Verizon has yet to post its financial report for the second quarter of the year. We’ve already seen AT&T’s report but we’ll have to wait a couple of days until Big Red’s numbers will become public knowledge.

The company did however release its Q2 subscriber count. Verizon managed to add 1.1 million net subscribers which is 300k short of AT&T’s new additions number. That means Verizon currently sits on 87.7 million subscribers which is an impressive figure. AT&T is trailing behind but Verizon will keep its crown for now. We’ll be curious to see how these million subscribers translate into profits, but that report is coming on July 27 only.

via Verizon

LG Electronics has done quite well this past quarter. The company had in fact a record second quarter with sales going up 13.8% compared to last year to $11.229 billion while operating profit came in at $878 million. LG’s margin increased to 7.8% compared to 1.1% last year while the mobile division’s margin went up to 11% from 6.7.

Let’s take a look at its Mobile Communications business! LG totaled a $7.981 billion in sales which is 25.8% more than in Q2 2008 while operating profit came in at $422 million. LG’s Home Appliances division came to $1.812 billion in sales while LG’s Home Entertainment business sold 4.28 million TVs which amounts to $3.492 billion in sales and a profit of $174.

With all this big numbers in LG’s Q2 report we can’t help but wonder how the third quarter is going to look like.

via LG

Motorola, like Sony Ericsson, didn’t pull off a good quarter. The company’s projected sales figures of $5.62 were all but a dream. It only managed to bring in $5.4 billion in total and just $1.8 billion from the mobile division. That handset division took an impressive hit as sells went down 45% in the first quarter. In total Moto lost $291 or $0.13 a share but the company is ready to face the facts and boldly look to the future. And the future, as far as its mobile division is concerned, has Android written all over it. We’ve seen yesterday not one but two future Motorola Android phones and the company has confirmed that it will introduce “differentiated Android-based devices” just in time for Christmas. What are we too see next? Two more bad quarters for Moto?

via moconews

Unlike other big names in the mobile business, Samsung managed to bring in some cash in the first quarter of 2009. Overall the company has done batter than in the last quarter of 2008 bringing in a total of $459 million. The sad part for Samsung is that a 72% drop compared to the same period of last yer. As for Samsung’s mobile division, it has grown 36% in revenue which is pretty good considering the current times. With all the phones Samsung announced at the beginning of the year, we’d be surprised for it not to make a profit. We expect Samsung to sell even more phones in the following months as more handsets will be unveiled.

Palm has posted a net loss of $95 million in the third quarter of the fiscal year. That means the economical crisis is still going strong and people are not that interested in current Palm handsets. Palm has sold 482,000 units compared to 833,000 in the same quarter last year. That equals a 71% drop in total earnings compared to last year, from $312 million to $90.6 million. Despite all this, the Pre is coming and CEO Ed Colligan assured everyone that everything is on schedule. Probably Palm is really counting on that Pre to take them out of that hole they are currently in.

via MobileBurn