Earnings

Netflix announces new $12 per month family plan

Cody Lee ∙ Updated March 19, 2019

Following the version 4.0 release of its iPhone and iPad app yesterday, Netflix announced that it was going to be rolling out a host of new "family friendly" features over the next few months. And it looks like the first is going to be a new family plan.

Traditionally, folks pay $8 per month for Netflix's service, which allows for unlimited streaming of its content to up to 5 devices—2 devices simultaneously. But with the new family plan, families can stream to up to 4 devices at the same time...

Verizon in Q1 activated 4M iPhones out of 7.2M smartphones

Christian Zibreg ∙ April 18, 2013

Verizon just posted its calendar 2013 first quarter earnings. The nation's top wireless carrier activated four million iPhones on its network throughout the quarter, half of which were the iPhone 5. The figure beats the 3.5 million unit consensus and represents a 25 percent increase over the 3.2 million iPhones Verizon activated a year ago. Representing just over 55 percent of all smartphone activations for the quarter, the iPhone during Q4 2012 represented nearly two-thirds of activations, which isn't surprising given the holiday rush, iPhone 4/4S price cuts and the iPhone 5 launch hype.

The company added 720,000 net new subscribers, including 677,000 people who signed two-year contracts, up 35 percent year-over-year. Turnover rate increased slightly to 1.01 percent from 0.96 percent a year ago. Smartphones represented 61 percent of contract subscribers, a record smartphone penetration. Shares climbed 1.94 percent during Thursday’s pre-market session...

Foxconn expectedly experiences sales lull amid seasonal iPhone decline

Christian Zibreg ∙ April 10, 2013

Hon Hai Precision Industry, also known as Foxconn, assembles many Apple products, including iPhones and iPads.

And with an estimated 60 to 70 percent of its revenues owed to the Apple orders account, Foxconn's earnings are scrutinized for any possible hint which could point to increasing or decreasing demand for Apple products.

Today, the contract manufacturer has posted a nineteen percent decline in sales in the first quarter compared with a year earlier. As you'd expect, Reuters immediately speculated the numbers are down because the company is "hurt by disappointing demand for the iPhone"...

Apple to announce Q2 2013 earnings on April 23

Cody Lee ∙ April 1, 2013

It looks like folks wondering how Apple did financially last quarter will find out in just a few short weeks. The Cupertino company announced this afternoon that it will be releasing its financial results for Q2 2013 on April 23.

Apple's earnings reports are typically a major affair in the tech world, and this one is particularly important. The iPad-maker's stock is at its 52 week low, and it needs to post some big numbers to change the conversation...

Foxconn posts record profits on Apple’s aggressive product refreshes

Christian Zibreg ∙ Updated January 26, 2016

Hon Hai Precision Industry, better known in the Western world as Foxconn, is Apple's favorite manufacturer that assembles a lot of its products, with Pegatron taking care of the rest. Foxconn also helps a number of other tech giants build and assemble their gadgets.

As Apple is its most visible high-volume client, Foxconn's earnings are often scrutinized for hints of Apple's sales performance. Today, Foxconn reported a record quarterly profit on increased manufacturing efficiency and output of Apple's iPhones and iPads, after having solved production bottlenecks in the prior quarter.

The increased revenue and improved profit margins also could mean that Foxconn may have had some room to push Apple for better pricing, Bloomberg reports...

Sanity returns: lower Apple earnings, but higher revenue projected

Ed Sutherland ∙ Updated April 18, 2016

Like the first hints of green during a long-awaited spring, some sanity regarding Apple's fiscal future is poking its head above ground. Wild speculation that the iPhone maker was washed up has been replaced with realism. The latest example: calm predictions that Apple's second quarter income will be down - but with record projected revenue.

Fortune reports a Wall Street consensus of $10.18 per share, down from $12.30 for the second quarter of 2012. At the same time, Apple is projecting record quarterly revenues of $41 billion to $43 billion. If there is a "problem," it may be lower margins from all the new products Apple introduced...

Sprint sold record 2.2M iPhones during the holiday quarter

Ed Sutherland ∙ February 7, 2013

U.S. carrier Sprint, the latest wireless provider to offer the Apple iPhone, announced Thursday it sold a record 2.2 million during the holiday fourth-quarter. A total of 6.6 million iPhones were sold for all of 2012, according to the company. Despite complaints of losses due to high subsidies, the iPhone has improved Sprint's ability to attract new customers.

The company said 38 percent of iPhone buyers during the fourth quarter were new subscribers. That's just slightly below the 40 percent of iPhones purchased by new customers throughout the entire year, according to the firm...

AT&T activates record 8.6 million iPhones in Q4 2012

Cody Lee ∙ January 24, 2013

Following up reports from Apple and Verizon, AT&T has just released its earnings results for the 2012 holiday quarter. And they actually look pretty good. The carrier sold a record amount of smartphones during the three quarter period, and activated a record amount of iPhones. Full breakdown of the results after the break...

Tim Cook addresses rumors on part order cuts and bigger/cheaper iPhones

Cody Lee ∙ January 23, 2013

Towards the end of Apple's earnings call earlier today, Tim Cook and CFO Peter Oppenheimer fielded a number of questions from analysts. And of course, many of them took the opportunity to question the two on the validity of recent rumors.

The Wall Street Journal's 'Apple cutting iPhone 5 part orders' story, the recent 4.8-inch iPhone meme, and the ongoing budget iPhone rumor were all brought up during the Q&A session. And Tim Cook (sort of) addressed each one...

Apple sold record 2 million Apple TVs last quarter

Cody Lee ∙ January 23, 2013

Among some of the more interesting tidbits from Apple's earnings call today was Tim Cook's mention of Apple TV sales. The device has long been called a hobby by Cook and other Apple executives, but it doesn't act like one.

The Cupertino company sold over 2 million Apple TVs during last quarter, a record high for the company. That's a 60% growth over last year's first fiscal quarter, which is bigger than that of both the iPhone and the iPad...

15 interesting points from today’s earnings call

Cody Lee ∙ January 23, 2013

Apple announced its highly anticipated earnings for the fourth quarter of 2012, the first fiscal quarter of 2013, this afternoon. And although they were record-breaking, they missed Wall Street projections. But we'll save the 'doomed' talk for another time.

Right now, we're just getting finished with Apple's earnings conference call. And as usual, Tim Cook and company made a few fascinating revelations and dropped a number of statistics. We have the 15 most interesting points for you after the break...

Apple Q1 2013 earnings report: 47.8M iPhones, 22.9M iPads, $54.5B revenue

Cody Lee ∙ Updated January 26, 2016

Here it is folks. After all of the rumors of slipping iPhone and iPad demand, which sent the company's stock tumbling, and the many 'doomed' headlines, Apple's Q1 2013 quarterly earnings report is finally here. So how'd they do?

Given the significance of these numbers, we'll just get right down to it. During the holiday quarter, Apple sold 47.8 million iPhones, 22.9 million iPads and produced 54.5 billion in revenue. We'll have more figures after the break...