Samsung’ s telecom business reported $5.6bn in revenues (+21%) in 1Q08, of which $4.7bn in handsets. The operating profit grew 53% to $924m. Samsung delivered 46.3m handsets in the quarter.
Ericsson reported better than expected results after its profit warning two weeks ago. Sales amounted to € 4.7bn (up 5%) and net income to €284m down 55%. Gross margin was down 4.5pp in the quarter to 38.6%.
Sony Ericsson said its 1Q08 net income dropped 47% to $213m, on sales of $4.3bn (down 8%). SE shipped 22.3m (+2%) handsets in the quarter for a 8% market share (down 1pp). Handset ASP declined 10% in the quarter.
Apple said its FY2Q net income was $1bn (+36%) on sales of $7.5bn, up 43%. Apple sold 2.3m MacBook Air units (+51%), 10.5m iPods (+1%) and 1.7m iPhones. The only bad news is the decline of the gross margin by 3pp to 33%, due to low-margin video and music iTunes sales as well as iPod Shuffle lower selling price by 48%.
Qualcomm announces strong sales to $2.6bn (+17%) and net income of $766m (+6%), exceeding forecasts.
Tellabs posted 1Q08 revenues up 3% to $464m, but earnings were down 35% to $17m. The share went down 17% to $5 on the news.
NEC is cutting its net profit outlook by 40%, due to restructuring costs in its mobile phone and microchip operations.
Zhone Technologies reports 1Q08 revenues of $43m (flat) and narrows its net loss of $1m (from $4.8m last year).
Infinera said its 1Q08 revenues were $138m, up 181%, and net income of $28m (vs a net loss of $4m last year).
ZTE announced a 44% increase in 1Q08 revenues to $1.25bn (+44%) and a net income of $9m. Most of sales' growth is coming from the mobile infra business (+114%), while legacy switching and access sales grew by 26%and optical and data systems grew by 40%.
Juniper Networks posted 1Q08 revenues of $823m (+31%) and net income of 110m (+66%).