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Zynga meets earnings targets, manages to make a profit for Q1

Today, Zynga reported its first-quarter earnings. Incredibly, Zynga performed better than expected and managed to beat expectations that they experienced a loss. Zynga reported a net income of $4.1 million, much better than the loss of $85 million from this time last year.

 

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Revenue came in at $263.5 million, down from $320.9 million this time last year. Even decent results by the struggling company has investors selling. In after-hours trading, Zynga's stock has dropped by 11 percent after having increased during today's trading.

 

We are encouraged by the strong execution from our teams and the breakout hit performance of FarmVille 2, which captures the imagination of nearly 40 million players every month. 2013 will continue to be a transition year as we face the challenging environment on the web and invest in developing the leading franchises and network across web and mobile platforms and offer our 253 million monthly players a connected experience that can follow them from work to school to home and anywhere in between.

US Cellular selling Samsung Galaxy S4 on April 30

Despite claimed inventory shortages, US Cellular has announced that they will be getting the latest Samsung smartphone come April 30. The Samsung Galaxy S4, originally announced back in March, will be coming to US Cellular. The 16GB version will be available in either black or white for $199, provided you sign a two-year contract.

 

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After being one of two U.S. carriers to offer a presale for the Samsung Galaxy S 4, U.S. Cellular is now one of the first to have the device available for purchase online and in stores.

 

The Samsung Galaxy S 4 will be available for purchase online at uscellular.com on Friday, April 26. Preorders will also begin shipping that same day along with the exclusive, free S View flip covers that were a part of the presale. The device will be available in stores on Tuesday, April 30.

 

U.S. Cellular is offering the 16GB device in White Frost and Black Mist and it is $199.99 with an instant rebate. Customers who buy the 4G LTE Samsung Galaxy S 4 from U.S. Cellular can enjoy a valuable rewards program that recognizes loyalty. Currently, 61 percent of customers have access to a 4G LTE network, and by the end of the year, 87 percent of customers will be covered.

Google gets approval from city council to buy iProvo fiber network for a massive $1

The title doesn't have a typo; The Provo Municipal Council voted Tuesday in a unanimous decision to allow Google to acquire the iProvo fiber network for a total price of $1. Not only is Google getting a steal on the fiber network, the city has agreed to pay approximately $722,000 for equipment to use the gigabit network for government services and $500,000 to determine the exact locations of the buried fiber cables.

 

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Google will, in exchange, take ownership and control of the existing fiber network. They will provide free 5Mbps/1Mbps connections to all of Provo's residents for at least seven years. Additionally, Google will provide free gigabit connections to 25 different public institutions.

 

Provo, Utah will be the third Google Fiber city. "It gets back to our origins as a company...our customers cared about speed," said Google's director of community affairs.

Sprint sells 1.5 million iPhone's in Q1, loses one million customers and posts a $643 million net loss

The US' third largest carrier has just posted its first quarter financial report and things are not looking very good. The company posted a positive operating revenue of $29 million, but that is about all the good news there is.

 

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Sprint says that it sold five million smartphones in Q1, which includes 1.5 million Apple iPhone's. Despite these high sales numbers, the company reported an overall net loss of $643 million, on total revenue of $8.79 billion. The company lost about one million subscribers, part of which were the direct result of Sprint beginning to shut down the Nextel network.

 

Subscribers to Sprint should not worry too much, though. The company is continuing to invest in infrastructure and has rolled out its LTE network in over 88 cities now, 30 of which were launched in Q1. The company says that it plans to continue that roll-out to another 170+ cities in the coming months.

Nintendo sees operating loss for the second year in a row, poor Wii U sales

Things are looking pretty middle of the road for gaming giant Nintendo as the company just closed out its financial year with an operational loss, but saw gains in net income.

 

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Nintendo is expected to announce an 18.7 billion dollar loss for the 2012 fiscal year that just ended March 31st. This will be the company's second yearly loss and the red margins can be attributed to weak sales numbers of the Wii U console. Nintendo's CEO Satoru Iwata has predicted the company will post a 100 billion-yen operating profit for the 2013 fiscal year.

 

"I don't think Nintendo can achieve 100 billion yen," said Yoshikazu Shimada, an analyst at Tachibana Securities Co. "It's hard for Nintendo to meet the target despite the weak yen's tailwind." Hideki Yasuda, a Tokyo-based analyst at Ace Securities Co. also criticized the CEO saying, "Iwata hasn't produced good results in recent years. He can't avoid being criticized."

