Google reports huge Q3; revenue up 33%, profit up 26%

By on October 14, 2011 at 2:20 AM.

Google reports huge Q3; revenue up 33%, profit up 26%

Google announced its third quarter 2011 results on Friday, which surpassed analyst expectations. “We had a great quarter,” Google CEO Larry Page said. “Revenue was up 33% year on year and our quarterly revenue was just short of $10 billion,” Page explained, noting that the company’s brand new Google+ social network now has more than 40 million users. To clarify Page’s statement, the company’s revenue was $9.72 billion, up from the $7.29 billion reported during the third quarter of 2010. Operating income was $3.06 billion, up from the $2.55 billion in operating revenue reported during the same period last year. Net income for the quarter was $2.73 billion, up from the $2.17 billion in the third quarter of 2010. Google’s Cost-Per-Click, which includes advertisements on Google’s sites and from its AdSense partners, increased 5% year-over-year and declined 5% consecutively. The Internet giant also said it now has $42.6 billion in cash. Google did not discuss figures related to its Android operating system. Read on for the full press release. More →

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HTC posts stellar quarter; revenues up 104%, 12.1 million handsets shipped

By on July 29, 2011 at 10:01 PM.

HTC posts stellar quarter; revenues up 104%, 12.1 million handsets shipped

HTC posted impressive second-quarter results on Friday noting that its revenues of NT$12.4 billion ($4.3 billion) were up 104% year-over-year and up 19% over the first quarter. The Taiwanese phone maker’s shipment total of 12.1 million devices during the quarter was up 24% year-over-year and 25% quarter-over-quarter. The company also noted that it shipped a total of 21.8 million devices during the first half of the year, a big jump from the 8.7 million it shipped during the first half of 2010. HTC noted that much of its growth came from the Americas, Europe and Asia. The average selling price of an HTC smartphone is currently $349, down from the average price of $359 last quarter thanks to new entry-level handsets. HTC expects its third quarter revenue to jump 10% quarter-over-quarter and 90% year-over-year, and plans to sell “around” 13.5 million handsets. Read on for a link to the PDF of HTC’s second quarter results.
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LG’s 2011 lineup leaked, includes Fantasy, Victor, Gelato, more

By on July 23, 2011 at 6:30 AM.

LG’s 2011 lineup leaked, includes Fantasy, Victor, Gelato, more

LG has struggled to grab consumer interest the way Samsung has with its Galaxy S and Galaxy S II smartphones, and it doesn’t look like the manufacturer has a worthy competitor in the pipeline just yet. PocketNow purportedly leaked LG’s entire 2011 portfolio and while there are several attractive devices that run Android and Windows Phone, there is nothing that really blows us away. The lineup includes the following devices:

  • LG Prada K2 - An Android 2.3 (Gingerbread) smartphone with a 4.3-inch NOVA display, 16GB of storage, and support for 21Mbps+ networks.
  • LG Univa – An Android 2.3 device that is equipped with an 800MHz processor and a 3.5-inch HVGA display.
  • LG Fantasy - A Windows Phone Mango-powered device that could make its debut in the fourth quarter of this year. Renders of the phone suggest that it will offer a large display, but other hardware specs are currently not available.
  • LG Victor – A mid-range Android Gingerbread device with a 3.8-inch OLED WVGA display, a 5-megapixel camera and a 1GHz processor.
  • LG Gelato - A device that may land on Sprint with the model number LS685, a version of the Gelato will reportedly offers support for near-field communications (NFC). It’s equipped with  a 3.2-inch HVGA display, a 3-megapixel camera and an 800MHz processor.

PocketNow also revealed two more devices, the LG K and the E2, but little is currently known about them. We’re assuming that LG also has some more high-end handsets up its sleeves that it’s currently keeping closer to the vest — after all, the LG Thrill 4G (Optimus 3D), offers a high-end dual-core processor. Why would the manufacturer take a step backwards and just release a half-dozen mid-range handsets?

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Microsoft reports blow-out Q4, record year on Xbox sales

By on July 22, 2011 at 2:01 AM.

Microsoft reports blow-out Q4, record year on Xbox sales

Microsoft released its fiscal fourth-quarter earnings on Thursday and noted that its revenue of $17.73 billion was greater than any other fourth quarter in the company’s history. The Redmond-based firm also reported $69.94 billion in revenue for the fiscal year — also a record — up 12% from 2010. The company’s Entertainment & Devices division was particularly successful, reporting 30% growth in revenue for the fiscal fourth quarter and 45% for the entire year thanks to Xbox Live, the Xbox 360 game console, and the Kinect controller. “Throughout fiscal 2011, we delivered to market a strong lineup of products and services which translated into double-digit revenue growth, and operating margin expansion,” said Peter Klein, chief financial officer at Microsoft. “Our platform and cloud investments position us for long-term growth.” Read on for Microsoft’s full press release. More →

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iPad HD could launch in September alongside iPhone 5

By on July 7, 2011 at 10:15 PM.

iPad HD could launch in September alongside iPhone 5

According to Thisismynext, Apple is prepping to launch a brand new iPad — in tandem with the iPhone 5 deployment — this fall. The rumor mirrors a report from FBR Capital markets analyst Craig Berger, who said in a note to investors on Wednesday that Apple will release a higher-end version of the iPad 2 with a display that offers a higher pixel density. The device will reportedly be called the “iPad HD” and will sport a double resolution 2048 x 1536-pixel screen. Apple plans to market the iPad HD as the “pro” model in its tablet family, and like the MacBook Pro family, it might be marketed towards the videographer and photographer crowds, which need need more muscle out of their machines. Those professionals will be happy to hear the second part of the rumor, too: the iPad HD could launch with a new mobile version of Aperture or Final Cut. More →

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Nokia stock plummets as company lowers second-quarter, full-year guidance

By on May 31, 2011 at 5:50 PM.

