Super Mario Run was the hottest game on iOS for months after it hit the App Store. It has now been downloaded more than 200 million times on mobile, and yet, the title is yet to reach “an acceptable profit point,” Nintendo says.
That’s bad news for fans of Nintendo’s mobile games.
Apple has scheduled its next earnings call for Tuesday, July 26, at 2 p.m. Pacific. The call, which will be broadcast live, will cover the company’s third fiscal quarter results following the first-ever decline in iPhone sales last quarter.
T-Mobile is doing pretty hot lately, but it’s unfortunately at Sprint’s expense. While the latter carrier has been declining in market share for the past couple of years, it’s finally now in last place out of the four major U.S. wireless carriers. T-Mobile snatched the bronze model.
In the quarterly earnings call, Sprint said it had 57.7 million customers with a net gain of 675,000. T-Mobile, however, gained 2.1 million customers last quarter for a grand total of 58.9 million.
Despite “weaker” orders from Apple during the second quarter, Foxconn managed to post revenue that beat analyst estimates thanks to its increased focus on televisions. The company announced revenue of NT$897 billion ($30 million) over the three-month period, which is 0.6% higher than its second-quarter revenue for 2012, and better than the NT$829 billion expected by analysts.
Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.
Over at Asymco, noted Apple analyst Horace Dediu takes a moment to look at the iTunes App Store from the perspective of a “break even” model, a perspective that Apple has only recently started to discuss as perhaps more than breaking-even. Dediu notes that with the quintupling of growth of the overall beast that is iTunes (including music, video, and iOS app software), an analysis of Apple’s business practices as well as the App Store’s economy of scale suggests that Apple is doing quite a bit better than “breaking even.”
The iBookstore might not be the most profitable leg of Apple’s empire, but it is said that Apple doesn’t get into a business if it can’t make a billion dollars off of it… so no surprise that the iBookstore is a billion dollar business, even if it’s not much more than that.
Apple stock opened at $457.70 this morning, down more than 10%, following its financial results on Wednesday. The Cupertino company announced $13.1 billion profit for the first quarter of 2013, a slight increase over the $13.06 billion it posted for the first quarter of 2012. But despite that increase, it’s clear Apple’s phenomenal growth has hit a stumbling block.