Netflix continued to post impressive quarterly financial numbers, ending the first quarter 2011 as the largest subscription video service in North America. In the first quarter, Netflix added 3.6 million subscribers, ending the period with more than 23.6 million subscribers in total. That was up 69 percent from the 14 million subscribers it had a year ago. To put that in context: Comcast ended 2010 with 22.8 million pay TV subscribers. While it's always possible the cable company could report subscriber additions in the first quarter, it's unlikely to do so, given its declines over the last several quarters. Most of Netflix's customer additions came in the U.S., where it added 3.3 million new users to end at 22.8 million subscribers. Internationally, Netflix added an additional 290,000 subs, to bring total international users to 800,000. Netflix's revenue for the quarter came in at $719 million, which was 46 percent higher than the prior year's first-quarter sales of $494 million. The company recorded net income of $1.11 cents a share, compared to 59 cents a share in the year-ago quarter and 87 cents a share in the fourth quarter of last year.
Firm to host Analyst Roundtable at CONNECTIONS™
The ProUltra Elite cable boasts superior construction, ensuring improved performance for a variety of home theater components
RadioShack's profit dropped 30 percent to $35 billion, which the company attributed to stiff competition as well as a contract dispute with T-Mobile. The company's mobility business did grow by 11 percent, the company said. "Despite a challenging economy and tough weather conditions, our first-quarter results were generally in line with our internal expectations," the company's president and CEO-designate, Jim Gooch, said as part of the announcement. "We expect the softness in our business to continue during the second quarter before we begin to see the benefits of our merchandising and sales initiatives improving both revenue and income trends in the back half of the year. In addition, growth in our mobility business will be aided by our tablet computer offerings, which are being introduced this month."
Nearly 20 percent of all TVs shipped in 2010 featured connected TV capabilities, according to new research released Monday by DisplaySearch. The DisplaySearch Q1 2011 Quarterly TV Design and Features Report, predicts the connected TV category to grow to over 123 million shipments in 2014 (at a 30 percent compound annual growth rate). Emerging markets will play a major role in this growth, the firm said, with Eastern Europe forecast to grow from 2.5 million connected TVs shipped in 2010 to over 10 million in 2014. In addition, DisplaySearch findings indicate that 33 percent of flat panel TVs sold in China in 2013 will have internet capability.
Analysts will present new data on Telehealth, Energy Management, and Home Networking Revenue Streams at Dallas Summit
15th annual event focuses on cloud media, emerging services, and connected CE
Explosive Growth -- a 51-Percent Compound Annual Growth Rate for the Past Five Years -- Fueled by Success in the Federal, Medical, and Enterprise Markets
Remote Technologies Incorporated (RTI) today announced that it has named Trevor de Maat as the company's eastern regional sales manager.
IPTVConnection.com is a site for discussion of all subjects related to IPTV (Internet Protocol Television). The forum is designed to bring you the latest news in IPTV along with friendly discussion and help between users of various hardware and delivery systems.
International research firm Parks Associates launches new Website for consumer technology industry analysis and events
New portal creates ideal resource for accessing data and analyst insight on cloud media, smartphones, energy management, digital health, connected CE, and advertising
At Crestron we are continually amazed at how custom installers are exceeding the expectations of clients with their creative talent, technical expertise and high quality bespoke solutions.
Smarthome announced today that the Venstar ColorTouch T5800 color touch screen thermostat is now in stock and available for purchase through their award-winning website, Smarthome.com, catalog and retail store location in Irvine, CA.
Smartec STC-3620 ULTIMATE compact outdoor camera is designed for the round-the-clock operation in outdoor conditions and can operate in complete darkness using IR-illuminator.
BTX Enters Into Distribution Agreement With AFL to Deliver Fiber Optic Solutions to Broadcast and Pro A/V Markets
Value-Added Distributor to Offer AFL Fusion Splicing Kits, Connectors, and Test Equipment; Serve Integrators Across the U.S.
Records 13081 to 13095 of 28276
D-Tools' System Integrator (SI) is the most widely used and comprehensive estimation, design, and project management software platform, specifically designed to fulfill the diverse needs of residential AV systems design and installation firms. D-Tools ties project workflow together into a singular, data-driven, connected process that increases operational efficiency while reducing time and costs. Along with access to a comprehensive library of manufacturers' products, this solution positively impacts all areas of a system integrator's business.