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  • Virgin Mobile USA posts 8% subscriber growth, $4.1 million net profit in Q3

    Filed under: Virgin Mobile , MVNOs , Misc Hey, who says everyone loses during tough times ? After Virgin Mobile USA crawled through a miserable Q2 , things are looking up for the recent acquirer of Helio . The outfit reported 821,491 gross additions to its subscriber list, which marks a respectable 8% year-over-year increase. Furthermore, the company somehow managed to amass a Q3 net profit of $4.1 million, which contrasts starkly with the $7.4 million loss that it posted a year ago. The only down news of the day was that its average revenue per user in the third quarter fell 2% from a year earlier to $20.19, but given that its Q4 forecast shows it notching a revenue increase from 6% to 9%, we suppose it's all good in the neighborhood. [Via RCRWireless ] Virgin Mobile USA posts 8% subscriber growth, $4.1 million net profit in Q3 originally appeared on Engadget Mobile on Sat, 15 Nov 2008 07:03:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

  • Deutsche Telekom shakes economic woes, reports "good" Q3

    Filed under: T-Mobile , Misc We can't recall the last time a mega-corp informed the public that it had a "good" quarter (as in, it literally described the quarter as "good" in its headline), but we can't help but chuckle at this one. Deutsche Telekom has done what few other companies have managed to do of late, and that's post an impressive Q3. Even in a " difficult market environment ," net income was up €0.6 billion ($775 million) to €0.9 billion ($1.16 billion) compared to a year ago, and it managed to snag 670,000 new T-Mobile USA customers all the while. As with most other carriers these days, DT also found lots of income flowing in from data usage; total data revenue (excluding messaging) was up 28.3% to a whopping €639 million ($825 million). For number crunchers and optimists alike, tap the read link for more material you're sure to love. [Via mocoNews ] Deutsche Telekom shakes economic woes, reports "good" Q3 originally appeared on Engadget Mobile on Sun, 09 Nov 2008 11:43:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

  • Qualcomm posts higher profits, but cuts 2009 forecast

    Qualcomm posted its fourth quarter and fiscal 2008 results, and the company had higher revenues and net incomes both for the quarter and the year in total. However, it reduced its forecast for CDMA devices in 2009. For the fourth quarter the company had net income of $1.06 billion, up 16 percent year-on-year and sequentially, and had revenues of $3.33 billion, up 44 percent from the fourth quarter last year and up 21 percent sequentially. For the fiscal year in total, the chip-maker had net income of $3.74 billion, up 10 percent year-on-year, and revenues of $11.13 billion, up 25 percent from last year. However, because of the credit crisis and worsening macroeconomic conditions, the company expects lower growth in 2009. "While we are estimating strong growth for CDMA-based devices in calendar year 2009, driven by a shift to emerging markets, this growth is meaningfully less than we would have forecast just a few weeks ago," CEO Paul Jacobs said. The company also noted the positive impact of the $2.5 billion non-refundable payment related to new license and settlement agreements it received from Nokia in October. "Consideration provided to us under the new license agreement with Nokia included, among other things, a non-refundable up-front payment of $2.5 billion, ongoing royalties and the assignment of patents that we recorded in intangible assets in the amount of $1.8 billion," the company said. For more: - see this release Related Articles: Qualcomm , Nokia reach new patent agreement, end years of bitter disputes Qualcomm raises forecasts on 3G sales
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  • Sprint continues to bleed subscribers in Q3

    Sprint Nextel posted third-quarter losses of $326 million as subscribers continued to flee the operator in droves. Revenue fell 12 percent to $8.82 billion, down from $10.04 billion a year ago. Subscriber totals dropped 1.3 million during Q3, reducing Sprint's customer base to 50.5 million--another 1.1 million post-paid customers exited Sprint's ranks, boosting the total decline over the past four quarters to nearly 4 million. By contrast, AT&T added 2 million subscribers in Q3 while Verizon Wireless signed up 1.5 million. Subscribers by network platform include 35.4 million on CDMA, 13.5 million on iDEN and 1.6 million Power Source users on both networks--in addition, more than 9 percent of postpaid customers upgraded their handsets during the third quarter, resulting in contract renewal growth. According to Sprint, wireless service revenues for the quarter declined 13 percent year-over-year and 3 percent sequentially to $6.8 billion--the operator blamed the year-over-year drop on reduced subscriber numbers and diminished ARPU, while the sequential decline was attributed to subscriber exodus. Wireless postpaid ARPU in the quarter remained stable at $56 compared to the first two quarters of 2008, with data contributing about $13.50 and helping offset voice declines--still, wireless postpaid ARPU was down 6 percent year-over-year. CDMA data ARPU increased more than $1 from Q2 totals to about $16.50, and now represents almost 29 percent of total CDMA ARPU. Sprint cited strong take rates on bundled data services like its Simply Everything plan as well as continued growth in data cards as the catalysts behind the growth. For more on Sprint's Q3 stumble: - read this release Related articles: Sprint loss widens despite data revenue growth Sprint to air live NFL Network game telecasts
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  • Sprint posts Q3 net loss of $326 million, sees 1.3 million subs leave

