese borders. This time last year, that figure was just 19 percent.

Unlike the rest of the tablet industry, Lenovo’s sales actually grew, selling 18.8 million units, up 11 percent from last year.

Despite making a loss last quarter, Lenovo is convinced that the mobile division will return to money making ways after the next couple of quarters. With the rise of competitive and affordable products from other brands, it’ll be a tough challenge. But, with the likes of the Moto G, Moto X and new DROIDs in its lineup, the company certainly has the hardware to compete. What’s more, it just opened its very first boutique retail store in Chicago to help boost high street presence.

Huawei shipped an impressive 27 million phones in Q3

Cam Bunton Oct 28 2015 - 4:18 am PT

Huawei has announced its financial results for Q3 2015, and things are looking good for the Chinese smartphone maker. Having just surpassed Xiaomi as the top manufacturer in China, the company just announced that it shipped an impressive 27.4 million smartphones in Q3. That puts it on course to ship a total of 100 million smartphones in 2015, and represents a huge 63% jump on the same quarter in 2014. On a global scale, that puts it securely in third place, but it’s still some distance behind Samsung and Apple…

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Google’s market capitalization surpasses the half trillion mark as Alphabet’s stock soars

Fred Lambert Oct 23 2015 - 6:32 am PT

Yesterday, Google’s parent company Alphabet released its earnings report and announced its first stock buyback program. Investors welcomed the news and sent the company’s stock soaring 11.8% in early trading Friday morning, which pushed Alphabet’s (GOOG) market capitalization passed the half a trillion mark.
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Alphabet stock soars: Q3 2015 Google earnings show $18.7 billion revenue, $5 billion in buybacks planned [Livestream]

Stephen Hall Oct 22 2015 - 1:23 pm PT

Alphabet has today — for the very first time since the company’s major restructuring earlier this year — posted Google’s earnings for Q2 2015. The company reports revenue of $18.7 billion, which is up 13%. Net income for Q3 2015 was $3.97 billion. More importantly, Google is initiating its first buyback program, planning to buy $5,099,019,513.59 of its Class C capital stock.

Meanwhile, Alphabet stock is soaring.

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HTC Q3 financials announced, company lost nearly $153M on revenues of $655M

Cam Bunton Oct 5 2015 - 3:57 am PT

Continuing its trend from recent quarters, HTC has announced yet another loss-making financial period. The Taiwan-based tech company lost a total of NT$4.94 billion (approx $151M USD) after taxes and operating costs in the three month period ending in September. Overall revenue dropped nearly NT$12 billion ($367M USD) quarter-on-quarter to NT$21.4 billion ($655M), with a loss of NT$4.49 billion ($137M) before tax and costs…

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Sony posts strong quarterly financial results, despite faltering mobile division

Cam Bunton Jul 30 2015 - 3:53 am PT

Sony just posted its latest quarterly results for 2015. The company’s net profit rose to ¥82.4 billion (roughly $664 USD), way above what any analysts expected. Sadly for Xperia fans however, this was all despite its smartphone sales, not because of them.

Sony’s strongest performing category was the PS4 division which saw a 12.1% increase in sales to ¥288.6 billion ($2.3 billion USD) after selling three million PS4 units, and increasing software and peripheral sales. Its other strong performer was the camera sensor division. Sony sells its mobile camera sensors to a number of companies, including Apple, Motorola and Samsung among many, many others. From camera sensor sales alone, Sony pulled in ¥237.9 billion ($2 billion USD).

What if I told you a decade ago that Sony's claim to fame would one day be cameras http://t.co/9AzVjUHhFf pic.twitter.com/1gndOg6GNr

— Seth Weintraub (@llsethj) June 10, 2015

Sales across the company however are almost flat year-on-year, mostly thanks to the faltering smartphone sales. Sony’s mobile division saw sales drop 16.3%, but this isn’t entirely surprising. The once-popular manufacturer has openly stated that it will focus on a smaller group of handsets with healthy margins. Although this leads to less revenue in the short run, profit margins should increase in the long term, if the company balances the marketing strategies suitably.

