Google has beaten analyst expectations this quarter, with $14.9 billion in consolidated revenue and $11.9 billion in net revenue. In their earnings call, which wrapped up moments ago, Google noted their revenue was up 12% over Q3 2012.
Proving analyst estimates wrong, Samsung has shown a strong financial third quarter in its latest financial posting. This was largely due to more affordable smartphone models being sold in emerging markets.
Things seem to looking really bad for HTC. Although not as bad as its predicted 8% loss, the Taiwanese smartphone manufacturer has just reported a financial loss of 6.3% for the third quarter that ended Monday. This, together with other figures and activities, or lack thereof, could spell big trouble for the company.
Lenovo has just posted its first quarter earning and the numbers are quite telling. Not only did it beat profit forecasts, it has also given more evidence of a declining PC business as smartphones and tablets become more ubiquitous and user friendly.
T-Mobile released their Q2 2013 earnings report and it looks like revenue is up for the UNcarrier. In fact, T-Mobile has said that revenues for the second quarter have grown by 8.6 percent year-over-year. This accounts for a total revenue increase of 27.5 percent. Though, T-Mobile has also credited this towards "the inclusion of MetroPCS results" for May and June 2013.
As the global smartphone market starts to stabilize around some top players, others get pushed farther into the background and take financial hits. And sometimes, they decide to call it quits. Today, NEC has announced that it is making an exit from the smartphone battling ground.
If you're the proud owner of almost any flagship smartphone from the past year, it's likely running a Qualcomm Snapdragon processor under that HD display. Samsung and their Galaxy S3 and S4, the HTC One, LG's Nexus 4 and many other devices are all powered by Qualcomm, which is one of many reasons they've (yet again) had record sales and revenue for the Q3 earnings report this year.
This week we've been seeing plenty of earnings reports for the second quarter of the year, and today AT&T is sharing all the details regarding their Q2 of 2013. While their U-Verse and household options have been doing well, their large revenue numbers are in part due to strong smartphones sales. Most notably, Android smartphone sales.
In case you missed the usual boring earnings call by good old Google today, they've been making plenty of cash. While we'll talk more on that later, we wanted to mention some Android numbers because as usual Larry was on the earnings call shouting them out. I'm just excited to know that soon enough Android will reach that magical 1 billion point. That's impressive!
We are getting a look at upcoming earnings reports from both Samsung and HTC and they are each telling opposite stories. While the details for both Samsung and HTC are unaudited, they should match up closely with the official details that will be revealed later in the month. With that in mind, Samsung is showing a year-over-year profit increase of 47 percent while HTC is showing a year-over-year profit decrease of 83 percent.