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Nokia N97 sells two million units in three months, Nokla sells two dozen

by Joseph L. Flatley posted Sep 4th 2009 @ 5:13PM

Well, maybe Nokia recently announced a 66 percent yearly drop in Q2 profit. And perhaps N97 reviews have been, how we say, less than stellar. But there definitely seems to be a fan base for the handset: according to Mobile News, sales of both this guy and the 5800 XpressMusic combined to total 10 million in the last 10 months, with sales for the former adding up to a whopping two million since its launch three months ago. In fact, half of the XpressMusic sales were generated since the launch of the N97 -- certainly suggesting that the younger sibling successfully raised the company's profile and brought its fellow handset along for the ride. Does this make Nokia the "undisputed leading player in the smartphones space," as the company's chief executive Olli-Pekka Kallasvuo put it? By sheer volume of devices, perhaps -- but mindshare continues to be a problem that we're guessing they're eager to see if Maemo 5 and the N900 can solve. The CEO of Nokla could not be reached for comment.

[Thanks, David D]

Research finds iPhone hurting operators, Boy George unavailable for comment

by Darren Murph posted Aug 17th 2009 @ 2:31PM

We've long since known that Apple (as opposed to AT&T) was getting the better end of the pair's exclusive partnership here in America, but new research from Strand Consult has found that the situation is fairly similar all around the globe. According to the report, nary a one of the telecom operators it studied had seen a boost in market share, revenue or earnings as a result of introducing the iPhone, and some carriers even issued profit warnings due to the heavily subsidized handset. The study goes on to shed pity on firms like SingTel and TeliaSonera, both of which are purportedly seeing margins and ARPU (average revenues per subscriber) sink due to Apple's darling joining the fray. But really, we can't help but express our doubts about the all encompassing, almost sensationalized nature of this; we've watched AT&T's profits soar ever since it snagged the iPhone, and considering that every iPhone buyer also coughs up a significant monthly fee for a data plan, we can't imagine revenues tanking that severely. Or, you know, maybe we're all just getting a really good deal on our bloated iPhone plans.

Continue reading Research finds iPhone hurting operators, Boy George unavailable for comment

Sony Ericsson posts $299 million Q2 2009 loss, PlayStation-integrated phone (probably Aino) coming Q4

by Ross Miller posted Jul 16th 2009 @ 1:09PM

The good news, if you want to call it that, is that Sony Ericsson's most recent quarter loss is not as bad as its epic $382 million tab prior, and at this point there's no talk of further en masse job cuts. That said, this new report isn't exactly sunshine, and the Q2 results show a 213 million Euro ($299 million) net loss. Product shipments were around 13.8 million, down 43 percent compared with last year. Some blame is attributed to the focus on mid-tier feature phones in lieu of a greater smartphone push -- SE says it's working to correct that direction, but its higher end devices won't hit until fourth quarter. One interesting note is that one of those late-year handhelds is said to "integrate with PlayStation," but before you get excited over the oft-rumored PSP phone, we'd venture to say it's more likely that description's referencing the Remote Play-supporting Aino. From what we can tell, there's no indication of what's in the cards to improve Q3, so we won''t exactly be surprised if the story repeats itself three months from now.

Huawei ignores downturn, grows profit in 2008

by Chris Ziegler posted Apr 26th 2009 @ 8:34AM

"Loss" is a buzzword in the last couple quarters' worth of earnings reports from virtually every major manufacturer, but Huawei has somehow managed to operate in some bizarro La-La Land seemingly immune from the economic disaster unfolding around it. In 2008, the private Shenzhen-based firm posted an annual net profit of $1.15 billion, up some 20 percent from the year prior; it lost $776 million in the process due to the yuan's gains against the dollar, but that's still extraordinarily impressive. Interestingly, a majority of Huawei's business comes from outside China, suggesting that carriers around the world are looking outside traditional infrastructure suppliers like Ericsson, Alcatel-Lucent, and Nokia Siemens to save a few bucks -- notably including Cox for its upcoming 700MHz buildout. 2009 might be a bit weaker thanks to soft demand in Europe, but still, they're predicting a whopping 29 percent growth in contract wins. Good to see some serious success in a down market, isn't it?

