Tesla just reported their Q3 Vehicle Deliveries and Production results for the Model S, Model X, and Model 3. This was apparently the company's all-time best quarter for deliveries on both the Model S and the Model X - by just a tiny bit - at a 4.5% increase over this same quarter in the year 2016. Quarter-by-quarter, though, Tesla's production rose a cool 17.7% (over Q2, 2017).
Apple's latest earnings call says that Services Revenue is the big winner for the quarter - while the rest is up for the third quarter in a row. That includes quarterly revenue of $45.4 billion compared to this same quarter one year ago at a revenue of $42.4 billion. "With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue," said Apple CEO Tim Cook.
Apple has just announced the results of its third fiscal quarter 2017, and detailed among the numbers is word about the iPhone's performance. The company has revealed that its iPhone sales were better than had been expected, increasing 1.6-percent year-on-year to hit the 41.03 million unit mark this past quarter; this is compared to the 40.4 million units it moved in the same quarter last year.
We've been anticipating such an announcement for a couple months, and now it's finally here: Samsung has officially bumped Intel down a peg, taking over the top slot as the world's premiere chipmaker. It has been expected for a couple months now that Samsung would announce record-breaking profits in its latest Q2 report, and that's exactly what happened. Among the details is a big tidbit: Samsung's chip business had higher sales revenue than the entirety of Intel this past quarter.
The LG G5 was an utter flop last year. But if LG was hoping the G6 would be its salvation, better luck next time. The Korean giant has just released its second quarter financials and, while it’s doing OK over all, its mobile division isn’t turning out to be so healthy. LG says that its mobile business basically saw no change compared to second quarter of 2016. And that’s all due to the “weaker than expected” sales of premium smartphones, a.k.a. the LG G6.
Tesla's first quarter fiscal results are in and things are looking up. The company reports a huge 64-percent vehicle production increase year-on-year; during Q1, the automaker delivered 25,051 vehicles to customers. This ultimately resulted in $2.7 billion in GAAP revenue, though year-on-year losses increased this past fiscal quarter due to 'operations improved' during its most recent fourth fiscal quarter. All things considered, Tesla says that it is still on track for the initial Model 3 production to kick off in July.
HTC's latest financial report for the three months ending on December 31st, 2016 show the company in flux. The first several financial highlights the company made in this call were of positive revenue but an operating loss and a net loss after tax. Revenue for this quarter sits at NT$22.2 billion with a gross margin of 10.5%, while HTC's quarterly operating loss was a cool NT$3.6 billion with an operating margin of negative 16%.
Apple has announced its latest first quarter earnings, revealing good numbers mostly across the board, including an all-time quarterly revenue record. iPhone sales are particularly exciting, with company CEO Tim Cook announcing that Apple sold more iPhones over this past holiday season than ever before. It wasn't all good news, though, as the iPad -- while climbing a bit over the company's Q4 2016 numbers -- saw significant year-on-year decreases.
Not so long ago, Fitbit, whose name has almost become synonymous with fitness trackers, purchased smartwatch darling Pebble, and, in the process, killed the latter’s smartwatches. Shortly after that, it purchased Vector Watch, another smartwatch maker startup. If you thought those purchases were signs of a strong company ready to gobble up competition and fresh blood, Fitbit’s Q4 earnings call might prove otherwise. According to The Information, the company actually had a very bad quarter and, as a consequences, could be letting go of some of its employees.
Tesla had a profitable third quarter this year, the company has announced. The GAAP net income hit the $22 million mark, with Tesla saying it saw $176 million in free cash flow. The company goes on to say that gross profit-per-car, as well as GAAP total automotive gross margin, both increased ‘substantially’ in its fiscal third quarter. Tesla anticipates trends including positive GAAP net income, to continue on into the fourth quarter even though ‘ZEV credit sales’ will ‘likely [be] negligible.'
Apple has announced its Q4 earnings for the quarter ending on September 24, saying it made $46.9 billion in revenue with a $9 billion net income (working out to $1.67/diluted share). Company CEO Tim Cook called the quarter successful, saying, ‘We’re thrilled with the customer response’ to the company’s newest products, ‘as well as the incredible momentum of our Services businesses,’ the latter of which set a new record for Apple.
Google's parent company Alphabet Inc. is soaking it up today, as its financial results for the second quarter are in and they're looking good in almost every area. The company is showing significant year-over-year growth in most areas, with Alphabet CFO Ruth Porat saying that the company is now reaping the benefits of the investments it has made in the mobile and video spaces.