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Tag: earnings

  • Apple Q3 2018 Results Impressive, Dual SIM iPhones Due This Year

    Apple Q3 2018 Results Impressive, Dual SIM iPhones Due This Year

    Started in the backyard toolshed of Steve Jobs’ parents’ house, Apple is now one of the top brands in the world. Apple started the smartphone trend with the first iPhone. However, it was the iPhone 3GS which raked up the most sales in 2009. On 31st July 2018, Apple released a report for its Q3 revenue, revealing that the company has earned record profits. The company was able to achieve 17% more revenue than last year. Apple sold 41.3 million iPhones, 11.553 million iPads, and 3.72 million Macs. The total profits earned by the company stands at a whopping US$11.5 billion.

    Apple
    iPhone X

    The majority of profits earned by the company is through the sales of iPhones, iPads, and Macs accounting for US$53.3 billion worth of the company’s revenue, while its services like Apple Music, accounted for US$9.548 billion. With that said, iPhones led the overall sales of US$29.906 billion out of the total US$53.3 billion. Apple predicts that it may collect revenue between $60 billion and $62 billion in the Q4 of 2018. For reference, the revenue earned from the company’s services alone is 37% more than the last year’s  US$7.266 billion.

    Also ReAD: Spotify Lite Being Tested For Emerging Markets Like India

    Apple

    Since Apple’s event is hardly a month away, the company may be launching dual-SIM iPhones. Dual SIM phones are popular in developing and growing markets like India and China. These markets have also become the key sales places for Apple. The launch of dual-SIM iPhones will not only cater to the public demand but also help improve the smartphone’s sales. According to the recent leaks, the company might also be planning to release two iPhones this year with a 6.5-inch “alleged” iPhone X Plus and a 6.1-inch iPhone 9, with the latter in all likelihood being the cheaper smartphone of the two. Furthermore, the company is planning to bring an update for the HomePod, which is a wireless speaker with inbuilt Siri, Apple’s virtual assistant. 

    Apple
    HomePod

    HomePod works in a similar way as the Amazon Echo or the Google Home speakers, it can be used as a conventional wireless speaker but it also has all the capabilities of Siri built-in. With the new update of iOS 12 beta, users will now be able to make and receive calls with the HomePod as the default audio output source. Earlier in iOS 11.4, users had to manually change the source during a call to set the HomePod as the audio output in. The iOS 12 update will also bring improvements to Siri’s general knowledge base and the ability to set multiple timers. With this update, the HomePod will also be closely integrated with the Macs running on Mojave. 

    Apple has undoubtedly had a great impact in shaping the future of smartphones with its iPhone lineup. Apple has been at the forefront of bringing feature-rich smartphones, albeit at a hefty price. Thus, it will be interesting to see how Apple actually performs in the Q4 despite its sale projections.

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  • Apple Posts $ 10.5 Billion Profit This Quarter

    Apple Posts $ 10.5 Billion Profit This Quarter

    While most companies are struggling to get any sales, Cupertino electronics giant Apple just posted a net profit of $ 10.5 Billion. Although, lower than last year’s income of $13.6 billion Apple is still going strong.

    The Company posted lower quarterly revenue of $50.6 billion which compared to revenue of $58 billion, in the year-ago quarter, is not a big drop.

    “Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO.

    We generated strong operating cash flow of $11.6 billion and returned $10 billion to shareholders through our capital return program during the March quarter,” said Luca Maestri, Apple’s CFO.

    Apple also means to give back to its shareholders, The company has authorized an increase of $50 billion to the Company’s program to return capital to shareholders. Under the expanded program, Apple plans to spend a cumulative total of $250 billion of cash by the end of March 2018

  • Apple Reports Quarterly Profit of $18.4 Billion, Sets New Record

    Apple Reports Quarterly Profit of $18.4 Billion, Sets New Record

    Another year another record quarterly earnings by Apple. The Cupertino-based giant announced their fiscal first quarter earnings ended December 26, 2015. A record quarterly revenue of $75.9 billion with a profit of $18.4 billion, the largest in history. This is a little over than the numbers Apple raked in the same quarter the year before, which was the largest ever recorded by a single public corporation then.

    “Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

    Tim Cook

    Now that the earnings are in, Apple has provided their prediction for the second quarter, which is the first three months of 2016 for the company. It expects to generate between $50 billion to $53 billion in revenues which is down from $58 billion in revenues it booked for the same quarter last year.