[Via mocoNews]

Sony Ericsson posts epic quarterly loss, adds another round of job cuts

by Chris Ziegler posted Apr 18th 2009 @ 8:44AM

Some good news, please, Sony Ericsson? Anything? Perhaps a surprise Idou ship date? You desperately need something to counter this dismal quarterly report you just dropped on a bad news-saturated public, showing a net loss of €293 million (about $382 million) in the three-month period ending March 31 -- more than €100 million more than the amount you shed in the quarter prior. Despite reassurances to the contrary, we suspect that neither Sony nor Ericsson are prepared to tolerate red ink out of their joint venture forever, and it doesn't help that you've put Android on the back burner indefinitely. What's more, we thought your staff might be able to exhale now that the "cost saving program" to curtail spending by €300 million by cutting 2,000 jobs is complete, but you've coupled the bleak report with the announcement of an additional 2,000 cuts. Your shipped units are off a staggering 35 percent year over year, to boot; maybe the "good" news -- and we're really reaching here -- is that your European rivals are sharing in your pain right about now. Chins up, guys, and get some quality product out of the labs.

Nokia's profits drop 90% in Q1 2009

by Darren Murph posted Apr 16th 2009 @ 9:24AM

So, there's good news and bad news here, and we're opting to go against tradition by dishing out the positive first. Nokia just pushed out its Q1 2009 results, and while many firms have been struggling to stay afloat, at least it managed to turn a profit of €122 million ($160 million). That said, it's still looking at a staggering 90 percent drop in profits compared to its first quarter of 2008, where it raked in a mind-boggling €1.222 billion ($1.6 billion). Not surprisingly, sales were also down 27 percent to €9.28 billion ($12.2 billion) from €12.7 billion ($16.7 billion). Of course, Nokia's far from being alone in having to showcase less-than-beautiful Q1 numbers, but in reality, the damage could've been much worse; in fact, shares of the company's stock inched up by 8 percent following the reveal, as many had feared an even more significant decline. All in all, Nokia's still holding strong to a 37 percent market share worldwide, and if CEO Olli-Pekka Kallasvuo has anything to do with it (hint: he does), things should be on the up and up here soon.

[Via BBC]

RIM selling gobs of BlackBerrys, profits just so-so

by Darren Murph posted Feb 12th 2009 @ 2:09PM

Just under a week ago, we found that RIM had sold its 50 millionth BlackBerry, and while that's all fine and dandy, Wall Street only cares about what you've done for it lately. Thus, traders were none too pleased to hear Research In Motion suggest that its fourth fiscal quarter earnings would come in at the low-end of expectations despite anticipating a higher-than-forecast number of new subscribers. So, what's it all mean? In simple terms, it appears that RIM's making less off of each phone sold, with Todd Coupland of CIBC Capital Markets surmising that the firm may simply be selling more of its lower-priced devices. And honestly, that makes perfect sense given the economy. Still, we can think of much, much darker places for RIM to be in than this, and these days, just coming out in the black is a victory.

[Via Wall Street Journal]

NTT DoCoMo sees 16% uptick in nine-month operating profit

by Darren Murph posted Jan 30th 2009 @ 5:11PM

Given just how poorly most every other ~~carrier~~ company has been doing, we can't imagine the suits at NTT DoCoMo frowning about this. The Japanese wireless carrier has just outed its earnings for the nine months ending December 2008, and while the tail end was expectedly less-than-awesome, the nine month snapshot wasn't too shabby. Net income slipped 30 percent in October to December to $1.01 billion compared to $1.45 billion in the same window a year earlier, but a 16 percent increase in net profit (from $4.2 billion to $4.8 billion) was realized in the April to December '08 time frame. Moving forward, the company noted that its ongoing strategy was to "cut back on handset subsides and put the savings toward reducing tariffs had helping the company to retain customers" -- a mantra that was shared a few months earlier. For those hungry for more data points, give that read link a poke.

The Man can't hold HTC down as it sees highest revenues ever

by Darren Murph posted Dec 9th 2008 @ 2:32PM

For the vast majority of mobile makers, the past few months have been ones they'd love to forget. For HTC, it could actually throw a party in remembrance. The outfit responsible for the Touch Pro / Diamond, Touch HD and T-Mobile G1 (among others) has reportedly witnessed its revenues skyrocket to a record high of around $528.6 million in November, which is up nearly 11% sequentially and 22.1% on the year. Oh HTC, just think how much higher that figure would be if you'd loose the Touch HD on US soil...

[Via WMPowerUser, image courtesy of CNET]

Softbank's operating profit hits record high, iPhone thanked

by Darren Murph posted Oct 29th 2008 @ 6:41PM

Nah, Softbank Mobile's launch of the iPhone isn't entirely to thank for the carrier notching record operating profits this quarter, but it certainly didn't hurt matters. Noting that Apple's darling "pulled in more mobile subscribers," the company reported an operating profit of ¥180 billion ($1.85 billion), though net profit did slide 11.5% to ¥41.1 billion ($422.2 million). In fact, Softbank president Masayoshi Son proclaimed that he used an iPhone every day, telling the press that it was "useful, and the more that [he] uses it, the better [he] understands its strong points." Of note, the operator's retention of mobile phone customers "has also improved with the iPhone," and while income from voice calls continues to drop, earnings from data services were on the up and up. Data, kids -- that's the future!