    Filed under: Sprint , Misc Sprint's year just keeps getting worse . After losing over 900,000 customers last quarter while posting a $344 million loss, the company insistent on advertising with faux soap operas and in black and white (and yellow) is hanging its head once more. During Q3, the carrier saw 1.3 million net subscribers head for the exits, and it also reported a loss of $326 million. According to CEO Dan Hesse, Sprint "has yet to turn the corner," warning that the process of turning things around would be gradual. Moving forward, the company expects gross additions to "stabilize," while the turnover rate is apt to remain at around 2.15%. In related news, the provider's stock price has sunk around 60% in the past six months, and while that's surely bad news to shareholders, not many other mega-corps out there are doing tremendously better. [Via The New York Times ] Sprint posts Q3 net loss of $326 million, sees 1.3 million subs leave originally appeared on Engadget Mobile on Fri, 07 Nov 2008 10:45:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

  • Softbank's operating profit hits record high, iPhone thanked

    Filed under: Misc , Softbank Mobile , Apple Nah, Softbank Mobile's launch of the iPhone isn't entirely to thank for the carrier notching record operating profits this quarter, but it certainly didn't hurt matters. Noting that Apple's darling "pulled in more mobile subscribers," the company reported an operating profit of ¥180 billion ($1.85 billion), though net profit did slide 11.5% to ¥41.1 billion ($422.2 million). In fact, Softbank president Masayoshi Son proclaimed that he used an iPhone every day, telling the press that it was "useful, and the more that [he] uses it, the better [he] understands its strong points." Of note, the operator's retention of mobile phone customers "has also improved with the iPhone," and while income from voice calls continues to drop, earnings from data services were on the up and up. Data, kids -- that's the future ! [Via mocoNews ] Softbank's operating profit hits record high, iPhone thanked originally appeared on Engadget Mobile on Wed, 29 Oct 2008 18:41:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

  • Both AT&T and Verizon see very positive Q3s

    Filed under: ATT , Verizon Wireless , Misc While many industries are going through a bit of a rough patch (to put things mildly), both AT&T and Verizon are soaking up the sun. Or maybe that's just the beaming glow being emitted from their respective Q3 reports. Either way, AT&T reported a 2.0 million net gain in total wireless subscribers on the coattails of 2.4 million iPhone 3G activations, while it notched a 50.5% uptick in wireless data revenues and saw overall wireless revenues increase by 15.4%. As for Verizon Wireless, it witnessed 1.5 million net customer additions (excluding the 630,000 customers pulled in from its Rural Cellular acquisition ), and it noted that data revenues -- which now comprise over a fourth of all service revenue -- shot up 42.5% to $2.8 billion. For numbers galore explaining just how well the pair did this past quarter, mount up your reading glasses and hit the links below. [Via mocoNews ] Read - Verizon Q3 2008 earnings report Read - AT&T Q3 2008 earnings report Both AT&T and Verizon see very positive Q3s originally appeared on Engadget Mobile on Mon, 27 Oct 2008 21:02:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

  • Verizon mobile data revenues grow 42.5 percent in Q3

    Verizon Communications reported a 31 percent increase in third-quarter net income, galvanized by Verizon Wireless' 12.5 percent year-over-year revenue growth. The telecom giant posted net income of $1.67 billion, up from $1.27 billion a year earlier--Verizon Wireless added 2.1 million subscribers during Q3, increasing its customer total to 70.8 million. The mobile division reported a 12.5 percent increase in total revenues, including a 42.5 percent spike in data revenues--subscriber churn totaled 1.33 percent, with retail postpaid customers churning at 1.03 percent. Verizon Wireless' ARPU increased year-over-year for the 10th consecutive quarter, growing to $52.18, up 0.9 percent over Q3 of 2007. Total data ARPU was up 28.3 percent, with Verizon boasting 52.6 million retail data customers in September, representing roughly three quarters of its retail base (a 25.3 percent increase over the previous year). Verizon Wireless subscribers sent or received more than 80 billion text messages during the third quarter, additionally transmitting 1.5 billion picture/video messages. Customers also completed 43 million music and video downloads. Last week, Verizon Wireless said it still intends to follow through with its pending $28.1 billion acquisition of Alltel despite grim credit-market conditions. The deal promises to create the nation's largest wireless operator; AT&T, which currently holds the top spot, on Wednesday posted third quarter earnings of $3.2 billion, with profits rising approximately 5 percent on the strength of record postpaid subscriber additions, surging Apple iPhone 3G sales and mobile data revenue growth totaling 50.5 percent, buoyed by increases in mobile web access, messaging, email and related services. For more on Verizon's third-quarter results: -read this release Related articles: Data demand credited for Verizon 's Q2 earnings growth Verizon Wireless reaches messaging milestone

