Apple is in the midst of its Q2 2013 earnings call, highlighted by 37.4 million iPhones and 19.5 million iPads sold. This represents record Q2 iPhone and iPad sales. Overall, Apple posted $43.6 billion in revenue, of which $9.5 billion was profit. While many analysts were predicting a crash-and-burn quarter, this is, instead, still growth. However, the growth rate has definitely slowed to the lowest it has been in years. To compare to last year, Q2 2012, Apple earned $39.2 billion in revenue and $11.6 billion in profit.
As for other products, Apple sold 3.95 million Macs, compared to 4 million last year. iPod sales continue to slow, with 5.6 million Q2 2013 sales compared to 7.7 million as the same time last year.
Yesterday, Groupon hit us with a massively disappointing first-quarter earnings report, which saw its stock tumble by over 25% after hours, and now CEO Andrew Mason is out. Someone had to take the fall, and the burden came on the shoulders of Mason, who'll be replaced in the interim by Ted Leonsis and Eric Lefkofsky while the board finds a new CEO. Mason released a letter to employees, and also made it public, admitting that he knew it would leak anyway--give it a read after the break.
Read More | Groupon
Motorola Mobility, recently split off from Motorola Solutions, also shipped 4.1 million smartphones in the first quarter of 2011, the company said Thursday. In all, Motorola Mobility said it shipped 9.3 million mobile devices in the quarter, beating analyst expectations.
Motorola split into two independent public companies in January with Motorola Mobility generally considered a spin-off. Motorola Solutions—which makes bar code scanners, police radios and other products—also reported earnings Thursday and had net income of $497 million, up from $69 million in the first quarter of 2010.
Verizon said Thursday that it sold 2.2 million iPhones in its first two weeks and sold out of the iPad 2 in early March.
Verizon also sold 260,000 HTC Thunderbolt devices, the first smartphone for its 4G LTE network, and another 250,000 4G LTE Internet devices, Fran Shammo, president and CEO of Verizon Telecom and Business, said during a Thursday earnings call.
About 22 percent of iPhone activations were for people new to Verizon Wireless, while 78 percent were existing Verizon customers who upgraded.
Overall, 60 percent of phones sold during the quarter were smartphones, up from 36 percent last year. About 65 percent of those were new to the smartphone category, meaning they upgraded from a feature or multimedia phone or were new to Verizon. Overall, 32 percent of Verizon Wireless's retail post-paid customers are now using smartphones, up from 28 percent last quarter.
AT&T has revealed its first-quarter earnings, and things certainly smell like they're coming up roses for the carrier. That's probably expected considering it's destined to soon become the nation's largest wireless provider thanks to its recent move to acquire T-Mobile. But there was one part of the company's results that was a bit surprising: the debut of the Verizon iPhone appeared to have little effect on AT&T's iPhone subscriber base. Were there really that few people switching when AT&T finally lost its exclusive grip on the device?
AT&T said it activated 3.6 million iPhones last quarter, the first quarter the Verizon iPhone was available. It also said iPhone subscriber "churn," or the number of iPhone owners ditching AT&T for another carrier, was unchanged from the same period last year. During a call this morning, company executives said the impact was, "significantly less than many in the financial community and the media expected and, frankly, they were less than we expected."
After a close look at the numbers, an X factor becomes apparent: the iPhone 3GS. In January, AT&T reduced the price of the 8GB iPhone 3GS from $99 to $49, and it's been pushing the discounted phone hard. The 3GS is a very capable smartphone and looks extremely cheap next to the iPhone 4, which starts at about $200 on both Verizon and AT&T. Of course, Verizon doesn't offer the iPhone 3GS, so any iPhone cravers not willing to pony up a couple of C notes will be going to the AT&T store (or eBay where you can get them cheap without contract.)
Microsoft shipped 4.4 million Xbox 360 consoles in the second quarter, according to their recently released financial results. Xbox revenue increased 76% year over year, but the Entertainment and Devices division still posted a quarterly loss of $289 million. According to Gamasutra, Microsoft partially blamed the losses on the launch of the Zune and changes to the Xbox 360 warrantee program from 90 days to one full year. Speaking with investors via conference call, Microsoft also adjusted their full year estimates for Xbox 360 shipments down to 12 million, from its previous estimates of 13 – 15 million. Overall, Microsoft should be pleased with the sales of the Xbox 360 this holiday season, but the upcoming year may be challenging as the company competes head on with Nintendo and Sony for marketshare.
Read More | Gamasutra
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