[Via mocoNews]

Nokia lowers Q3 outlook on tough competition, product slip

by Chris Ziegler posted Sep 8th 2008 @ 1:06AM

2008 has generally treated Espoo pretty well, but every rose has its thorn -- and for Nokia, that thorn might just end up being the third quarter. The company has now revised its Q3 market share estimate downward, now predicting a slip from Q2 rather than the flat line it'd been suggesting before; cited reasons include a "tactical decision to not meet certain aggressive pricing of some competitors," generally fierce competition (particularly on the low end), and the delayed launch of an unnamed midrange handset. In justifying its failure to meet market pricing head-on in every market segment, Nokia says it's only going to play that game where it thinks it's profitable to do so, and for what it's worth, it still expects to ship about 10 percent more devices in 2008 than it did in 2007. What's more, they say they expect to meet the rest of their expected launch dates in '08 -- so it looks like every night has its dawn after all.

[Via mocoNews]

Analyst takes new line with Motorola after decent quarter

by Chris Ziegler posted Aug 20th 2008 @ 11:05AM

It's amazing the kinds of neat things that can happen once you manage to turn lemons into even just a drop or two of bittersweet lemonade. Take Motorola, for example: a manufacturer that's fallen on hard times by even the loosest definitions manages to turn a sliver of profit for itself, and boom, suddenly you've got yourself a shiny new CEO and a smiling analyst or two. Jim Suva of Citi Investments seems to be going to bat for Moto at a time when everyone was just about ready to abandon ship, saying that the most recent earnings announcement represented the "early innings a gradual steady improvement", expressing confidence that new CEO Jha's hiring was a good thing, and hooking up the company's stock with a "buy" rating. 'Round here, we judge a company's success mainly by the greatness of its hardware, but you need solid financials to fund the R&D to make said hardware happen -- so we suppose this really could be a solid start to a genuine turnaround.

Softbank's operating profit climbs 8.1%, isn't good enough

by Darren Murph posted Aug 6th 2008 @ 11:12PM

Seen exclusively, an 8.1% rise in operating profit is pretty remarkable. But when you consider that rival NTT DoCoMo just posted a 41% boost in profits... well, you get the point. Unsurprisingly, Softbank was able to increase its profits by reducing the amount of subsidies it applied to phones -- which obviously led to fewer new handset sales overall -- but analysts were still perturbed by the amount of discounts it did hand over. Reportedly, the street was expecting operating profits to top ¥86.1 billion ($805.7 million), but the outfit wound up missing the mark by a cool billion yen ($9.36 million). As for the iPhone 3G influence? Gotta wait 'til next quarter, bub.

[Via mocoNews]

Mobile phone sales drop 20% in Japan on less bountiful carrier subsidies

by Darren Murph posted Aug 5th 2008 @ 7:42PM

It doesn't take a finance major to figure out these two things are correlated, but yes, the fact that NTT DoCoMo saw profits increase some 41% while handset sales across Japan plummeted 20% do in fact have a common link. You see, DoCoMo (among others) has decided to lower rates and reduce subsidies in order to better exploit market conditions; the end result is that consumers are buying new handsets less often, leading to decreased sales for firms like Sharp and Matsushita. Many analysts are suggesting that some of the smaller outfits are likely to band together in an attempt to take on the new market, with IDC analyst Michito Kimura proclaiming that Japan would have "fewer mobile phone makers, fewer handset sales agents and fewer cellphone models." Hard to say if that's a net positive or negative just yet, but it should be interesting to watch, regardless.

[Via mocoNews, image courtesy of Flickr]

Motorola manages minuscule profit, clings to bronze medal

by Darren Murph posted Aug 2nd 2008 @ 10:03AM

It has been a solid tick since Motorola had a quarterly earnings report that it didn't just send over via the paper airplane method and run for the hills, but the most recent one was actually worth cracking a smile over. After moving more mobiles in North America than it expected too, shares shot up 13% and bullish analysts began to think that the worst was over. Chief Executive Greg Brown noted that Moto will be "adding substantially to its product portfolio" here in the near future, which will hopefully enable it to get a stronger grasp on the number 3 handset maker ranking. During the most recent quarter, the outfit shipped 28.1 million phones to just barely maintain its market share lead over LG, though it remains to be seen if it can keep this up. No pressure Moto, no pressure at all.

[Via RCRWireless]