    “Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,” said Luca Maestri, Apple’s CFO. “We generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.”
    The past few weeks, reports have been emerging that Apple suppliers have seen a decline on orders, but the earnings tell a different tale. This is partly due to the record-setting sales seen in China. As usual, the iPhones have been the major generators of revenue for the company, but now it also looks like Apple is earning well from its “services” and “other products”. The services consist of things like the app store, iCloud, AppleCare, and Apple Pay, which grew 26 percent year over year to $6.05 billion.
    “Other products” includes the Apple Watch and Apple TV, grew its revenue 62 percent year-over-year, bringing in $4.3 billion this quarter.
    What does the future look like now for Apple and what new product can become the next cash-cow for the giant is something we’ll just have to wait and see. If recent trend is any sign, then Apple could be making its entry into the virtual reality sector pretty soon.

     

  • Samsung’s Profit Forecast Misses Expectations

    Samsung’s Profit Forecast Misses Expectations

    South Korean tech giant, Samsung has announced expected operating profits for Q4 2015. The company foretold an operating profit of 6.1 trillion Korean won (around $5.08 billion), which is up 15% compared to the 5.3 trillion won figure the company reported in Q4 2014.samsung-CES-main-photoAnalysts had expected the figure to be closer to 6.6tn won, fueling growth concerns. This comes after Samsung products got hit by weak demand in China and currency woes. Operating profits also fell 7.5% from the previous quarter. Sales of the world’s biggest maker of memory chips, smartphones, and other consumer devices also missed forecasts at 53tn won for the period.

    These figures, point towards what could be a tough year for not just Samsung, but the tech industry itself.

    Samsung is facing strong competition from Apple at the premium end of the market, while cheaper Chinese rivals are eating into the mid to low level range for mobile devices. As such, this next year could well be crucial for Samsung if it wants to protect its supremacy in the market.

  • Apple sold 33.8 million iPhones and 14.1 million iPads last quarter

    Apple sold 33.8 million iPhones and 14.1 million iPads last quarter

    Apple’s earnings report is out and the Cupertino based computing giant has exciting numbers to show. The Company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share, compared to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

    Apple also sold 33.8 million iPhones compared to 26.9 million along with 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. Comparing Smartphone sales Samsung Sold 86 million in the same quarter, but this number includes far more models than Apple offers including many a budget phones that don’t directly compete with iPhones. Samsung sold 16 million Galaxy S4 in what it calls “orders placed” that includes shipments to dealers and retail outlets, where the actual sale number remains low. Samsung also managed to snag 10 million tablet sales compared to the iPad’s 14.1 million, again however, the range Samsung offers is a lot more than that offered by Apple with the iPad. 

    The quarterly earnings didn’t include the iPad mini with Retina display or iPad Air, which were announced last week, and only included one week’s worth of sales for the latest iPhones, the 5c and 5s.

    “We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.” Tim Cook, Apple’s CEO

     

  • Google Posts Profits But Misses Revenue Expectations

    Google has released its Q2 2013 earnings today and, though they appear strong in absolutes, they missed analysts’ expectations by a fairly wide margin.

    The company posted $14.1 billion in revenue, up slightly from last quarter and an improvement of 20% from the previous quarter last year, but analysts were expecting  $14.4 billion. Net income was solid at $3.23 billion and $9.56 per share but, again, they were below expectations.

    Motorola maintained its reputation as an anchor weighing down the otherwise-profitable Google, as the hardware division posted a quarterly loss of $342 million on revenue of $998 million. Revenue was down from the previous quarter, while the net loss was up, placing even higher expectations on Moto X, which is expected to debut at the end of the month.

    Google’s average cost-per-click, which includes clicks related to ads served on Google sites and the sites of its network members, decreased about 6% in the quarter compared with a year ago. Analysts had predicted prices would drop about 3% in the period.

    “The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense,” CEO Larry Page in a press release.

    Google is expected to spend upwards of $500 million on advertising Moto X, which is rumoured to be customizable by colour, engraving and build material. The company is otherwise extremely healthy, with over $53 billion cash on hand.

    [Via]

  • Google Reveals $14 Billion Revenue In Q1 Earnings

    Google presented its Q1 2013 earnings today and, overall, the company looks to be in good shape. Revenues of $13.97 billion were down slightly from the always-hot previous quarter, but that number was in line with analysts’ expectations. More impressive was the $3.35 billion net income, which was up over 30% from the same period a year ago.

    Motorola Mobility continued to shed money, gross revenue of $1.02 billion and a net loss of $271 million. Patrick Pichette, Google’s CFO, said, ”We’re pleased with the velocity of change at Motorola Mobility. We’re excited about the future, but results will continue to be variable.” The amounts of lower, both in revenue and money lost, than the previous quarter, which means internal money-saving measures, in addition to the substantial number of jobs shed, are making a difference.