Sales decreased 16.3% year-on-year (an 18% decrease on a constant currency basis) to 280.5 billion yen (2,299 million U.S. dollars). This decrease was due to a significant decrease in smartphone unit sales resulting from a strategic decision not to pursue scale in order to improve profitability

Sony also saw declines in its Sony Pictures’ sales and its home entertainment (TV and AV gear) division. They saw decreases of 11.9% and 13.8% respectively.

Samsung announces Q2 2015 revenue of $41.5 billion, operating profit of $5.9 billion

Chance Miller Jul 29 2015 - 6:38 pm PT

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After releasing its guidance earlier this month, Samsung this evening has disclosed its full earnings for second quarter of 2015. The company reports an operating profit of $5.9 billion with revenue of $41.5 billion. In the year ago quarter, Samsung reported operating profits of $6.17 billion.

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Huawei sees strong first half of 2015 with 30% revenue increase, reportedly on track for 100 million shipments

Tom Maxwell Jul 20 2015 - 10:38 am PT

Huawei, the Chinese-based manufacturer making a name for itself in the Android smartphone market, has released a peek at its earnings results for the first half of 2015, despite being a privately-held company. The results suggest Huawei is doing quite well for a company which already ships millions of phones globally on an annual basis, although the company doesn’t just make smartphones — it also has its hand in enterprise with products in cloud computing, data storage, and more, as well as in the carrier business where it offers network technologies for telecommunications operators to easily scale their mobile broadband infrastructure.

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Google stock set to open at record high following strong earnings

Cam Bunton Jul 17 2015 - 6:00 am PT

We’re just minutes until the the market opens for the day and Google has already started on a high. Following its strong Q2 financials (announced yesterday), GOOG has shot up in after-hours trading and is up around 13% on yesterday. Last night it announced revenue of $17.7 billion — up 11% YoY — and net income of $3.93 billion.

Seems Wall Street is happy with the results from Q2 leading to a surge in trading after hours, pushing its stock price up past $650. If pre-market numbers are any indication, once the market opens for trading, GOOG should be at its highest point ever. Before now, it’s previous high was set in February last year when it reached $607.

Ruth Porat, Google’s new CFO stated:

“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising. We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

With Google’s steady rise on the stock market, it’s hard to see the company failing any time soon. Let’s hope there are many more strong quarters in store.

Samsung issues Q2 2015 earnings guidance, expects to miss analyst expectations

Chance Miller Jul 6 2015 - 8:56 pm PT

samsung

Samsung this evening has issued its guidance for the second quarter of 2015. The company estimated operating profit at 6.9 million won during the quarter, which is below analyst expectations of 7.2 million won. The operating profit number is, however, up from the 6 trillion won earned in the January to March quarter of the year.

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To the surprise of nobody, HTC losses mount in Q2

Tom Maxwell Jul 6 2015 - 8:03 am PT

As predicted by the company itself, Android device manufacturer HTC today reported bleak earnings results for the April through June period. For the three month period, the Taiwan-based company lost NT$8.03 billion after tax and operating costs are taken into consideration. HTC reported profits during the prior four quarters, but apparently those couldn’t hold, likely due to lackluster demand for the One M9. Today’s reported losses spread out over the company’s shares come out to an approximate NT$9.70 ($0.3) per share. Revenue for the quarter was NT$33 billion.

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HTC’s sales slump continues, performance guidance slashed for April-June quarter

Tom Maxwell Jun 5 2015 - 1:03 pm PT

HTC hasn’t been having the best run lately and that continues today. After promising this past Wednesday at an investor meeting to reinvigorate its line through a new product in October and “improved design and innovation,” the Taiwanese smartphone manufacturer has posted bleak earnings results for the month of May with revenue of NT$10.79 billion (US$347 million), down 50% over the same month last year and down 11% from April’s revenue of NT$13.5 billion (US$440 million). Revenue for April was down itself 33% from the month prior and 38% from April 2014.

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HTC CEO apologizes for poor company performance, promises new product in October

Tom Maxwell Jun 4 2015 - 8:20 am PT

HTC CEO Cher Wang during an investor meeting yesterday apologized for the company’s poor performance in recent months. According to the Taipei Times she attributed it to “poor operational efficiency and overly conservative marketing strategy amid fierce competition in the global market.”

