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Seoul — LG Electronics reported higher fiscal second quarter revenue on record smartphone unit sales, but slightly lower operating and net profits.
LG said its mobile phone business shipped 12.1 million smartphones between April and June, the highest ever in the company’s history.
Revenues in the 2013 second quarter rose 10.1 percent year-over-year to $13.6 billion reflecting strong sales increases in most of LG’s business units.
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.
Cupertino, Calif. — Apple reported higher revenue, with record iPhone sales, but lower net profit in its fiscal third quarter, ended June 29.
Apple posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion. These results compare with revenue of $35 billion and net profit of $8.8 billion in the year-ago quarter.
Gross margin was 36.9 percent compared with 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.
Benton Harbor, Mich. -- Whirlpool posted a strong gain in profit in the second quarter, reporting a net of $198 million, up from $113 million in the year-ago period.
Sales in the quarter for the company's Whirlpool, Maytag and KitchenAid appliances were $4.7 billion compared with the $4.5 billion reported during the same period last year. Excluding the impact of both foreign currency and Brazilian tax credits, sales increased almost 6 percent, the company said.
Stockholm – Electrolux’s North American sales and earnings helped the white goods giant post earnings of 642 million Kronor on sales of 26.7 billion Kronor for the second quarter.
This figure was down slightly from the same period in 2012, but company executives were upbeat for the both the North American and European markets.
Redmond, Wash. – Microsoft reported higher revenue and net income for its fiscal fourth quarter and fiscal year ended June 30.
Revenue for the quarter was $19.9 billion, up from the prior year’s $18.1 billion. Fiscal year revenue was $77.8 billion compared with the prior year’s $73.7 billion.
Net income for the quarter was $4.98 billion, reversing the prior year’s loss of $492 million. Net income for the year was $21.8 billion, up from the prior year’s $16.9 billion
Espoo, Finland – Nokia’s North American handset sales dropped in dollars in the second quarter, reversing a second-quarter and full-year 2012 gain.
North American handset dollar volume dropped 4 percent year-over-year to 123 million Euros $161.2 million) on a steeper unit-sales drop of 17 percent to 500,000 units. Sequentially, however, unit sales were up 25 percent, and dollar sales were up 22 percent.
Bedminster, N.J. – Verizon Wireless posted strong gains in wireless operating revenue, margins, and income in the second quarter, thanks to a rising number of more profitable retail postpaid subscribers and a rise in revenues per account.
The carrier attributed rising revenues per account to rising data consumption driven by rising 4G LTE adoption rates and by the carrier’s Share Everything plans.
Hauppauge, N.Y. — Voxx International turned a net profit and higher operating income, but sales were slightly off in its fiscal first quarter, ended May 31.
Net income was $2.1 million in the quarter compared with a prior year’s net loss of $4.7 million. Operating income for the quarter was $3.4 million, an 11.6 percent gain over the year-ago period performance of $3.1 million.
Net sales were $193 million, a decrease of $1 million, or 0.5 percent, compared with net sales of $194 million reported in the comparable year-ago period, Voxx reported.
Taoyuan, Taiwan — HTC reported declining results in its fiscal second-quarter financial when stacked up against the prior-year period.
The handset maker said total revenues reached NT$70.7 billion for the second quarter of 2013. This compares with NT42.8 billion in the first quarter but is down from NT$91 billion the prior-year period.
Operating income was NT$1.05 billion, down from NT$8.2 billion in the second quarter of 2012.
Waterloo, Ontario — BlackBerry reported higher sales, but posted a loss and said it would drop tablet development.
BlackBerry revenues rose 9 percent to $3.1 billion in the company’s first fiscal quarter ended June 1, compared with the year-ago period. But it posted a net loss of $84 million compared with fourth-quarter net income of $94 million and third-quarter net income of $14 million. The quarter’s losses are still better than the year-ago net loss of $518 million.