Google IO 2016 Coverage

LG smartphone sales disappoint in latest financial results

LG-LOGOLG released their first quarter financial results today and unsurprisingly, the LG Mobile Communications Company portion of the conglomerate posted disappointing numbers. LG had previously indicated the first quarter would be one of the best ever for the company and that panned out. However, smartphone sales were down causing yet another financial drag on the company as a whole. Read more

Alphabet Q1 2016 revenue up but misses Wall Street target


Alphabet reported their 2016 first quarter financial results this past week. Although revenues were up compared to a year ago rising 17%, they did miss Wall Street expectations by the slimmest of margins coming in at $20.3 billion versus an expected $20.4 billion. Google Inc. still makes up the overwhelming portion of the Alphabet portfolio, but the company’s “moonshot” segments are getting capital support to keep them growing. Read more

Verizon has another big quarter in latest financial report


Despite all the balls rolling around on your TV screen and the acrimony flying around between U.S. carriers, Verizon continued to solidify its position in the wireless market with continued strong, positive financial results during the first quarter of 2016. In their earnings report released today, Verizon indicated they added 640,000 retail postpaid subscriptions despite the first quarter usually being low volume. This bumped Verizon up to over 112 million connections which was a 3.7 percent year-over-year increase.  Read more

LG expects first quarter profits to rise as part of rebound


After a rough 2015, LG Electronics may be on the rebound financially based on new guidance it released today concerning first quarter results. For the first time ever, the company has released official earnings estimates prior to the actual publication of financial results, which may be a good sign of the company’s confidence that it has turned the corner. According to LG, first quarter profit of 505 billion won ($441M USD) will be the best quarter since the second quarter of 2014. Read more

Lenovo reveals new Moto branding position with Q3 financial results


Lenovo announced their third quarter financial results revealing they had returned to profitability for their smartphone division consistent with a commitment made after acquiring Motorola. In addition, Lenovo also revealed what their branding strategy would be for the Moto line of devices after it was recently revealed they would be dropping Motorola branding. Read more

Losses continue for HTC in fourth quarter of 2015

HTC Logo (PRNewsFoto/HTC)

HTC announced their fourth quarter financial results for 2015 and the financial straits they find themselves in continued as the year closed out. For the quarter, HTC reported revenues of NT$25.7 billion ($768 million USD) and a gross margin of 13.9%. After expenses are considered, HTC had an operating loss of NT$4.1 billion ($122 million USD) with an operating margin of negative 16.1%. Considering the fourth quarter is usually a strong one for companies thanks to holiday sales, HTC’s loss for the quarter is a troubling sign for the smartphone manufacturer. Read more

Despite beating forecasts, Qualcomm financial results disappoint


Qualcomm reported financial results for their first quarter, which ended on December 27, 2015, with numbers that beat forecasts despite being down year-over-year. Perhaps more disappointing though is the forecast looking ahead to the rest of 2016 as Qualcomm is faced with a slumping mobile device market that they think will be worse than what analysts are projecting. Read more

LG posts strong smartphone numbers for 2015 in financial report


LG released their fourth quarter and 2015 full year financial results today showing the LG Mobile Communications Company portion of the manufacturing conglomerate had a solid year. According to LG, the company shipped a total of 59.7 million smartphones in 2015, which was a slight increase from 59.1 million units shipped in 2014. LG specifically noted that sales in North America had improved to help with the results for the division. Read more