If you're a regular reader, you probably know how most of us feel about Snapchat. I actually used to use it pretty often, but as the app became increasingly bloated and sluggish, my friends and I defected to other services or just stopped altogether. Q3 financials are in, and although Snapchat lost a further two million users, there are some signs of a recovery.
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Following T-Mobile and Sprint finally agreeing on a merger, the 'un-carrier' has released its earnings report for the first quarter of 2018. T-Mobile has been reporting consistent growth for years at this point, so it should come as no surprise that the carrier gained 1.4 million subscribers in Q1. This marks the 20th quarter in a row that T-Mobile reported a net growth of over one million customers.
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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%.
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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.
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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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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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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.
Thanks a billion for helping us make Gmail better and better!https://t.co/Rd82YqwGjl
— Gmail (@gmail) February 1, 2016
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 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 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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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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