Sprint posted its fourth quarter earnings this morning, and they definitely painted a mixed picture of the company's financial position. On the one hand, the Alamo of unlimited data increased its subscriber base by 1.6 million in the last quarter, with big thanks likely owed to the addition of the iPhone to Sprint's lineup - giving them a significant advantage over their primary price point rival, T-Mobile.
Unfortunately, also because of the iPhone, the company managed a $1.3 billion net loss for the quarter, owed in large part to the massive cost of providing the device ($15.5 billion over 4 years) to customers at heavily subsidized price points. Read More
Assuming the Google/Motorola merger goes through, Google might want to rethink that whole hands-off approach to managing its new hardware company. According to Motorola's press release, the company saw a net loss of about $80 million, after $3.4 billion in revenue. It's not the worst loss in the world, but shareholders are never happy when they see red.
The tablet sales figures are bad, though. Motorola says in Q4 of 2011, it shipped 200,000 tablets. That is not a typo. Two hundred thousand tablets shipped. "Shipped," by the way, is corporate-speak for "sold to stores." This doesn't necessarily mean that customers bought all of those tablets. Read More
Sprint just released its Q3 earnings report, and while it's nothing to boast about, it does offer some encouraging numbers for the Now Network. Its operating revenue is up to $8.3 billion -- a slight jump up from this time last year. It also saw a major jump in wireless subscribers, adding 1.3 million new customers -- a five year high for the company. Out of the 1.3 million, 304,000 were post-paid, 485,000 were pre-paid, and 835,000 were wholesale. Sprint lost about 44,000 post-paid customers in Q3, which is a major improvement over last quarter when it lost a whopping 100,000 subscribers (ouch). Read More
They say that there are two sides to every story, and that certainly holds true for Sprint after they announced their second quarter 2011 results this morning.
Once again, the network has reported that in the course of Q2 2011 it has wrapped up more than 1 million net wireless subscriber additions, increasing their revenue from consumers. The quarter is also Sprint's fourteenth consecutive quarter of improved customer care satisfaction, showing that customers are enjoying the unlimited plans currently being offered.
“Sprint’s second quarter results, including our fourteenth consecutive quarter of improved customer care satisfaction, our best ever postpaid churn, more than 1 million net wireless subscriber additions and wireless service revenue growth, validate that our focus on providing simplicity, value and an unmatched customer experience is working,” said Dan Hesse, Sprint CEO.
Early this morning (or late last night if you want to get technical), Samsung made its quarterly earnings call, and the company's mobile division is doing quite well - profits are up 38%, thanks in large part to the Galaxy S line of phones.
Samsung managed to sell over 10 million Galaxy S handsets in 2010, comprising roughly a third of all the manufacturer's smartphone sales. Given the Galaxy S's global launch along with its premium hardware and fair pricing, it's no surprise that device has been a big hit. But what about the Galaxy Tab?
Since its release, the smallish tablet has received mixed reviews (though our own Aaron Gingrich thoroughly enjoyed it), and given its treatment by some of the major tech blogs, "mixed" is putting it politely:
This thing is just a mess.