    The company hasn’t released a product since September of last year, but 2013 promises to be one of big changes in the company. Now fully integrated into Google, we’re hearing rumours that the X-Phone will be “phenomenal” and come in up to 20 colours (don’t hold your breath), in addition to being much more manageably-sized. Motorola has also promised to stick fairly close to the stock Android experience, though whether that, along with Google’s help, will be enough to regain much of its lost brand recognition and market share remains to be seen.

    Last year was Google’s first $50 billion revenue year, and CEO Larry Page said that the three pillars of the business — Chrome, Android and Ads — would continue to be the focus in 2013. The company is activating 1.5 million Android devices every day and with the release of Google Glass to developers this week, there’s yet another platform on which users can expect to see Google dominate.

  • LG Q2 2012 earnings : Loss on Mobile Phones , Overall profit

    LG Q2 2012 earnings : Loss on Mobile Phones , Overall profit

    LG Q2 earnings are out as it registered net profits of $138 million, up 46 percent from the same period last year. The mobile division struggled after a strong Q1 and took an operating loss, however the positive takeaways are a rising percentage of smartphone shipments and plans to launch new LTE-connected models in North America. LG is also banking of future deployments in countries like India and China.

    the home theater segment came out strong with an operating profit of more than double last year at $187.5 million despite slightly lower sales due to an increase in sales of premium products like its Cinema 3D HDTVs. LG also expects to be the top 3D display maker in 2012. 

    LG Air Conditioning and Energy Solution Company posted operating profit of KRW 70 billion (USD 60.76 million), a 17 percent increase year-over-year. Revenues increased 21 percent quarter-to-quarter but declined year-over-year to KRW 1.47 trillion (USD 1.28 billion) due to weak residential conditioner sales in Korea and low demand in developed markets. However, profitability improved year-over-year led by higher contribution from system air conditioner sales. 

    LG Home Appliance Company saw its second-quarter 2012 operating profit nearly triple to KRW 165 billion (USD 143.23 million) from the same period last year thanks to a better product mix and improved cost efficiency. Revenues also increased year-over-year to KRW 2.88 trillion (USD 2.50 billion) from growth in developing markets. The company still expects improved results in the second half compared to the previous year despite ongoing weak demand in developed markets.

     

    [toggle_box title=”LG Earnings Release” width=”Width of toggle box”]

     

     

    LG ANNOUNCES SECOND-QUARTER 2012 FINANCIAL RESULTS

     

    Solid Performance in Home Appliance and Home Entertainment
    Helps Offset Difficult Quarter in Mobile Phones

     

     

     

    SEOUL, July 25, 2012 –- LG Electronics (LG) today reported a 46 percent increase in net profits for the second quarter of 2012 versus the same period a year ago. Despite the continuing recessionary conditions, LG’s operating profit in the most recent quarter increased significantly year-over-year. Stronger performance in home entertainment and home appliances compared to the second quarter last year helped offset profit declines in LG’s mobile business.

     

     

     

    Due to a combination of more premium products, strategic focus on developing markets and aggressive cost reductions, second-quarter net profit increased 46 percent year-over-year to KRW 159 billion (USD 138.02 million) while operating profit more than doubled to KRW 349 billion (USD 302.95 million) from the same period last year. Revenues, while 5.2 percent higher than in the first quarter, declined from last year’s second quarter by 10.6 percent to KRW 12.86 trillion (USD 11.16 billion) due to declining feature phone sales and weak demand for IT products.

     

     

     

    LG Home Entertainment Company posted significantly improved operating profit in the quarter compared to the same period in 2011. Due in large part to an increase in sales of more premium products and improved supply chain management, operating profit more than doubled to 216 billion (USD 187.5 million) year-over-year. Sales declined 5.8 percent from the same period a year ago to KRW 5.48 trillion (USD 4.76 billion) but increased 2.8 percent from the first quarter of 2012. LG’s popular CINEMA 3D TVs will continue to drive sales in the second half as it pushes ahead to become the top global seller in the 3D segment.

     

     

     

    LG Mobile Communications Company, after a positive first quarter, struggled somewhat in the most recent quarter with an operating loss of KRW 57 billion (USD 49.48 million) mainly due to greater marketing expenses related to new model launches in the quarter. Overall revenues declined 28.5 percent year-over-year to KRW 2.32 trillion (USD 2.01 billion) as a result of shrinking feature phone sales but smartphone shipments rose to 44 percent of unit sales, up from 36 percent the previous quarter capitalizing on LG’s strength in LTE phones. The company is planning to introduce new LTE models in the second half in developed 4G regions including North America and parts of Europe and Asia.

     

     

     

    LG Home Appliance Company saw its second-quarter 2012 operating profit nearly triple to KRW 165 billion (USD 143.23 million) from the same period last year thanks to a better product mix and improved cost efficiency. Revenues also increased year-over-year to KRW 2.88 trillion (USD 2.50 billion) from growth in developing markets. The company still expects improved results in the second half compared to the previous year despite ongoing weak demand in developed markets.