AT&T Q1 2013 results show revenues of $16.7 billion, income of $4.7 billion

US carrier AT&T have released their earnings for Q1 2013, which includes both their wireless and wireline businesses. Revenues were strong, with a total of $16.7 billion taken in for the three-month period, up 3.4% year-over-year.

 

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$4.7 billion of operating income was recorded, a number that is up 4.1% year-over-year. AT&T took in an additional 296,000 postpaid net customers, with postpaid churn improved by 1.04%. 1.2 new million smartphone subscribers were added in the three-month period, with postpaid data ARPU up 18%.

 

Currently, AT&T cover 200 million POPs with their LTE network, which is running ahead of schedule. Before the end of the year, AT&T plan to reach 90% of their goal, which is to have 300 million POPs covered - a 50% increase. AT&T have also said that 60% of their customers have a 4G (which is HSPA+ or better) device, with over half of those being LTE-capable.

LG Display posts lower profits, demand for the iPhone and iPad screens weaken

Apple may have had a great day at their earnings call earlier, but we have also reported that we shouldn't expect any new iDevices between now and Q4 of this year. Why? Well, maybe because "demand for iPhone and iPad screens weakened amid concerns that Apple was losing its luster in the mobile device market".

 

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This is from Reuters, who reports that LG Display, who are an iPhone and iPad screen supplier, have posted a drop of 74% in quarterly earnings. With Apple devices accounting for around 30% of LG Display's overall revenues, their drop in earnings could at least be tied to the lackluster iPhone sales.

 

Could this be another reason we won't see another iPhone anytime soon? Have Apple needed to go back to the drawing board with the increased competition from Samsung and co? Maybe an iPhone 5S isn't enough to inject sales of the iPhone for Apple.

Apple have had their 'best quarter ever' in China

Apple just reported their Q2 2013 earnings, where they saw a hefty $9.5 billion in profits over $43.6 billion of revenue - they also sold bucket loads of iPhones and iPads, but how is their market over in China? Booming, that's how.

 

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Apple CEO Tim Cook and CFO Peter Oppenheimer took some time from the earnings call to talk about the increasing market in China - where they were presented with a question about Apple's present, and future access in the country. Even with Apple not selling the iPhone on the biggest carrier in the country, the Cupertino iPhone maker claimed to have their "best quarter ever" regionally.

 

Chinese revenue for Apple was $8.8 billion, up 11% year-over-year. Sales of the iPad grew a huge 138% in the same time frame. Both the iPhone and iPad have seen record sell-through rates in stores throughout China. Apple maintain 11 stores in the country, a number that is set to double in the next two years.

Apple's Q2 results released, Apple pulled in $9.5bn in profit, $43.6bn in revenue

Today was a big day for Apple as they released their second quarter financial results. Apple's stock has been in a free fall as of late and this quarter's earnings needed to be good for Apple to stop their stock from falling any further. The official numbers are in and Apple pulled in a quarterly revenue of $43.6 billion, up from $39.2 billion for the second quarter of last year.

 

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While revenue was up, profit was down. Apple pulled in a net profit of $9.5 billion, down from $11.6 billion from the same quarter last year. Apple sold 37.4 million iPhones and 19.5 million iPads. During the same period last year, Apple sold 35.1 million iPhones and just 11.8 million iPads. Mac sales continue to be flat, with Apple selling just shy of 4 million units during the quarter.

 

Apple's stock price increased by roughly 5 percent during the conference call. It will be interesting to see how the stock fairs tomorrow during normal trading.

 

Tim Cook:

We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad. Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline.

Apple issuing iPhone 4 'antennagate' settlement checks, owners start to receive $15 checks

Apple's "antennagate" scandal has almost come to a close. Owners of iPhone 4 devices have started to receive their $15 check from Apple, their portion of the settlement fund. The checks are being issued to those owners who did not receive a free bumper for the defective iPhone 4.

 

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The check must be cashed before the date listed, which appears to be 90 days out from the date of issue. For those who didn't submit a claim, you appear to be out of luck. If you miss cashing the check in time, you're also out of luck as Apple will not reissue the check.

 

The settlement was a total of $53 million, though lawyers got their hands on $16 million of it. The settlement found that Apple misrepresented and concealed material information about the iPhone 4, particularly the antenna and reception quality.

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