New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Cupertino, Calif. – Apple reported higher sales but lower profits in its fiscal second quarter ended March 30, selling more iPhones and iPads than the same quarter last year.
Apple posted quarterly revenue of $43.6 billion compared with $39.2 billion in the year-ago quarter. Profits were $9.5 billion, down from the net profit of $11.6 billion last year.
Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.
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.
Fort Worth, Texas – RadioShack lost $43 million during the first quarter, ended March 31.
Sales slipped 7 percent to $849 million and comparable store sales were down 5.7 percent.
The company also reported an operating loss of $19 million, compared to operating income of $7 million last year.
RadioShack attributed $8.5 million of its net loss to its Target mobile center business, which has since been discontinued.
Seoul, South Korea — LG Display reported Monday its fourth consecutive quarterly net operating profit after seven losing quarters.
LG Display said earnings for its fiscal first quarter, ended in March, were 151 billion won ($135 million). The company showed an improvement from 211 billion won reported in the year-ago period, but was down 74 percent from the previous quarter.
Miami— Almost everything’s coming up roses for no-contract cellular MVNO TracFone Wireless, owner America Movil reported.
America Movil of Mexico City is Latin America’s largest cellphone carrier. It also operates landline phone and broadband networks and pay-TV service. TracFone sells service under the Telcel America, Straight Talk, Simple Mobile, NET 10 and Safe Link Wireless brands.
Redmond, Wash. — Microsoft reported higher revenue, net income and operating income in its fiscal third quarter, ended March 31.
Revenue was up $3 billion to $20.5 billion. Net income was up about $1 billion to $6.05 billion, and operating income was up $1.3 billion to $7.6 billion.
Mountain View, Calif. – Google-owned Motorola Mobile saw its first-quarter sales shrink 54 percent to $1.02 billion compared to the year-ago period and its operating losses grow 124 percent to $271 million, Google’s financial reports show.
The GAAP financial information is based on Google’s report of Motorola’s first-quarter mobile-phone performance and a year-ago financial report on the mobile business issued by Motorola before it was purchased by Google in May 2012.
Espoo, Finland – Nokia sold fewer cellphones in North America in the first quarter compared to the year-ago period, but their dollar volume rose as the company shifted more sales to smartphones from feature phones.
Global consolidated operating profit fell back into the red in the quarter following a fourth-quarter operating profit that had reversed a string of six consecutive quarterly losses.
Issaquah, Wash. — Costco cited CE among its better-performing hardlines categories in March.
Comp-store sales of hardlines rose by the mid-single digits for the five weeks, ended April 7, the retailer reported.
Janney Montgomery Scott analyst David Strasser noted that CE’s resurgence at Costco began last May, differentiating the warehouse club from industry trends.
Costco’s total U.S. comp-store sales increased 6 percent during the period, excluding the impact of lower gasoline prices, and net March sales rose 7 percent to $9.7 billion.
Taoyuan, Taiwan — Revenues at smartphone market HTC continued to decline in March and for the first quarter at double-digit percentage rates following a full-year double-digit decline in fiscal 2012.
The quarter marks the fifth consecutive quarter of double-digit percentage declines in revenue.
For the quarter, sales were off 36.9 percent to NT$42.8 billion ($1.43 billion).
The Woodlands, Texas — Conn's reported major revenue gains for its fiscal fourth quarter and year, and posted net income gains for both periods, ended Jan. 31.
In its fiscal fourth quarter, consolidated revenues grew 10.4 percent from the prior-year period to $250.3 million. Net income for the quarter was $17.7 million, up from the prior year’s $7.7 million.
Same-store sales increased 7 percent year over year, on top of same-store sales growth of 12.1 percent last year, Conn’s reported.