Wireless in the first quarter of 2010

How did the wireless industry perform in the first quarter of 2010? Check here throughout the first quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.

Also, don't forget to check out our fourth quarter 2009 and third quarter 2009 wrapup pages. And make sure to check this summary of the world's handset makers' performance in the first quarter and this ranking of the top 10 U.S. carriers in the first quarter.

 

 

April 16
Sony Ericsson
After a string of quarterly losses, Sony Ericsson reported its first net profit since the second quarter of 2008, surprising analysts by bouncing back on cost cutting and a refreshed portfolio. However, despite the profit, the company's sales fell in the quarter; Sony Ericsson said its CFO was stepping down.
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April 20
Apple (NASDAQ:AAPL)
Apple sold a record number of iPhones in its most recent quarter, and reported strong increases in profits and revenue. Apple sold 8.75 million iPhones in the quarter, representing a 131 percent increase from the 3.79 million it sold in the year-ago quarter, and slightly higher than the 8.7 million it sold in the last quarter.
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April 21
AT&T (NYSE:T)
AT&T touted the strength of its connected devices unit during its first quarter 2010 earnings call. The company reported an increase of 1.9 million net wireless subscribers, bringing its total base to 87 million. AT&T noted that during the quarter it activated 2.7 million iPhones but attributed its strong growth to the 1.1 million in connected devices such as ereaders and other products that it added to its network.
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Qualcomm (NASDAQ:QCOM)
Chip heavyweight Qualcomm posted solid gains in revenue and profits in its fiscal second quarter, but the company's prediction of declining earnings in the coming months appeared to jolt investors, who sent Qualcomm's shares down by more than $2 per share following the news.
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April 22
Verizon (NYSE:VZ)
Verizon Wireless may finally be seeing a slowdown in its postpaid subscriber growth. During its first quarter earnings call with investors this morning, the company reported it added 1.6 million net new customers in the first quarter of 2010, bringing its total subscriber base to 92.8 million. However, it noted that just 423,000 retail postpaid customers were added in the quarter; the firm's biggest growth came from its 1.3 million reseller customers.
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Nokia (NYSE:NOK)
Nokia reported a sharp rise in profits in the first quarter, another indication that the broader handset market is recovering. However, the world's largest mobile phone maker's earnings missed analysts' estimates, increasing concerns about Nokia's smartphone strategy.
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April 23
Ericsson (NASDAQ:ERIC)
Ericsson's net first-quarter profit slumped 26 percent, bruised by weaker sales in emerging markets and continued restructuring charges.
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April 28
Sprint (NYSE:S)
Sprint Nextel continued to lose wireless subscribers in the first quarter and reported a wider net loss, but the company made progress toward overall subscriber growth. The nation's No. 3 carrier noted that it had its best year-over-year postpaid subscriber results in five years.
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April 29
Motorola (NYSE:MOT)
Motorola swung to a net profit in the first quarter, bouncing back from a year-ago loss. However, overall sales at the company's mobile devices division fell in the quarter despite a jump in smartphone sales.
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LG
LG suffered notable declines in its mobile business with sluggish sales, shipments and margins, though the company promised to reverse the trend with investments in smartphones and global expansions.
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April 30
Samsung
The pressure from competitors put a slight dent in Samsung's first quarter cell phone market share. The company reported that it sold 64.3 million devices in the first quarter, an increase of 40 percent year over year.
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May 5
Clearwire (NASDAQ:CLWR)
Clearwire posted largely solid first-quarter results, showing gains in subscribers and better-than-expected financials.  The company promised to sell two Clear-branded WiMAX smartphones by year-end, and said that it has revised its WiMAX-exclusive technology agreement with Intel, thereby giving Clearwire the option of adopting LTE.
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May 6
MetroPCS (NYSE:PCS)
MetroPCS notched strong subscriber growth and better-than-expected revenue in its first quarter, offsetting a drop in profit. The flat-rate carrier said it remained on track to launch a prepaid LTE service in select markets in the second half of the year, but remained mum on pricing details.
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Leap Wireless (NASDAQ:LEAP)
Leap Wireless reported a wider net loss in the first quarter. Though its net subscriber additions for its Cricket-branded service remained relatively stable, the company saw its average revenue per user drop significantly.
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Alcatel-Lucent (NYSE:ALU)
Alcatel-Lucent said a component shortage in the first quarter meant it was unable to fulfill some orders from customers, leading to a decline in revenue and a wider net loss.
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May 12
Deutsche Telekom (T-Mobile USA)
T-Mobile USA reported weaker results in the first quarter, with subscriber losses returning as questions persisted about the carrier's 4G network strategy. The carrier's parent company, Deutsche Telekom, said it remains open to working with another operator for a next-generation network, but declined to provide specifics.
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June 24
Research In Motion (NASDAQ:RIMM)
RIM announced gains in most of its fiscal first-quarter financial metrics, including increases in revenues, net income and BlackBerry shipments. However, the company's BlackBerry shipments were below what some analysts had expected, according to Reuters.
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