Slim devices but fat profits for EchoStar

Editor ©RapidTVNews | 08-05-2012

Only days after launching what it claims to be is the world’s slimmest) for the UK’s Freeview service, EchoStar has announced some hefty results in its last financial quarter.

For the three month period ended March 31, 2012, the digital TV solutions provider and owner of the Sling brand, announced revenues of $765 million a 59% year on year increase which drove net income of $127 million, a huge $110 million more than that declared for the corresponding period in 2011.
These first quarter 2012 results are part of an increase in momentum for the company who released steadily rising profits and revenues for the 2011 financial year and the company attributes its growth to innovation such as that in the new DVR.

“We pride ourselves on challenging the status quo to create truly inspirational products”, commented Rhod Williams, Senior Vice President and General Manager of EchoStar Europe, taking about the launch of the new 14mm wide Ultra Slim Box (HDT-610R). “We’re already inviting consumers to watch their TV anywhere and now we’re offering them the opportunity to own the slimmest digital TV recorder in the world. The Ultra Slim Box represents the coming of age for the DVR and is the perfect complement to the latest range of ultra slim TVs”.

The Ultra Slim Box’s feature set includes a 500 GByte hard disk drive which allows up to 300 hours of recording space+, a twin tuner to ensure that consumers can watch one channel whilst recording another and an HDMI connection for crystal clear picture quality. Internet connectivity provides access to Smart TV features including catch-up TV from BBC iPlayer, on demand content through the BoxOffice365 service and the ability to upgrade to the latest software and features online.