Verizon announced its third quarter earnings on Thursday. The company reported profits of $1.59 billion, up from $1.37 billion during the third quarter of last year. Revenue also jumped from $27.91 billion to $29.01 billion. Verizon Wireless, a joint venture between Verizon and Vodafone, saw a 7.5 percent increase in year-on-year service revenues and a 7.9 percent increase in retail...
Verizon's upcoming lineup is pretty impressive — RAZR HD, RAZR MAXX HD, RAZR M, iPhone 5, Galaxy Note II — but those are just the devices we know about. According to a leaked roadmap, many other flagship handsets are headed the carrier's way, giving it one of the most exciting smartphone rosters we've seen in a while. Better start saving now. What Verizon has is a buffet of every...
Facebook just reported its second quarter earnings for 2012. The social network reported revenue of $1.18 billion versus Wall Street estimates of $1.147 billion and earnings per share of $0.12, right on target with Wall Street estimates of that exact figure. The company said it now has 955 million active users per month, up 29% year-over year. 552 million users are on Facebook daily, an...
The success of Samsung's Galaxy S III has helped the company gain a "sizable lead" over other smartphone makers, including Apple, Juniper Research said on Thursday. The research firm said it estimates Samsung shipped a total of 52.1 million smartphones during the second quarter — let that sink in a bit… 52.1 million units — to Apple's 26 million iPhone shipments. Apple is Samsung's...
Apple revealed in its earnings statement on Tuesday that it sold 17 million iPads during its fiscal third quarter of this year. In a report from Strategy Analytics released on Wednesday, the research firm said that the company's iPad shipments represented 68.3% of the overall global tablet market share during the second quarter of this year. In total, tablet makers shipped 24.9 million...
LG reported its second quarter 2012 earnings on Wednesday. While the overall company reported a 46% increase in net profits versus the same period last year, the company's handset division saw a continued decrease in sales. The division reported an operating loss of $49.48 million "due to greater marketing expenses related to new models launches in the quarter." LG Mobile said revenues...
Apple just reported its fiscal third quarter 2012 results. The company noted earnings per share of $9.32 on revenue of $35 billion, which was below Wall Street estimates of $37.18 billion in revenue and a net profit of $8.8 billion on $10.36 earnings per share. The company's revenue during the year-ago quarter was $28.6 billion. Apple said international sales were responsible for 62% of...
Microsoft reported $18.06 billion in revenue for the fiscal fourth quarter of 2012 on Thursday. The company failed to meet Wall Street expectations of $18.13 billion for the quarter and reported a net loss of $492 million, or a loss of $0.06 per share. This is the first time Microsoft has ever reported a quarterly loss. "The financial results reflect the previously announced non-cash,...
Google just announced its second quarter earnings for 2012 in which it said it generated $12.21 billion in revenue and $2.79 billion in profit on $8.42 per share. Wall Street originally projected the firm to record a lesser $8.41 billion in revenue. The company's revenues represent a 21% increase over the same quarter last year, and that was attributed to new products. "Google...
Verizon Communications posted its second quarter 2012 earnings on Thursday and reported $28.6 billion in revenue for the quarter, up 3.7 percent over the same quarter last year. Wireline revenues for the company came in at $9.9 billion, down 3.1% from the same quarter last year. The company now services 5.1 million FiOS Internet and 4.5 million FiOS video connections and added a total...