Earnings, Smartphone | featured news

Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up.

Fresh off its partnership announcement with Facebook last week on the Android-based Facebook Home, HTC had news of a more troubling nature to share with investors Monday — its quarterly earnings report. The company, reported profits had fallen 98 percent from the same period last year to $2.83 million. The Associated Press reported this was the firm’s lowest quarterly profit on record.

Apple Inc missed revenue expectations for the third straight quarter after sales of its flagship iPhone came in below Wall Street's targets, driving its shares down 6 percent.

Samsung sold more than 97 million mobile phones in the third quarter, besting Apple’s (NASDAQ: AAPL) iPhone by more than 74 million units. According to Gartner (NYSE: IT), nearly 428 million mobile phones were sold during the quarter. Approximately 23.5 million of those phones were manufactured by Apple — 97.9 million were made by Samsung.

Research In Motion shares rise in after-hours trading as the maker of the Blackberry posts a smaller-than-expected quarterly loss.

If Apple Inc's weaker-than-expected quarterly result is anything to go by, the global smartphone industry is a lot more vulnerable to economic shocks these days than during the 2008-2009 financial crisis.

AT&T Inc pulled back its outlook for business services this year, sending its shares down 3 percent despite its better than expected quarterly profit as it reduced costs from customer upgrades to smartphones such as the Apple Inc iPhone.

Research in Motion unexpectedly announced on Thursday that a new line of phones that it still hopes will revive its BlackBerry brand will be delayed until next year... Research in Motion, the company behind BlackBerry phones, also reported at $518 million loss for the first quarter.