Alphabet reported today in its annual earnings call that the company's fiscal Q4 was a bit of a dismal one, owing to a decision to provision a new tax on foreign assets ahead into the 2017 fiscal year. Basically, Google took a $9.9 billion tax hit in the last quarter of 2017, dramatically lowering the effective net income the company earned for the whole of the fiscal year.
Google lost $3 billion in Q4, but for 2017 overall, it managed net income of $12.7 billion on revenues of $110.8 billion. While net income is down versus 2016 ($19.5 billion), revenues are way up - around 23%. Read More
The last year has been rocky for Samsung with the recall of the Galaxy Note 7 and various legal woes in its native South Korea. And yet, the company has issued Q2 earnings guidance today that points to its highest profits ever. So, I guess people aren't holding any grudges after the Note 7 thing. Read More
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. Read More
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. Read More
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. Read More
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.