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Samsung announces Q1 2015 revenue of $44 billion, operating profit of $5.63 billion

Chance Miller Apr 28 2015 - 6:40 pm PT

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After releasing its earnings guidance earlier this month, Samsung has just posed its official Q1 2015 earnings. The company reports an operating profit of $5.63 billion off of revenues of $44 billion. These numbers represent a drop in operating profits year-over-year, down from $7.8 billion in Q1 2014.

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Google announces Q1 2015 earnings: $17.3 billion revenue, $3.6 billion net income

Chance Miller Apr 23 2015 - 1:11 pm PT

https://www.youtube.com/watch?v=ceQKErGALV8

Google today has posted its earnings for Q1 2015. The company reports revenue of $17.3 billion, which is up 12 percent compared to the first quarter of 2014. Net income for Q1 2015 was $3.68 billion For the first quarter of 2015, the company also reports earnings per share of $6.57. Google CFO Patrick Pichette cites momentum of its mobile advertising business as a reason for its strong performance.

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HTC posts Q1 2015 earnings guidance, expects revenue & profit to be up year-over-year

Chance Miller Apr 6 2015 - 7:58 pm PT

Samsung released its earnings guidance for Q1 2015 earlier this evening, and now HTC has done the same. Reuters reports that HTC expects a net profit of $11.6 million for the first quarter of 2015 off of revenue of $1.3 billion. While these numbers are down slightly when compared to Q4 of 2014, they are up significantly from the year ago quarter.

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Samsung issues Q1 2015 earnings guidance, expects another year-over-year decrease in revenue & profit

Chance Miller Apr 6 2015 - 4:54 pm PT

samsung

Samsung this evening has released its earnings guidance for Q1 of 2015. The company expects to, yet again, post a decline in profit and revenue year-over-year. Samsung expects its operating profit for Q1 2015 to be $5.43 billion (5.9 trillion won), which beats analyst estimates of $4.8 billion (5.3 trillion won). The company expects revenue of 46 trillion won, which is slightly lower than estimates of 49.8 trillion won.

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WSJ: YouTube planning new ad-targeting system after earning $4B in 2014 without profit

Chance Miller Feb 25 2015 - 1:46 pm PT

youtube-cropped According to a new report out of The Wall Street Journal, Google’s YouTube unit posted a revenue of nearly $4 billion in 2014, but did not earn a profit of any kind. The $4 billion in revenue during 2014 is up from $3 billion in 2013. YouTube accounted for about 6 percent Google’s overall sales last year.

In an effort to remedy remaining unprofitable, YouTube is planning to launch a new ad-targeting system later this year, the WSJ says, though details remain unclear. …

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Sony announces another 1,100 job cuts in its Mobile Communications unit

Chance Miller Feb 4 2015 - 1:02 pm PT

Sony Mobile HK 2015-01-22 08-32-22

Sony, after announcing last month that it was cutting 1,000 jobs from its mobile unit, has today revealed that it is cutting yet another 1,100 employees from its Mobile Communications business. Sony says that these cuts will trim the mobile unit down to 5,000 employees by March 2016. That’s a 28 percent cut to the department (via FierceWireless).

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Motorola reports 10 million smartphones sold last quarter, up 118 percent year over year

Chance Miller Feb 2 2015 - 5:49 pm PT

Android-moto-x

Lenovo this evening has reported its calendar Q4 2014 earnings, and as is well-known, Motorola is now a part of the company, so the earnings are bit more interesting this time around. According to the earnings release, Motorola Mobility sold 10 million smartphones last quarter, which is up 118 percent compared to the year ago quarter.

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Google: Users have casted content 1 billion times, Chromecast most popular streaming device in U.S.

Chance Miller Jan 29 2015 - 2:28 pm PT

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Google’s Chief Business Officer Omid Kordenstani gave several updates on the status of the company’s $35 Chromecast streaming device during the this evening’s Q4 2014 earnings call. Kordenstani first stated that users have “casted” content to their television more than one billion times. The company says that this is a huge milestone for the streaming stick and the implementation of the Cast functionality in a variety of different apps.

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