Wireless in the second quarter of 2012

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How did the wireless industry perform in the second quarter of 2012? Check here throughout the second-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.

Don't forget to check out our third quarter 2009, fourth quarter 2009, first quarter 2010, second quarter 2010, third quarter 2010, fourth quarter 2010, first quarter 2011, second quarter 2011, third quarter 2011, fourth quarter 2011  and first quarter 2012 wrapup pages.

Finally, check out our list of the top U.S. carriers in the second quarter and the top 11 handset makers in the second quarter.


June 28
Research In Motion (NASDAQ:RIMM)
RIM said it is delaying the launch of its BlackBerry 10 platform until the first quarter of 2013 and is going to cut 5,000 of its 16,500 employees as it works to stay afloat amid its transition to the new platform.
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- see this release
- see this Seeking Alpha transcript
- more RIM news

July 18
Ericsson (NASDAQ:ERIC)
Ericsson reported weaker sales and a sharper than expected drop in second-quarter profit as carriers cut back on networks sales. However, the Swedish vendor said that it expects results to improve toward the end of the year.
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- see this release
- see this Ericsson report (PDF)
- more Ericsson news

Qualcomm (NASDAQ:QCOM)
Qualcomm is struggling with supply constraints and a reduced outlook for global cellular device shipments, but executives cited a number of bright spots, including several related to spectrum and the company's Wi-Fi chip business during a conference call to review fiscal third-quarter results. The company's net incomerose 24 percent year-over-year to reach $1.21 billion, compared with a profit of $1.03 billion a year earlier. Quarterly revenue reach $4.63 billion, up 28 percent from $3.62 billion in 2011's same period, but analysts had expected to see 2012 third-quarter revenue of more than $4.67 billion.
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- see this release
more Qualcomm news

July 19
Verizon (NYSE:VZ)
Verizon Wireless' expansion of its LTE network and subscriber base continued apace in the second quarter, as the carrier reported 3.2 million LTE device activations, up from 2.9 million in the first quarter and its most ever in a quarter. The company now counts 10.9 million LTE connections, up from 8 million in the first quarter. Verizon also grew its wireless margins to a record high in the quarter.
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- more Verizon news

Nokia (NYSE:NOK)
Nokia offered a ray of sunshine to battered investors with second-quarter results that surpassed some expectations. Perhaps most importantly, the company reported Lumia smartphone sales that were above estimates--Nokia said it sold 4 million Lumia phones during the period, while analysts had expected the company to report sales of around 3.8 million, according to Bloomberg.
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- more Nokia news

Nokia Siemens Networks
Nokia Siemens reported another quarterly drop in sales and a negative operating margin, but its operating margin was improved from the first quarter. The company also said it remains on track with its restructuring program.
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- more NSN news

Google (NASDAQ:GOOG)
Google offered little insight into its recently completed $12.5 billion acquisition of Motorola Mobility during its second-quarter conference call, offering only barebones financial details on the company and a few comments on the company's performance in the quarter. Overall, Google reported net income in the second quarter of $2.79 billion, up from the $2.51 billion it scored in the second quarter of 2011. Google's overall consolidated revenues were $12.21 billion for the quarter, an increase of 35 percent from the same period a year ago.
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- see this release
- more Google news

July 24
AT&T (NYSE:T)
AT&T Mobility posted solid wireless results in the second quarter, though it added fewer postpaid subscribers than a year ago. However, thanks to the carrier's tightened upgrade policies, AT&T's wireless service margin rose to its highest level ever. The trend was similar to that reported by AT&T rival Verizon Wireless in its second-quarter results.
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- see this release
- more AT&T news

Apple (NASDAQ:AAPL)
Apple announced quarterly iPhone shipments that were below some analysts' expectations, news that sent the company's stock down almost 5 percent in after-hours trading immediately following the announcement.
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- see this  release
- more Apple news

July 25
LG
LG Electronics reported an operating loss in its handset business in the second quarter amid higher marketing costs and lower sales. However, the company is hopeful it can produce better results in the second half of the year.
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- see this release
more LG news

Zynga (NASDAQ:ZNGA)
Zynga blamed its second quarter net losses of $22.8 million on recent changes made by social network Facebook as well as diminishing mobile traffic for high-profile acquisition Draw Something.
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- more Zynga news

July 26
Sprint Nextel (NYSE:S)
Sprint added a net 283,000 customers in the quarter as it migrated customers off its legacy Nextel iDEN network and onto its CDMA network. The company is now fully in the midst of decommissioning its iDEN network and said is ahead of pace in shutting down the network, which it expects to do as soon as June 30, 2013.
- see this article
- see this release
- more Sprint news

MetroPCS (NYSE:PCS)
MetroPCS said that nearly 90 percent of its network is now outfitted with LTE and the regional operator plans to launch six to seven new LTE handsets by year-end. Many of those handsets will be in the $99 to $149 price range to fit with the company's promotional plan to provide "LTE for All."
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- see this release
- more MetroPCS news

Alcatel-Lucent (NYSE:ALU)
Alcatel-Lucent said it will cut 5,000 jobs across all regions as part of a new restructuring program that it announced amid a net loss for the second quarter and lower sales, especially of network equipment.
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- see this release
- more Alcatel-Lucent news

Clearwire (NASDAQ:CLWR)
WiMAX provider Clearwire reported a net customer loss of 41,000 subscribers in the second quarter as it treads water in advance of its TDD-LTE network buildout. However, the company said it is making progress toward the LTE launch and will be in a stable financial position for the next year.
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- see this release
more Clearwire news

July 27
Samsung
Samsung Electronics once again soared to a record profit in the second quarter. The company handily beat Nokia to retain its spot as the world's largest handset maker, and it outsold Apple to remain the world's largest smartphone vendor, according to analyst estimates. Samsung's bottom line was significantly boosted by the Galaxy S III, Samsung's latest flagship smartphone--Samsung has sold more than 10 million Galaxy S IIIs so far.
- see this article
- see this Samsung release
- see this Samsung presentation (PDF)
- more Samsung news

América Móvil (TracFone)
América Móvil's U.S. MVNO, TracFone, reported a gain of 1.2 million net new customers in the second quarter, but almost all of that growth came from the company's May acquisition of former T-Mobile USA MVNO Simple Mobile.
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- see this release (PDF)
- more TracFone news

Aug. 3
U.S. Cellular
U.S. Cellular continued in the second quarter its recent trend of reporting growing smartphone penetration and average revenue per user while posting falling subscriber numbers. However, the company recently launched a major advertising push to highlight its offerings and customer service advantages, an effort CEO Mary Dillon believes will help attract customers.
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- see this release
- more U.S. Cellular news

Aug. 6
Leap Wireless (NASDAQ:LEAP)
After a disastrous second quarter, Cricket provider Leap Wireless said it would not make its $75 million minimum wholesale purchase commitment of network access from Sprint Nextel . "Due to certain provisions in the wholesale agreement, we do not believe the company is obligated to meet this commitment in 2012, although we expect to satisfy a significant majority of it in any event," said Leap CEO Doug Hutcheson. "Sprint has not agreed to our decision and we are in discussions with them."
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- see this release
- more Leap news

Aug. 9
T-Mobile USA (Deutsche Telekom)
T-Mobile USA swung back to losing customers in the second quarter, with postpaid subscriber losses overshadowing gains the company made in the prepaid market. The carrier also said it continues to make progress on its planned LTE buildout, with service still set to launch next year.
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- see this release
- more T-Mobile news

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