     

     

     

    LG Air Conditioning and Energy Solution Company posted operating profit of KRW 70 billion (USD 60.76 million), a 17 percent increase year-over-year. Revenues increased 21 percent quarter-to-quarter but declined year-over-year to KRW 1.47 trillion (USD 1.28 billion) due to weak residential conditioner sales in Korea and low demand in developed markets. However, profitability improved year-over-year led by higher contribution from system air conditioner sales. The company will focus on improving profitability by introducing more energy-efficient products and by accelerating growth in its commercial air conditioner systems business.

     

     

     

    2012 2Q Exchange Rates Explained
    LG Electronics unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2012. Amounts in Korean Won (KRW) are translated into US Dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1,152 per USD (2012 2Q) and KRW 1,084 per USD (2011 2Q).

     

     

     

    Earnings Conference and Conference Call
    LG Electronics will hold a Korean language earnings news conference on July 25, 2012 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on July 26, 2012 at 10:00 Korea Standard Time (01:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 and enter the passcode 9084#. The corresponding presentation file will be available for download at the LG Electronics website (www.lg.com/global/ir/reports/earning-release.jsp) at 13:30 on July 25, 2012. Please visit http://pin.teletogether.com/eng/ and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142660# when prompted.

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    [LG 2Q 2012 Performance Results (PDF)]

     

  • Apple Announces Q3 results : $35 billion revenue, $8.8 billion in net profits

    Apple Announces Q3 results : $35 billion revenue, $8.8 billion in net profits

    Apple has announced their Q3 results and as always the company has posted a massive profit. The company pulled in $35 billion in revenue, pocketing $8.8 billion of pure profit, a record for both in Q3. Profits were up $1.5 billion from Q3 of 2011. During the last three months the company shipped 17 million iPads, an 84 percent increase when compared to the same quarter in 2011.

    More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family, the iPhone. The iPad is also not behind getting over $9 billion in this quarter alone. As an up, Apple is able to award its investors a $2.65 per-share dividend.For the next quarter Apple actually expects a small drop in both revenue and earnings per-share.

    Tim Cook also discussed how China has instrumental in Apple’s continued growth. While revenues were down $2.2 billion from the previous quarter in the country they were up roughly 48 percent year-over-year to $5.7 billion.

     

     

    [toggle_box title=”Apple Q3 Earnings Report” width=”Width of toggle box”]

    Apple Reports Third Quarter Results
    17 Million iPads Sold

     

    CUPERTINO, Calif., Jul 24, 2012 (BUSINESS WIRE) — –Board Declares Quarterly Dividend of $2.65 per Common Share

     

    Apple(R) today announced financial results for its fiscal 2012 third quarter ended June 30, 2012. The Company posted quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

     

    The Company sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. Apple sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter.

     

    Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.

     

    “We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

     

    “We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”

     

    Apple will provide live streaming of its Q3 2012 financial results conference call beginning at 2:00 p.m. PDT on July 24, 2012 at www.apple.com/quicktime/qtv/earningsq312 . This webcast will also be available for replay for approximately two weeks thereafter.

     

    This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue and diluted earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 24, 2011, its Forms 10-Q for the fiscal quarters ended December 31, 2011 and March 31, 2012, and its Form 10-Q for the quarter ended June 30, 2012 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

     

    Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

     

    NOTE TO EDITORS: For additional information visit Apple’s PR website ( www.apple.com/pr ), or call Apple’s Media Helpline at (408) 974-2042.

     

    (C) 2012 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

     

    Apple Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (In millions, except number of shares which are reflected in
    thousands and per share amounts)
    Three Months Ended Nine Months Ended
    ——————————- ——————————-
    June 30, 2012 June 25, 2011 June 30, 2012 June 25, 2011
    ————— ————— ————— —————
    Net sales $ 35,023 $ 28,571 $ 120,542 $ 79,979
    Cost of sales (1) 20,029 16,649 66,281 47,541
    ——- ——- ——- ——-
    Gross margin 14,994 11,922 54,261 32,438
    ——- ——- ——- ——-
    Operating expenses:
    Research and development (1) 876 628 2,475 1,784
    Selling, general and administrative (1) 2,545 1,915 7,489 5,574
    ——- ——- ——- ——-
    Total operating expenses 3,421 2,543 9,964 7,358
    ——- ——- ——- ——-
    Operating income 11,573 9,379 44,297 25,080
    Other income and expense 288 172 573 334
    ——- ——- ——- ——-
    Income before provision for income taxes 11,861 9,551 44,870 25,414
    Provision for income taxes 3,037 2,243 11,360 6,115
    ——- ——- ——- ——-
    Net income $ 8,824 $ 7,308 $ 33,510 $ 19,299
    ======= ======= ======= =======
    Earnings per common share:
    Basic $ 9.42 $ 7.89 $ 35.89 $ 20.91
    Diluted $ 9.32 $ 7.79 $ 35.48 $ 20.63
    Shares used in computing earnings per share:
    Basic 936,596 926,108 933,672 922,917
    Diluted 947,059 937,810 944,440 935,688
    (1) Includes stock-based compensation expense as follows:
    Cost of sales $ 70 $ 52 $ 196 $ 155
    Research and development $ 172 $ 119 $ 500 $ 336
    Selling, general and administrative $ 206 $ 113 $ 596 $ 379

