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Financial Results

LG reports 37 percent increase in Mobile device shipments

LG reports 37 percent increase in Mobile device shipments

It looks like Apple isn’t the only company posting record numbers in 2009.  LG just reported their Q3 2009 financials and they had record revenues and operating profits despite the global recession.  Their Mobile Communications Company reported KRW 4.65 trillion (USD 3.75 billion) in sales, 21.9 percent higher year-over-year and an operating profit of KRW 390 billion (USD 314 million) with a margin of 8.4 percent. Handset sales accounted for KRW 4.38 trillion (USD 3.53 billion), up 24.8 percent from the same quarter in 2008, and operating profit reached KRW 384 billion (USD 309 million), resulting in a margin of 8.8 percent. Shipments of handsets saw an increase of 37 percent year-over-year and 6 percent quarter-over-quarter to 31.6 million units due to robust growth in emerging and European markets, thanks to products such as Cookie and messaging phones, despite a slight decline in unit sales in North America and Korea. Price erosion, along with increased sales of low-end handsets, resulted in lower profitability compared to the second quarter.

[Via LG]

Apple Thumbnail image for Apple sells another 7 million iPhones and increases profit by 47%

Apple sells another 7 million iPhones and increases profit by 47%

Apple has reported that there are now another 7 million fan boys worldwide thanks to better than expected sales of the iPhone 3GS over the past 3 months.  The news came in the Q4 2009 conference call where Apple shocked analysts and investors by reporting $9.87 billion in revenue and a quarterly profit of $1.67 [...]

sony ericsson Thumbnail image for Sony Ericsson posts Third Quarter loss of $245 million

Sony Ericsson posts Third Quarter loss of $245 million

This time last year Sony Ericsson posted a loss of $37 million and we began to see the first signs that the company was on a road to disaster.  This premonition became a reality today as Sony Ericsson saw a 40 percent drop in sales and a loss of $245 million during that same period [...]

Palm Thumbnail image for Palm shipped 823,000 smartphones in Q1 FY 2010

Palm shipped 823,000 smartphones in Q1 FY 2010

The first quarter of fiscal year 2010 results are in and Palm has finally given us a bit of insight on exactly how well the Palm Pre is doing.  According to the financial report, Palm shipped 823,000 handsets during the first quarter fiscal year of 2010 and most of these units were the Palm Pre.  [...]

motorola Thumbnail image for Motorola Reports Second-Quarter Financial Results

Motorola Reports Second-Quarter Financial Results

Motorola, Inc. (NYSE: MOT) today reported sales of $5.5 billion in the second quarter of 2009. The GAAP earnings from continuing operations in the second quarter of 2009 were $26 million, or .01 per share. The GAAP earnings from continuing operations includes net income of .02 per share from highlighted items, which are outlined in [...]

motorola Thumbnail image for Motorola Reports Second-Quarter Financial Results

Motorola Reports Second-Quarter Financial Results

Motorola, Inc. (NYSE: MOT) today reported sales of $5.5 billion in the second quarter of 2009. The GAAP earnings from continuing operations in the second quarter of 2009 were $26 million, or .01 per share. The GAAP earnings from continuing operations includes net income of .02 per share from highlighted items, which are outlined in [...]

O2

Telefónica O2 Germany Continued to Stay on the Growth Track in the Q1 2009

Telefónica O2 Germany continued to stay on the growth track in the first quarter of 2009 and increased its profitability based on sustained customer growth. The operating result (OIBDA) in the months of January to March amounted to € 202 million – an increase of 24 percent compared with the same quarter of last year. [...]

Sprint

Sprint Nextel Reports First Quarter 2009 Results

Sprint Nextel Corp. (NYSE: S) today reported first quarter 2009 financial results. The company generated $796 million of Free Cash Flow* in the quarter. As of March 31, 2009, the company had $4.5 billion of cash and cash equivalents and $1.4 billion of borrowing capacity available under its revolving bank credit facility, for total liquidity [...]

Verizon

Verizon Wireless 1Q 2009 Revenue, Earnings and Cash Flow

With 86.6 million customers thanks to the Alltel Wireless acquisition Verizon Wireless has reported its 1Q 2009 results.  Operating Revenues were down 3.8 percent compared with the first quarter of 2008, but the good news is retail customers represent 97 percent of the company’s base.  The addition of the BlackBerry Storm to the carrier’s lineup [...]

Palm

Tough Times Put Palm in the Red as Smartphone sales drop 13%

The Smartphone manufacturing game is a tough cookie to crumble and without relentless innovation and breathtaking design it is almost impossible to have worldwide success with every device launched.  Unfortunately many manufacturers over saturate the market with device line ups rather than focusing on just a handful of devices.  For Palm, they have incorporated a [...]

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