Hewlett-Packard on Wednesday reported its fiscal first-quarter earnings, which fell short of Wall Street’s expectations. Analysts expected the computer giant to pull in $30.75 billion and $0.87 per share, and while HP’s first-quarter earnings of $0.92 per share beat the Street’s consensus, revenue dipped 7% to $30 billion and missed estimates. “In the first quarter, we delivered on our Q1 outlook and remained focused on the fundamentals to drive long-term sustainable returns,” sa...

Qualcomm on Wednesday reported record earnings for the first quarter of fiscal 2012. The company took in $4.68 billion in revenue, up 40% year-over-year and 14% sequentially, beating Wall Street’s estimate of $4.58 million. Qualcomm’s net income of $1.4 billion was up 20% year-over-year and 25% over the fourth quarter. The firm also managed earnings of $0.97 per share, up 18% year-over-year and ahead of the Street’s EPS estimate of $0.90. Qualcomm boosted guidance for the full year, saying ...

Susquehanna issued a note to its clients on Wednesday in which the firm said it is increasing its iPhone shipment forecast for Apple’s first fiscal quarter. The company originally expected Apple to ship 27.1 million iPhones during the quarter but has revised that figure up to 30.3 million units. “The revisions are based on positive sell-through data combined with recent supply-chain checks, which suggests that earlier component constraints have largely been resolved and build plans have increased ...

Microsoft announced its fiscal first-quarter 2012 earnings on Thursday, the best first quarter the company has ever recorded. The Redmond-based software giant reported revenue of $17.37 billion, up 7% from the first quarter of 2011 and on a par with analyst estimates of $17.26 billion. Operating income for the quarter was $7.2 billion, up 1% from the same quarter last year and net income was $5.74 billion, or $0.68 per share, up 6% from the first quarter of 2011. “We saw customer demand across the bre...

Tablet shipments following the 2010 holiday season dropped by more than a quarter according to market watcher IDC, but the firm still raised its full-year forecast in its latest Worldwide Quarterly Media Tablet and eReader Tracker report. First-quarter 2011 tablet shipments were down by 28% sequentially according to IDC, due to iPad shipments that were “well below expectations.” Yet the firm has high hopes for Apple’s iPad 2 tablet in 2011, and it raised its full-year shipment estimates to 5...

Research In Motion on Thursday reported earnings for the first quarter of fiscal 2012. After cutting its first-quarter outlook at the end of April, RIM’s May quarter came in below analyst estimates. First quarter revenue came in at $4.9 billion versus the Street’s estimate of $5.5 billion, and device shipments totalled 13.2 million versus expectations of 13.5 million. Net income for the quarter was $695 million, down from $769 million in the same quarter a year earlier. Earnings per share in the f...

Shares of Best Buy stock jumped by as much as 7% Tuesday morning as the company reported results for the first fiscal quarter of 2012 that beat Wall Street’s expectations. In the quarter ending May 28th, Best Buy reported revenue of $10.9 billion, up 1% from the same quarter last year thanks to a 12% increase in online revenue. Gross profit slid 1% year-over-year to $2.77 billion and net income dropped 12% to $136 million, but the Street was expecting more of a hit as competition from online retailers ...

Speaking to reporters on Thursday, LG CEO Koo Bon-Joon said it would be difficult to turn around the company’s current struggle in the handset business during the second quarter. LG reported poor handset sales during the first quarter of the year — phone sales were down 9.2% year-over-year and 14.3% quarter-over-quarter, and shipments were down 10% year-over-year. Gartner also recently noted that LG’s share of the mobile phone market dropped two percentage points to 5.6% year-over-year. LG̵...

Does the number 36 mean anything to you? If you’re an Android fan it should. A report from analytics firm Gartner indicates that 36.3 million Android handsets were sold during Q1 of 2011 giving the mobile operating system a 36% share of all smartphones sold during that same period. An impressive figure on its own, but even more-so when considering that Android saw sales of 5.2 million units and held a 9.6% share of sales in Q1 just one year prior. Nokia’s Symbian operating system sold 27.6 million...

According to research firm Gartner, although Microsoft shipped 2 million Windows Phone units during Q4 of 2010, it sold 1.6 million units during Q1 of 2011.”Windows Phone saw only modest sales that reached 1.6 million units in the first quarter of 2011,” wrote Gartner. “Devices launched at the end of 2010 failed to grow in consumer preference and CSPs continued to focus on Android.” Gartner is, however, predicting big things for Microsoft’s smartphone operating system. By 2015, the analyti...

According to new data from IHS iSuppli, Apple’s smartphone market share increased 14.9% during the first quarter of this year — more than any other phone maker. The Cupertino-based company had a 19.2% grip on the smartphone market and shipped 18.6 million units during the first quarter. Nokia, the global smartphone leader, shipped 24.2 million units during the quarter and maintained a 24.9% share of the smartphone market, down 14.5% sequentially. RIM outperformed the market and shipped 14.8 million sm...

T-Mobile USA has just posted its first-quarter 2011 earnings report, and the results aren’t all that hot. While the nation’s fourth largest carrier did increase contract APRU to $52 — up $1 year-over-year — it posted a decline in virtually all other business vitals. T-Mobile posted 99,000 net customer losses — 471,000 contract net customer losses paired with 372,000 prepaid additions. T-Mobile’s 33.63 million customers generated $5.16 billion in revenue and $135 million in net income �...

Market research and analysis firm Canalys on Wednesday released its global country-level smartphone market share data for the first quarter of 2011. According to the firm’s report, Android continued to dominate the worldwide smartphone market as global shipments grew to 37.5 million units, giving Google’s mobile OS a market-leading 35% share of smartphone sales in the quarter. Nokia’s market share fell dramatically year-over-year from 39% in the first quarter of 2010 to just 24% last quarter...

HTC is getting the job done. The company reported Q1 earnings this morning, and the Taiwanese handset maker saw staggering growth in nearly all metrics. During the first-quarter of 2011, the company shipped 9.7 million units, a 192% increase from the same quarter last year and a 6% increase from the previous holiday quarter. The company also posted revenues of NT$104.16 billion, up 174% year-over-year and 0.1% quarter-over-quarter. Gross profits and total assets also jumped 162.2% and 75.1% respectively year...