     

     

     

    Apple Inc.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (In millions, except number of shares which are reflected in
    thousands)
    June 30, 2012 September 24, 2011
    ——————– ——————–
    ASSETS:
    Current assets:
    Cash and cash equivalents $ 7,945 $ 9,815
    Short-term marketable securities 19,709 16,137
    Accounts receivable, less allowances of $94 and $53, respectively 7,657 5,369
    Inventories 1,122 776
    Deferred tax assets 2,309 2,014
    Vendor non-trade receivables 6,641 6,348
    Other current assets 6,560 4,529
    ———- ———-
    Total current assets 51,943 44,988
    Long-term marketable securities 89,567 55,618
    Property, plant and equipment, net 10,487 7,777
    Goodwill 1,132 896
    Acquired intangible assets, net 4,329 3,536
    Other assets 5,438 3,556
    ———- ———-
    Total assets $ 162,896 $ 116,371
    ========== ==========
    LIABILITIES AND SHAREHOLDERS’ EQUITY:
    Current liabilities:
    Accounts payable $ 16,808 $ 14,632
    Accrued expenses 10,430 9,247
    Deferred revenue 5,822 4,091
    ———- ———-
    Total current liabilities 33,060 27,970
    Deferred revenue – non-current 2,530 1,686
    Other non-current liabilities 15,560 10,100
    ———- ———-
    Total liabilities 51,150 39,756
    ———- ———-
    Commitments and contingencies
    Shareholders’ equity:
    Common stock, no par value; 1,800,000 shares authorized; 937,266 and 15,573 13,331
    929,277 shares issued and outstanding, respectively
    Retained earnings 95,641 62,841
    Accumulated other comprehensive income 532 443
    ———- ———-
    Total shareholders’ equity 111,746 76,615
    ———- ———-
    $ 162,896 $ 116,371
    Total liabilities and shareholders’ equity
    ========== ==========

     

     

     

    Apple Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In millions)
    Nine Months Ended
    —————————————–
    June 30, 2012 June 25, 2011
    ——————– ——————–
    Cash and cash equivalents, beginning of the period $ 9,815 $ 11,261
    ——— ———
    Operating activities:
    Net income 33,510 19,299
    Adjustments to reconcile net income to cash generated by operating
    activities:
    Depreciation, amortization and accretion 2,296 1,271
    Share-based compensation expense 1,292 870
    Deferred income tax expense 4,066 2,232
    Changes in operating assets and liabilities:
    Accounts receivable, net (2,278) (592)
    Inventories (346) 162
    Vendor non-trade receivables (293) (955)
    Other current and non-current assets (3,238) (1,551)
    Accounts payable 2,450 2,480
    Deferred revenue 2,575 1,276
    Other current and non-current liabilities 1,686 2,608
    ——— ———
    Cash generated by operating activities 41,720 27,100
    ——— ———
    Investing activities:
    Purchases of marketable securities (121,091) (75,133)
    Proceeds from maturities of marketable securities 10,344 16,396
    Proceeds from sales of marketable securities 73,140 34,301
    Payments made in connection with business acquisitions, net of cash (350) 0
    acquired
    Payments for acquisition of property, plant and equipment (4,834) (2,615)
    Payments for acquisition of intangible assets (1,067) (266)
    Other (56) 34
    ——— ———
    Cash used in investing activities (43,914) (27,283)
    ——— ———
    Financing activities:
    Proceeds from issuance of common stock 433 577
    Excess tax benefits from equity awards 1,036 915
    Taxes paid related to net share settlement of equity awards (1,145) (479)
    ——— ———
    Cash generated by financing activities 324 1,013
    ——— ———
    (Decrease)/increase in cash and cash equivalents (1,870) 830
    ——— ———
    Cash and cash equivalents, end of the period $ 7,945 $ 12,091
    ========= =========
    Supplemental cash flow disclosure:
    Cash paid for income taxes, net $ 5,901 $ 2,563

     

     

     

