I like to call it like I see it, but sometimes I get things wrong. Case in point: late last year I wrote an editorial titled “Apple is lost.” I believed it. A lot of our readers agreed, though some (fairly) did not. Last night, Apple proved me wrong. If you missed it, Apple published its fiscal first quarter 2017 earnings after the bell on Tuesday afternoon. It was a gang-buster...
BlackBerry released its third quarter 2014 earnings on Friday, just days after it launched its brand new BlackBerry Classic smartphone, a new device it hopes will cater to folks still hanging on to the older-style BlackBerry devices. In the earnings report, BlackBerry said it sold about 1.9 million smartphones during the third quarter of this year. That included "shipments made and...
Last month we heard a rumor that RadioShack was preparing to shutter 500 stores in the face of shrinking profits, but it turns out the real story is even worse. In its fourth quarter 2013 earnings report, the retail chain reveals it will actually close as many as 1,100 underperforming stores across the U.S. RadioShack CEO Joseph C. Magnacca notes that sales over the holiday season were...
Nokia released its fourth quarter 2013 earnings on Thursday and, despite a number of new smartphone launches over the past few months, the company noted a decline in sales. The company's phone business, which Microsoft is in the process of acquiring, reported a five percent decline in sales quarter-on-quarter. Nokia sold 8.2 million smartphones during the fourth quarter, down from 8.8...
Earlier this week Fortune published a report in which it contacted dozens of analysts and published average expectations for iPhone sales during Apple's fiscal Q1. Analysts, on average, expect that Apple sold an average of 55.3 million iPhones. But what about iPads? Now Fortune has a new story covering predictions for iPad sales during the 2013 holiday season, too. Fortune surveyed 45...
Verizon Communications posted its fourth quarter 2013 earnings on Tuesday, noting its fourth consecutive quarter of double digit earnings growth. The company reported $31.1 billion in total operating revenues for the quarter, beating analyst estimates, and posted $1.76 EPS, a huge swing back from the $1.48 per share loss reported in Q4 2012. The wireline business saw a 6.4-percent...
Verizon and AT&T recently posted Q3 earnings figures, both noting customer additions, and now we have an idea of where the customers are coming from: Sprint. The carrier published its third quarter 2013 earnings on Wednesday, noting a net loss of 360,00 customers under contract. Meanwhile, it gained 84,000 prepaid subscribers and 181,000 wholesale subscribers. Sprint now serves 54.8...
Apple just reported its third quarter 2013 earnings and it beat Street estimates. The company posted $35.3 billion in revenue versus Wall Street estimates of $35.02 billion, and an earnings per share of $7.47, beating Street estimates of $7.32. Profits came in at $6.9 billion for the quarter, down from $8.8 billion in profit during the third quarter of 2012. Here's a breakdown of the...
The first results since BlackBerry’s Z10 and Q10 smartphones have been widely available are out. BlackBerry reported its fiscal first quarter 2014 earnings on Friday and disappointed Wall Street, which was expecting a profit but was instead treated with yet another quarterly loss. The quarter doesn’t reflect well on BlackBerry, which has put all its eggs into its new smartphones and its...
U.S. Cellular reported its first quarter 2013 results on Friday, noting service revenues of $996.3 million, down from more than $1 billion in the year-ago quarter. Earnings aside, however, U.S. Cellular revealed something else very intriguing in its report: that it will sell Apple products later this year. “We have a number of strategies in progress to increase loyalty and attract more...