By:
Zach Epstein |May 9th, 2012 at 02:45PM
Amazon’s Kindle Fire tablet exploded onto the scene late last year. Despite only being available for a month and a half in the holiday quarter, Amazon shipped nearly 4 million Kindle Fires in its launch quarter to take 14% of the global tablet market according to market research firm IHS iSuppli. While many touted the tablet as the iPad’s biggest competitor, Apple’s CEO Tim Cook insisted that Amazon’s tablet had absolutely no impact on iPad sales. Now, in the first quarter of 2012 it l...
By:
Zach Epstein |May 7th, 2012 at 02:45PM
HTC’s new line of One-series smartphones launched on April 2nd in Europe and parts of Asia, but HTC’s performance hasn’t yet caught up to the impressive earnings it managed last year. HTC reported six consecutive months of record revenue in 2011 before increased competition from Samsung and the launch of Apple’s iPhone 4S began a steep slide that continued last month. HTC on Monday announced that its consolidated revenue for the month of April totaled NT$31.03 billion, or approximately...
By:
Zach Epstein |May 4th, 2012 at 02:40PM
Following the announcement of its next-generation flagship Galaxy S III smartphone, Samsung’s mobile boss JK Shin has revealed that the South Korea-based consumer electronics giant has its sights set sky high in 2012. According to Shin, Samsung is looking to sell 200 million smartphones this year, increasing its share of the global market to between 23% and 24%, up from 21.1% in 2011, MarketWatch reports. According to the latest numbers from market research firm Strategy Analytics, Samsung is well on i...
By:
Zach Epstein |Apr 27th, 2012 at 12:00PM
Samsung reported a blow-out first quarter on Friday as strong mobile phone sales helped the consumer electronics giant increase profits by 82% to a record 5.05 trillion won. The numbers were undoubtedly impressive as they stood, but market research firm Strategy Analytics helps us paint a broader picture of just how dominant Samsung’s mobile business was in the first quarter. On the smartphone side, Strategy Analytics estimates that Samsung sold a staggering 44.5 million smartphones into channels last q...
By:
Zach Epstein |Apr 27th, 2012 at 07:35AM
Samsung managed to top its pre-announced earnings when it reported results for the first calendar quarter of 2012 on Friday morning. The company reported a record operating profit of 5.85 trillion Korean won, up 98%, and a consolidated net profit of $5.05 trillion won, up 82% over the same quarter last year. Revenue came in at 45.27 trillion won, beating expectations. TV and semiconductor sales were down in the quarter, but any potential impact was offset by strong sales of high-margin display panels and m...
By:
Dan Graziano |Apr 25th, 2012 at 11:55PM
Huawei, the world’s sixth largest mobile phone vendor, said on Wednesday that it expects to ship more than 100 million mobile phones in 2012, including 60 million smartphones, Reuters reported. The Chinese company sold a total of 55 million handsets, including 20 million smartphones, in 2011 and is now looking to increase its global market share with a focus on key markets. “We plan to target China, the United States, western Europe and Japan as key markets,” said Shao Yang, chief marketing ...
Breaking
By:
Zach Epstein |Apr 24th, 2012 at 04:30PM
After a rough month that saw Apple’s stock tumble nearly $90 from a high of $644 earlier this month to as low as $555.18 on Tuesday, Apple reported its earnings for the second fiscal quarter on Tuesday after the market closed. Following a last-minute round of panic that swept Wall Street, Apple posted a net profit of $11.6 billion, or$12.30 per share — up 94% year-over-year — on revenue of $39.2 billion, crushing the Street’s consensus. Analysts were expecting earnings of $10.06 per share on...
By:
Zach Epstein |Apr 24th, 2012 at 10:00AM
Apple’s stock continued to slide on Tuesday morning as some analysts suggest AT&T’s earnings point to a possible rare miss for the Cupertino, California-based company. Wall Street expects Apple to report iPhone channel sales of 32 million units when it posts its earnings after the market closes on Tuesday, but several analysts have made last-minute adjustments to their estimates following AT&T’s earnings report on Tuesday morning. (more…)
By:
Zach Epstein |Apr 20th, 2012 at 10:45AM
4G LTE devices are apparently so hot this year, Sprint is selling LTE phones without a network to support them. Sales of 4G-equipped smartphones, tablets, portable hotspots and other devices are set to explode in 2012 as carriers continue to expand 4G coverage and roll out new networks. In a recent report, market research firm ABI Research said that 4G device sales will balloon nearly 300% to 87 million units in 2012. ABI notes that higher prices are still a barrier to 4G devices in some regions, however, an...
By:
Zach Epstein |Apr 18th, 2012 at 09:50AM
Microsoft and its partners have seemingly set some very lofty goals for Windows 8. Citing multiple anonymous sources at various unnamed Taiwan-based original device manufacturers, DigiTimes on Wednesday reported that Windows and Intel want top-tier vendor partners to launch an all-out assault on Apple’s iPad. The iPad’s share of the tablet market currently sits at 70% according to the report, but Microsoft and Intel want to push that figure down to 50% by the middle of next year. If earlier repor...
By:
Zach Epstein |Apr 9th, 2012 at 10:30AM
Following a huge week that saw Apple’s stock climb above $630 amid a fresh round of analyst upgrades, one analyst isn’t sold on the notion that smooth sailing is assured in the immediate future for the world’s most valuable company. BTIG Research analyst Walter Piecyk thinks Apple is set to report blowout earnings for the second fiscal quarter — he sees Apple earning $10.75 per share on sales of $40 billion in the quarter, versus Wall Street’s consensus of $9.81 and $36 billion — b...
By:
Zach Epstein |Apr 6th, 2012 at 07:50AM
HTC on Friday reported unaudited earnings for the first quarter, revealing an extremely rocky start to the new year. The company warned that its first quarter results would see decline as the Taiwan-based vendor prepared to launch its new flagship smartphones, and preliminary numbers are in line with HTC’s earlier forecast. Revenue of NT$67.8 billion in the first quarter is down 35% from the same period last year, and HTC posted an after-tax profit of just NT$4.7 billion, down 70% year-on-year. HTC hope...
By:
Zach Epstein |Apr 5th, 2012 at 10:10AM
Reviews of Nokia’s new Lumia 900 smartphone have been mixed. We thought the sleek handset was a breath of fresh air for Microsoft’s Windows Phone platform when we reviewed the phone earlier this week, but a number of other sites found the software to be lacking. Now, bears at two investment firms have weighed initial reactions to the Lumia 900 and determined that this smartphone likely won’t be the savior Nokia needs to gain significant ground in the United States. Read on for more. (more...
By:
Dan Graziano |Mar 29th, 2012 at 11:15PM
The International Data Corporation on Wednesday announced that shipments of smart connected devices —including PCs, tablets and smartphones — reached 916 million units and surpassed $489 billion in revenue in 2011. “Whether it’s consumers looking for a phone that can tap into several robust ‘app’ ecosystems, businesses looking at deploying tablet devices into their environments, or educational institutions working to update their school’s computer labs, smart, connected, comp...