    Apple Inc.
    Q3 2012 Unaudited Summary Data
    (Units in thousands, Revenue in millions)
    Q2 2012 Q3 2011 Q3 2012
    ———————- ———————- ———————-
    Sequential Change Year/Year Change
    ——————- ——————-
    Operating Segments Mac Units Revenue Mac Units Revenue Mac Units Revenue Mac Units Revenue Mac Units Revenue
    ——— ———– ——— ———– ——— ———– ——— ——- ——— ——-
    Americas 1,214 $ 13,182 1,487 $ 10,126 1,522 $ 12,806 25% – 3% 2% 26%
    Europe 1,048 8,807 922 7,098 941 8,237 – 10% – 6% 2% 16%
    Japan 158 2,645 150 1,510 173 2,009 9% – 24% 15% 33%
    Asia Pacific 771 10,153 620 6,332 593 7,887 – 23% – 22% – 4% 25%
    Retail 826 4,399 768 3,505 791 4,084 – 4% – 7% 3% 17%
    ——— —— ——— —— ——— ——
    Total Operating Segments 4,017 $ 39,186 3,947 $ 28,571 4,020 $ 35,023 0% – 11% 2% 23%
    ========= === ====== ========= === ====== ========= === ======
    Sequential Change Year/Year Change
    ——————- ——————-
    Product Summary Units Revenue Units Revenue Units Revenue Units Revenue Units Revenue
    ——— ———– ——— ———– ——— ———– ——— ——- ——— ——-
    Mac Desktops (1)(9) 1,199 $ 1,563 1,155 $ 1,580 1,010 $ 1,287 – 16% – 18% – 13% – 19%
    Mac Portables (2)(9) 2,818 3,510 2,792 3,525 3,010 3,646 7% 4% 8% 3%
    ——— —— ——— —— ——— ——
    Subtotal Mac 4,017 5,073 3,947 5,105 4,020 4,933 0% – 3% 2% – 3%
    iPod (3)(9) 7,673 1,207 7,535 1,325 6,751 1,060 – 12% – 12% – 10% – 20%
    Other Music Related Products and Services (4) 2,151 1,571 2,060 – 4% 31%
    iPhone and Related Products and Services (5)(9) 35,064 22,690 20,338 13,311 26,028 16,245 – 26% – 28% 28% 22%
    iPad and Related Products and Services (6)(9) 11,798 6,590 9,246 6,046 17,042 9,171 44% 39% 84% 52%
    Peripherals and Other Hardware (7) 643 517 663 3% 28%
    Software, Service and Other Sales (8) 832 696 891 7% 28%
    —— —— ——
    Total Apple $ 39,186 $ 28,571 $ 35,023 – 11% 23%
    === ====== === ====== === ======
    (1) Includes revenue from iMac, Mac mini and Mac Pro sales.
    (2) Includes revenue from MacBook, MacBook Air and MacBook Pro sales.
    (3) Includes revenue from iPod sales.
    (4) Includes revenue from sales from the iTunes Store, App Store and
    iBookstore in addition to sales of iPod services and Apple-branded
    and third-party iPod accessories.
    (5) Includes revenue from sales of iPhone, iPhone services, and
    Apple-branded and third-party iPhone accessories.
    (6) Includes revenue from sales of iPad, iPad services, and
    Apple-branded and third-party iPad accessories.
    (7) Includes revenue from sales of displays, networking products and
    other hardware.
    (8) Includes revenue from sales of Apple-branded and third-party Mac
    software, and services.
    (9) Includes amortization of related revenue deferred for non-software
    services and embedded software upgrade rights.

    [/toggle_box]

    [Apple]

     

  • Nokia Q2 Results are out : 4 million Lumias sold, $1.01 billion net US Dollar loss

    Nokia Q2 Results are out : 4 million Lumias sold, $1.01 billion net US Dollar loss

    Nokia’s Q2 result shows that the company has made a loss of over US $ 1 Billion in last quarter, however sales were at US $9.2 billion which is still .5 Billion lower than last quarter.

    Nokia has sold a total of 73 million handsets, most of which are thanks to the Asha series. Nokia is low on cash reserves as the company shows total $5.1 billion in reserves vs the $6.3 billion in Q1. Nokia did get $250 million  support from Microsoft, but that does not have seemed to help the situation.

    You can read the full report at the link below

     

    [Nokia (PDF)]

  • Motorola Mobility result out, loses $86 million in Q1

    Motorola Mobility result out, loses $86 million in Q1

    Motorola has posted yet another disappointing quarter, while revenues were up to $3.1 billion, Moto lost $86 million in Q1 of 2012. That is 6 more million lost compared to their previous quarter. In terms of shipments only 8.9 million devices were shipped in the quarter which is down from the 10.5 million shipped last quarter. The company’s home gateways and broadcast goods, managed to generate $68 million, up from $53 million a year ago.

