New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Bellevue, Wash. — T-Mobile USA posted first-quarter net income of $107 million following two consecutive quarters of net losses and gained more net new subscribers in the quarter than it did in all of 2012.
The first-quarter’s net income to $107 million, however, was still 47 percent below that of the year-ago period but better than the fourth quarter’s $8 million net loss and the third quarter’s $7.7 billion net loss, which was due to a one-time $8.1 billion good-will impairment charge triggered by the planned merger of MetroPCS and T-Mobile.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Naperville, Ill. — OfficeMax reported lower sales but higher operating and net income for its fiscal first quarter, ended March 30.
The chain, which agreed to be acquired by Office Depot in a $1.17 billion deal set to be completed by the end of the year, said total sales were $1.76 billion in the first quarter of 2013, compared with $1.87 billion in the first quarter of 2012.
Tokyo — Toshiba’s digital products segment reported lower sales but a lower operating loss for the fiscal year, ended March 31.
Sales dropped 228.3 billion yen to 1,432.7 billion yen ($15.2 billion), a 14 percent decrease. The operating loss improved by 2.8 billion yen to 24.4 billion yen ($259.4 million), compared with the prior year.
Taoyuan, Taiwan – HTC’s net profits fell at a double-digit rate for the sixth consecutive quarter in the company’s 2013 fiscal first quarter, when net profits after taxes fell 98 percent to NT$85.1 million ($2.88 million).
Net profits also fell on a sequential basis from the fourth-quarter’s NT$1 billion ($33.8 million).
Stamford, Conn. –Harman reports that home audio and multimedia products grew 17 percent in the company’s fiscal third quarter ending March 31.
Chairman Dinesh Paliwal said operating margins hit the high single digits in the three-month and nine-month periods, but did not reveal specific dollar volumes.
Paliwal did note the segment’s nine-month operating margin hit a record-high 8 percent. He also said he expects full-year home/multimedia sales to be “close to $600 million.”
San Diego – No-contract carrier Leap Wireless suffered continued subscriber losses, a revenue decline, and higher operating and net losses in its fiscal first quarter compared to the year-ago quarter.
In contrast, the company shrank its fourth-quarter and full-year net loss in 2012.
Port Washington, N.Y. – IT and CE seller Systemax reported a $6.3 million loss for the first quarter ended March 3, compared to year-ago earnings of $7.1 million, due to weakness in its retail businesses.
Net sales slipped 3.6 percent to $880.7 million and comp store sales declined 3.3 percent in the U.S. and Europe.
Retail sales, which include TigerDirect in the U.S., fell 10.9 percent, while b-to-b sales, which comprise about 62 percent of the business, increased 1.6 percent.
Shizuoka, Japan — Yamaha returned to profitability with $42.3 million in net income for its fiscal year ending March 31.
That reverses a previous-year net loss of $301.5 million caused by a restructuring of the company’s domestic Japan business, Yamaha said.
The company also forecast growth in revenues and net income in fiscal 2014.
North American audio sales were up for the year, the company noted.
New York — SiriusXM posted a 15 percent gain in first-quarter net income to $124 million on a 12 percent rise in revenues to $897 million and a 12 percent jump in net new subscribers to 453,000.
The subscriber additions were the highest of any first quarter since Sirius and XM merged in 2008, in part because of growing reactivations of OEM satellite radios in used cars.
The first-quarter subscriber additions boosted the company’s subscriber base to a record 24.4 million, up 9 percent from the year-ago quarter.
Boca Raton, Fla. — Office Depot reported lower sales and a net loss of $17 million in the first quarter, ended March 30.
Sales were $2.7 billion, down 5 percent compared with the first quarter of 2012 in both U.S. dollars and in constant currency. Sales in the quarter were negatively impacted by approximately $58 million compared with the prior year due to a shift in the timing of the New Year and Easter holidays.
Office Depot had a net loss of $17 million compared with net earnings, after preferred stock dividends, of $41 million in the first quarter of 2012.