Nokia stock plummets as company lowers second-quarter, full-year guidance

Shares of Nokia stock plummeted by as much as 12% on Tuesday as the Finnish cell phone maker lowered its second-quarter and full-year guidance for the 2011 calendar year. Nokia said competitive dynamics and market trends across multiple price categories will cause net sales of its devices and services to fall “substantially below” its previous projections of between €6.1 billion and €6.6 billion in the second quarter. The company also set operating margin will be well blow previous guidance, which sat between 6% and 9%. Nokia also stated that its full-year guidance is no longer valid. “Strategy transitions are difficult. We recognize the need to deliver great mobile products, and therefore we must accelerate the pace of our transition,” said CEO Stephen Elop in a statement. “Our teams are aligned, and we have increased confidence that we will ship our first Nokia product with Windows Phone in the fourth quarter 2011.” Nokia’s full press release can be seen below. More →

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Windows Phone 7.1 ‘Mango’ update to land this fall

By on May 24, 2011 at 10:10 PM.

Windows Phone 7.1 ‘Mango’ update to land this fall

Microsoft on Tuesday unveiled its forthcoming major update to its Windows Phone platform — Windows Phone 7.1 “Mango.” We gave you live coverage of the event as well a hands-on look at the update, and now that the dust has cleared we can finally sit down and collect ourselves. In short, Mango looks awesome. We’ve seen plenty of promise in the Windows Phone platform right from the start, but we also thought Microsoft rushed the OS to market — understandably — and a lot of key features and functionality were missing as a result. Mango goes a very, very long way in bringing the emerging platform up to date, and Microsoft has named HTC, LG, Samsung, Dell, Acer, Fujitsu Limited, ZTE Corporation and of course Nokia as partners moving forward. Windows Phone 7.1 will be the launch platform for upcoming Windows Phones from Nokia, by the way, and Microsoft confirmed that Nokia has already built devices running Windows Phone 7.1 that are currently being tested in its labs. Mango will add more robust multitasking support, messaging threads, deeper social integration, a unified email inbox, voice-to-text and text-to-voice support, and about 500 other enhancements to the Windows Phone platform when it launches this fall. Hit the break for Microsoft’s full press release along with a video of some of the new features Mango will bring to the Windows Phone platform. More →

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36% of smartphone purchasers the world over chose Android in Q1 of 2011

By on May 19, 2011 at 9:21 PM.

36% of smartphone purchasers the world over chose Android in Q1 of 2011

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 units in Q1 and Apple’s iOS accounted for 16.9 million of the 100.8 million total smartphone units sold. Moral of the story: Android is killing it. The full report is after the break. More →

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The power of Google’s Android ADK on display: two-ton labyrinth [video]

By on May 11, 2011 at 2:30 AM.

The power of Google’s Android ADK on display: two-ton labyrinth [video]

During the company’s I/O keynote today, Google announced a new and powerful accessory design kit (ADK) that aims to merge the physical and digital worlds. Using the ADK and a hardware interface, developers can allow digital devices to manipulate physical objects. To illustrate this point, Google constructed a two-ton labyrinth right on the show floor. Using the gyroscope on a Motorola XOOM tablet, conference goers were able to try their hand at manipulating a bowling ball through the over-sized maze. Other potential uses for the technology ranges from turning lights and appliances on and off to providing physical alerts for digital events — why have your phone make an audible alert when it could move or manipulate a physical object in your home or office? The possibilities are endless, but this giant board was just too cool to not share. Hit the jump to watch a video of the big boy in action. More →

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Apple chews away at Nokia, posts best smartphone share growth in Q1

By on May 10, 2011 at 11:11 PM.

Apple chews away at Nokia, posts best smartphone share growth in Q1

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 smartphones, placing it in third place with a 15.2% share, up 4.2% sequentially. It was followed by Samsung (13% share, 12.6 million units shipped), and HTC (9.9% share, 9.6 million units shipped). “Apple’s smart phone market share in the first quarter was boosted by the introduction of its first iPhone model with [CDMA] as well as by the addition of Verizon Wireless as a carrier in the United States,” said Tina Teng, senior analyst, wireless communications, for IHS. “Not only did this allow Apple to expand its target market and boost shipments, it also placed additional pressure on rival smart phone brands—including Motorola, Samsung, LG and HTC—that focus on Verizon Wireless as a major customer.” Hit the jump for the full release. More →

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