    [toggle_box title=”Press Release” width=”550″]

    Motorola Mobility Announces First Quarter Financial Results

    LIBERTYVILLE, Ill., May 1, 2012 /PRNewswire/ —

    First Quarter Financial Highlights

    Net revenues of $3.1 billion

    Non-GAAP net loss of $0.03 per share compared to net loss of $0.08 per share in first quarter 2011; GAAP net loss of $0.28 per share compared to net loss of $0.27 per share in first quarter 2011

    Mobile Devices net revenues of $2.2 billion; Non-GAAP operating loss of $85 million; GAAP operating loss of $121 million

    Shipped 8.9 million mobile devices, including 5.1 million smartphones

    Home net revenues of $884 million; Non-GAAP operating earnings of $91 million; GAAP operating earnings of $68 million

    Motorola Mobility Holdings, Inc. (NYSE: MMI) today reported net revenues of $3.1 billion in the first quarter of 2012, up 2 percent compared to the first quarter of 2011. The GAAP net loss in the first quarter of 2012 was $86 million, or $0.28 per share, compared to a net loss of $81 million, or $0.27 per share, in the first quarter of 2011. On a non-GAAP basis, the net loss in the first quarter 2012 was $10 million, or $0.03 per share, compared to a net loss of $25 million, or $0.08 per share, in the first quarter of 2011.

    The Company had operating cash outflow of $98 million in the first quarter. Total cash at the end of the quarter was $3.5 billion and includes cash, cash equivalents, and cash deposits.
    Details on non-GAAP adjustments and the use of non-GAAP measures are included later in this press release and in the financial tables.

    “The introduction of RAZR™ MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones. Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability,” said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. “We continue to work closely with Google to complete the proposed merger during the first half of the year.”

    Operating Results

    Mobile Devices net revenues in the first quarter were $2.2 billion, up 3 percent compared with the year-ago quarter. The GAAP operating loss was $121 million compared to an operating loss of $89 million in the year-ago quarter. The non-GAAP operating loss was $85 million compared to an operating loss of $61 million in the year-ago quarter. The Company shipped a total of 8.9 million mobile devices in the first quarter, including 5.1 million smartphones.
    Mobile Devices highlights:

    Launched RAZR™ MAXX, the longest-lasting 4G LTE smartphone, allowing customers to talk for over 21 hours on a single charge, and DROID 4 by Motorola, the thinnest and most powerful 4G LTE QWERTY smartphone.

    Expanded budget-friendly smartphone portfolio in China, Europe, and Latin America with the introduction of MOTOLUXE™, a slim touchscreen device and Motorola DEFY™ MINI, the ideal “life proof” device for the active consumer.

    Teamed up with Bubba Watson, four time PGA Tour winner, including the 2012 Masters to introduce MOTOACTV™ Golf Edition, a cutting-edge GPS golf tracker, virtual caddy and online clubhouse.

    Home segment net revenues in the first quarter were $884 million, down 2 percent compared with the year-ago quarter. GAAP operating earnings improved to $68 million, compared to $53 million in the year-ago quarter. Non-GAAP operating earnings were $91 million compared to $81 million in the year-ago quarter.

    Home highlights:

    Introduced Connected Home Gateway, the industry’s first plug-and-play solution for home monitoring and control services.

    Provided equipment and services to Asian Broadcasting Network for launch of Malaysia’s most advanced digital cable TV network.

    Industry recognition of our Medios multi-screen software portfolio including SecureMedia® named “Best Rights and Asset Management Solution” at 2012 IPTV World Forum.

    Announced global distributor and integrator agreement with Edgecast’s Content Delivery Network platform, enabling advanced multi-screen service delivery to consumers.

    Merger Update

    As previously announced on August 15, 2011, Motorola Mobility and Google Inc. (“Google”) (NASDAQ: GOOG) entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion.

    Motorola Mobility and Google continue to work closely with the authorities in China for approval on the acquisition. The transaction has been investigated and cleared without conditions in all other jurisdictions with pre-closing clearance requirements. We continue to expect the transaction to close during the first half of 2012.

    For more information on the proposed merger, please visit http://investors.motorola.com.
    Conference Call and Webcast

    In light of the pending acquisition of the Company by Google, the Company does not conduct a financial analyst conference call or webcast following the release of its earnings information nor provide financial guidance. To access the first quarter results and other financial information, please visit http://investors.motorola.com.