  • AT&T Q3 wireless data revenues soar 50 percent

    AT&T posted third quarter earnings of $3.2 billion, with profits rising approximately 5 percent on the strength of record postpaid subscriber additions, surging Apple iPhone 3G sales and impressive mobile data revenue growth. AT&T activated 2.4 million iPhone 3G devices during the third quarter, approximately 40 percent of them for subscribers new to the operator--in all, AT&T gained 2 million net subscribers in Q3, 1.7 million of them postpaid consumers, the largest total for any quarter in company history. AT&T now boasts 74.9 million wireless subscribers in all. "I am particularly pleased with the customer response to the iPhone 3G," said AT&T chairman and CEO Randall Stephenson in a prepared statement. "The new customers we're winning are high-value, with attractive revenue and churn profiles." AT&T's wireless revenues increased 15.4 percent in the third quarter to $12.6 billion, with wireless service revenues (excluding handset and accessory sales) growing 14.3 percent to $11.3 billion. Retail postpaid subscriber ARPU was $58.99, up 2.6 percent year-over-year. Most impressively, AT&T posted 50.5 percent wireless data revenue growth over Q3 2007, buoyed by increases in mobile web access, messaging, email and related services. According to AT&T, both wireless Internet access revenues and multimedia messaging volumes more than doubled year-over-year. For more on AT&T's Q3 results: - read this release Related articles: AT&T wireless data revenues surge 52 percent in Q2 iPhone 3G revises AT&T data pricing AT&T : 95% of iPhone owners surf the mobile web
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  • Nokia's net income slips 30%, sales and market share slide too

    Filed under: Handsets , Nokia , Misc Man, what a difference a year makes. Almost 12 months ago to the day, the suits in Espoo were celebrating with extreme joviality after seeing profits soar a whopping 85% to $2.2 billion . Today, those same folks (plus / minus a few) are hanging their heads along with just about every other mega-corp on the planet. As credit tightens and the economy slows around the globe, people have apparently decided that another shiny new Nokia probably shouldn't be numero uno on the priority list. To that end, Nokia saw its net income sink 30% to around $1.47 billion while sales slipped 5% and market share fell ever-so-slightly to 38% (from 40% in January ). Granted, it's not like Nokia didn't warn us that this was coming, but we're sure that doesn't make things any easier to swallow for shareholders. At least the gift giving season is just around the bend, right? Happy thoughts, happy thoughts. [Via mocoNews ] Read | Permalink | Email this | Comments

  • HTC’s earnings grow over 33% on year in August

    The company behind the sexiest Windows Mobile (and just recently, Palm) smartphones we’ve ever seen, HTC, has posted revenues of about $398.4 million USD for August. This is up 11.1% on month. Meanwhile, this also means a 33.6% on year on-year increase in revenue for the company. HTC’s total earnings for the last eight months now [...]

  • Nokia lowers Q3 outlook on tough competition, product slip

    Filed under: Nokia 2008 has generally treated Espoo pretty well, but every rose has its thorn -- and for Nokia , that thorn might just end up being the third quarter. The company has now revised its Q3 market share estimate downward, now predicting a slip from Q2 rather than the flat line it'd been suggesting before; cited reasons include a "tactical decision to not meet certain aggressive pricing of some competitors," generally fierce competition (particularly on the low end), and the delayed launch of an unnamed midrange handset. In justifying its failure to meet market pricing head-on in every market segment, Nokia says it's only going to play that game where it thinks it's profitable to do so, and for what it's worth, it still expects to ship about 10 percent more devices in 2008 than it did in 2007. What's more, they say they expect to meet the rest of their expected launch dates in '08 -- so it looks like every night has its dawn after all. [Via mocoNews ] Read | Permalink | Email this | Comments
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