Verizon released its Q4 2013 financials this morning, reporting $21.1 billion in revenue on the Wireless side of the business, bringing their total for the year up to $81 billion. Big Red saw 8 percent year-over-year growth in the quarter, which gives them five straight quarters of at least 8 percent growth. In other words, it was another solid quarter for the 4G LTE network leader in the U.S. wireless game.
Outside of the financial stuff, I found a couple of other bullet points interesting, to say the least. Verizon reported that they brought in 1.6 million retail postpaid connections during the quarter, which brings their total for the year up to 4.1 million. You may recall T-Mobile at CES claiming that they hit 1.6 million in Q4 as well, bringing their total to 4.4 million on the year. Those were record numbers for T-Mobile with all of their major UnCarrier moves, while Verizon is putting out those numbers with things business as usual. At least that’s how they made it sound. At the end of the year, Verizon stands at 98.7 million post paid connections. (more…)
Google posted its Q3 2013 earnings today, showing revenues for the quarter of $14.89 billion, a 12% year-over-year increase. The overall business was up 6% quarter-over-quarter and the company now has $56.52 billion cash on hand. Not a bad quarter for Google. (more…)
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…)
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 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…)
Both HTC and Samsung posted estimated earnings for the second quarter of 2013, showing good numbers, but neither company hit analysts’ revenue expectations. Both reports are still “estimated” and unaudited, as Samsung is set to post their official numbers later this month and the same for HTC. (more…)
Today, Google has opened their books and let us take a peek on how well the first quarter of 2013 went for them. Google earned themselves $14 billion in revenue over the first 3 months of the year. An increase of 31% compared to Q1 of last year, but the past two quarters have been in the same neighborhood, so growth has slowed a bit. (more…)
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…)