T-Mobile Posts Q2 Earnings, Shows Strongest Growth in Four Years

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With the announcement of their UN-carrier plans behind them, T-Mobile posted its Q2 earnings this morning, showing off a lot of revenue growth and big boosts in customer numbers. In total, T-Mobile picked up 1.1 million new customers, with more than half of them signing up for postpaid service. Just a year ago, T-Mo lost 205,000 customers, so these new plans (and the iPhone) could represent a big turnaround for the network.  (more…)

Google Posts Q2 2013 Earnings – $14.11 Billion in Revenue, Motorola Drags in $998 Million

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The Q2 earnings numbers for Google are now posted, showing revenues of $14.11 billion during the quarter, up 19% year-on-year, though still slightly below investor expectations. The operating income for the quarter was $3.47 billion.

Their semi-recently purchased Motorola arm managed to pull in $998 million during the quarter, up 7% over Q2 2012. Still, they had an operating loss of $342 million for the quarter.

As of June 30, Google has $54.4 billion in cash.

The earnings call with Sir Larry Page goes live in a few minutes (1:30PM Pacific). Feel free to listen along with us.

Verizon Reports Q2 Earnings – Adds 941K New Subscribers and Earned $5.2 Billion in Profit on $29.8 Billion in Revenue

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Verizon reported its 2013 Q2 earnings this morning, showing solid growth and great numbers spanning the March-June period. While the money aspect isn’t all that intriguing for us, the subscriber numbers are starting to sound very serious. Verizon is reporting that their base is now at 100.1 million customers, up 6.6% from last year. Just in Q2, Verizon was able to add another 941,000 post-paid subscribers to their network. Of those 100.1 million total subs, Verizon reports that 64% of them are smartphone users, showing that flip phones and feature phones are well on their way out of the picture.  (more…)

Samsung Reports Q4 Earnings – Over $8 Billion in Profit, Thanks in Part to Galaxy S3 and Note 2

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Samsung released its Q4 2012 financials last night and as expected, was another massive quarter. They took in revenues of roughly $52.45 billion and a profit of approximately $8.27 billion. Yep, that’s a lot of money. This numbers mark a 7-percent and 10-percent quarter-by-quarter increase, respectively.

Also as expected, Samsung pointed out that this stellar quarter happened because of their mobile communications side and the Galaxy S3 and Galaxy Note 2 that were released this year and pushed mightily during the holiday quarter.

Samsung’s LED TV and  semi-conductor businesses were also up, while their panel business saw a slight decline.

Full press release is below. Here is the presentation(more…)

Google Announces Q4 Numbers – Revenues of $14.42 Billion, Up 36% Year-on-Year

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Google just released its Q4 2012 financials, a move typically done before their live webcast of the same information. The report mentions that revenues hit $14.42 billion for the quarter (not counting Motorola), which puts them up 36% year-on-year and 8% quarter-on-quarter. They also hit $50 billion in revenue for the first time, which Larry Page called “not a bad achievement in just a decade and a half.”

There is a minor mention of Motorola in that mobile revenue was $1.51 billion. Google has about $48.1 billion in cash.

The live webcast of the Q4 numbers starts at 1:30PM Pacific. Listen here(more…)

Verizon Reports Q3 Earnings – Double-Digit Earnings Growth and Sells 4.5M 4G LTE Devices

Verizon released their Q3 2012 earnings report early this morning, announcing that this is their third consecutive quarter of double-digit earnings growth. They posted a record-high margin for their wireless business, and saw continued growth in wireline. If it’s not obvious, yes, Verizon had another great quarter.

On the wireless side of things, Verizon added 1.8million subscribers, 1.5million of which were postpaid connections. Their 4G LTE network now covers more than 250 million people in 419 markets. They sold 6.8 million smartphones, 79% of which were to postpaid customers. Verizon managed to sell a total of 4.5million LTE devices, a number that probably includes tablets and a week’s worth of iPhone 5 sales. Thanks to all of those LTE sales, more than 35% of their total data traffic now takes place on the 4G LTE network.

The full press release, for all of the dirty Q3 details, is below.  (more…)