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Articles Tagged:

earnings

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Samsung estimates it'll lose around $3.1 billion in the next two quarters because of the Galaxy Note7

The Galaxy Note7 has been an absolute disaster for Samsung; although it was an excellent smartphone, its tendency to catch fire pretty much negates all of the praise that was heaped onto it. Case in point: Samsung's now estimating that the Note7's recalls and subsequent cancellation will cost them about $3.1 billion over the next two fiscal quarters.

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As Samsung announces big profits, LG's mobile unit loses $132 million in Q2 due to slow G5 sales

LG's mobile business has regularly been on the knife's edge of profitability over the years, and after last year's lackluster G4, the company likely hoped the more adventurous G5 would help pay the smartphone arm's bills and, perhaps, even deliver a profit to the unit. Unfortunately, according to LG's Q2 2016 fiscal results released today, that effort has not paid off.

LG Mobile reported an operating loss of $132 million for the second quarter, the first full fiscal quarter the G5 was on sale in major markets (it launched April 1st here in the US). This is especially dismal given that it marks only a very modest improvement over LG's Q1 results for its mobile unit, which saw losses of around $168 million.

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Gmail Hits 1 Billion Monthly Active Users, According To Sundar Pichai During Alphabet Earnings Call

During Alphabet's first earnings call this afternoon, Google CEO Sundar Pichai commented that as of this month, Gmail now officially has one billion monthly active users. That's a lot of Gmail.

The Gmail app for Android, by comparison, hit one billion installs a little over 20 months ago, back in May of 2014. And that was two years after Gmail became the most popular email service on the planet. When that occurred in 2012, Google reported around 425 million MAUs for Gmail, meaning the service has grown its active user base twice over in around three-and-a-half years.

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T-Mobile Passes Sprint To Become The Third Largest Carrier In The US with 59 Million Subscribers

T-Mobile and its bombastic CEO John Legere have been making waves in the US wireless industry, and consumers have been taking notice. According to the latest quarterly earnings report filed by T-Mo, the carrier is now larger than its competitor Sprint, making it the number three runner in America. T-Mobile claims 58.9 million subscribers in the US as of July, narrowly besting Sprint's reported number of 56.8 million from today. T-Mobile has added at least a million customers each quarter for the last nine quarters, and 2.1 million in the last three months.

In truth, T-Mobile may have actually passed this milestone some time ago.

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Sprint Loses $1.3 Billion In Fourth Quarter, But Gains 1.6 Million Subscribers

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.

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Motorola Announces Q4 Earnings: Only 200k Tablets Shipped, $80m Loss

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.

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Sprint Posts Q3 2011 Earnings Report - Biggest Jump In Wireless Subscribers In Five Years, Still Reported A Net Loss Of $301 Million

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).

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Sprint Posts Q2 2011 Results Boasting 1 Million Additional Subscribers, Still Makes Net Loss Of $847 Million

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.

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Samsung Releases Figures For 2010: Over 10 Million Galaxy S Phones Sold, Tab Sales Mysteriously Absent

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.

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