    [/toggle_box]

  • Airtel Q4 Results out Rs. 18,729 cr Revenue, Rs. 1,006 cr Income (PR)

    Airtel Q4 Results out Rs. 18,729 cr Revenue, Rs. 1,006 cr Income (PR)

    Airtel  has posted their Q4 result. While their numbers have grown crossing 250 million subscribers across 20 countries, and revenues are up by 20% year over year, the overall profit dropped from Rs. 1,401 crore to Rs. 1,006 crore. Airtel blames this on higher costs on account of 3G license fee amortization (Rs 106 crore), 3G interest costs (Rs 84 crore), forex fluctuation losses (Rs 132 crore) and tax provisions (Rs 198 crore). 

    In India alone, the company saw a growth of  11.6% for the full year which was resulted due to stability in pricing accompanied by robust growth in customer numbers. The full year Revenues were up 20% year over year to Rs. 71,451 crore, while net income for the year ending March 2012 was 4,259 crore  lower from FY 11: Rs. 6,047 crore, Airtel says this was impacted by higher costs on account of 3G license fee amortization (Rs 593 crore), 3G interest costs (Rs 421 crore), forex fluctuation losses (Rs. 422 crore) and tax provisions (Rs. 481 crore). 

     

     I am pleased that the year has ended with the Company’s customer base crossing 250 million across twenty countries, the twentieth country being Rwanda. Our launch of 4G LTE, the first in India, is testimony to our commitment to the broadband agenda. The recent regulatory developments in India will have significant implications on the future of telephony and broadband, as well as India’s global competitiveness. The entire industry looks to the Government for a fair, transparent and sustainable telecom regime “

    –Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited 

     

     

     Highlights for the fourth quarter ended March 31, 2012 

    •  Overall customer base stands at 252 million, across 20 countries. 
    •  Total revenues at ` 18,729 crore, up by 15% Y-o-Y. 
    •  India & South Asia revenues at ` 13,421 crore, up by 10.5% Y-o-Y. 
    •  Africa revenues at $1,071 million, up by 15.9% Y-o-Y. In Rupee terms, Africa revenue growth is at 28.8%. 
    •  Consolidated EBITDA of ` 6,233 crore, up by 13.7% Y-o-Y. EBITDA margin at 33.3%. 

     

    Highlights for the year ended March 31, 2012 

    •  Total revenues at ` 71,451 crore, up by 20.0% Y-o-Y. 
    •  India & South Asia revenues at ` 51,893 crore, up by 11.6% Y-o-Y. 
    •  Africa revenues at $4,137 million, up by 43.7% Y-o-Y. In Rupee terms, Africa revenue growth is 51.5%.
    •  Consolidated EBITDA of ` 23,712 crore, up by 18.1% Y-o-Y. Full year EBITDA margin at 33.2%. 

  • Apple Q2 Earnings show net profit of $11.6 billion, $39.2 billion in revenue

    Apple Q2 Earnings show net profit of $11.6 billion, $39.2 billion in revenue

    Talk about big bucks, while companies stubble to hit the million mark, Apple continues to show good results Quarter over Quarter. The new numbers rank in at US $ 39.2 Billion in Revenue for the company , with upwards of 30 million iPhones sold and 12 million iPads sold.

     The new $12.30 earnings per share, compared to an estimated $10.04 earnings per share – adds up to $39.2 billion in revenue and $11.6 billion in profit. The iPhone sales show an 88% growth from the previous years quarter and the iPad sales show a whopping 151% increase over the last years same quarter. 

    Apple also sold over 4 million Mac units, making it a 7 % increase, with the same quarter last year.

     

    We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

    -Tim Cook , CEO Apple

    In a comparison with the last 2 years, Apple’s profits ar double compared to Q2 2011, and Four times compared to Q2 2010.

    [Apple]

  • Samsung makes US $ 42 Billion in Sales and $ 4.7 Billion in operating profit

    Samsung makes US $ 42 Billion in Sales and $ 4.7 Billion in operating profit

    Samsung has released its Q4 results and it shows that the company is headed in the right direction to becoming bigger than ever before. The electronics mammoth company has posted a 5.3 trillion won ($4.7 billion) operating profit in Q4 2011, with a sales revenue of  47.3 trillion won ($42 billion). The major of the chunk of its income is thanks to the impressive smartphone sales by the company , with over 300 million phones sold in 2011.

    The earnings also reported that the mobile division stood accountable for 40% in the total earnings, while other major contributors were Samsung Semiconductors and Display divisions with  2.3 trillion won ($2 billion) and 8.55 trillion won ($7.6 billion) in sales respectively. 

    Samsung reports that in 2012 the sales from mobile phones will account for 50% of its total revenue considering it  has an impressive lineup coming. Shipments of Samsung’s smartphones jumped 30 percent compared to the previous quarter (holiday quarter). Looking forward, Samsung expects the demand for entry-level smartphones and LTE will grow the smartphone market by more than 30 percent over the year, and the company expects tablet demand to grow as well.

iGyaan Network
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