Lenovo has released their second quarter financial results for the period that ended September 30th and although they experienced a loss, it was not as deep as had been estimated and expected. Lenovo says they were able to narrow the losses thanks to stronger than expected sales growth and improvements in their smartphone business. The net loss ended up being $714 million, beating the average loss of $803 million projected by analysts. Read more
HTC held their quarterly conference call to discuss financial results for the third quarter of 2015. There were no surprises regarding the results as HTC continues to struggle financially with many wondering how long the company can continue to stay in business. For the third quarter, the smartphone manufacturer generated NT$21.4B ($660M USD) in revenues, which is almost half of what they did for the same quarter in 2014. The results are consistent with a downward slide for the company. Read more
Sony released their latest quarterly financial report revealing struggles continue for their Mobile Communications division. For the second quarter of their fiscal year, Sony saw sales of smartphones decrease by 15.2% with revenues falling from 329.5 billion yen ($2.7B USD) to 279.2 billion yen ($2.3B USD) compared to the same period in 2014. Perhaps more troubling is the fact that for the sales that continued to occur, Sony saw operating income of 5.5 billion yen ($45.4M USD) fall to an operating loss for the division in the amount of 20.6 billion yen ($170M USD) year-over-year. Read more
Alphabet has released 2015 third quarter financial results for Google and things are looking good for the search giant. Google experienced a substantial 13 percent growth rate year-over-year in revenues, driven in large part by strength in mobile search revenues. Google and Alphabet CFO Ruth Porat noted that “with six products now having more than 1 billion users globally, we’re excited about the opportunities ahead of Google, and across Alphabet.” Read more
The second quarter for Samsung ended on June 30th and yesterday the company posted its quarterly financial results.
LG has announced financial results for the fourth quarter of 2014 and the year as a whole. The numbers help show how LG has risen to become one of the larger, more prominent players in the smartphone sector on the popularity of their LG G3 smartphone. Looking at just the fourth quarter, LG had KRW 275.1 billion ($253.31 million USD) in operating profit, which was an increase of 28 percent compared to the same period last year. That was helped by a whopping 78 percent increase in the number of smartphones shipped during the fourth quarter compared to 2013. Read more
HTC released third quarter financial info on Friday revealing mixed results for the company. HTC experienced an 8% decline in revenue in September, following the 10% growth they experienced in August, which followed a huge drop in July. Revenues for September fell to NT$16.7 billion ($549 million USD) compared to NT$18.2 billion ($596 million USD) for the same period in 2013. For the quarter, HTC’s revenues fell 11% year over year to NT$41.9 billion (almost $1.4 billion USD). Read more
ZTE, the world’s ninth-largest smartphone manufacturer, is looking to move into the high-end market in 2015 to help improve financial performance and improve their presence in markets like the U.S. ZTE, like other Chinese manufacturers, have tended to operate in the lower end of the market relying on sales quantity in markets like China to offset the razor-thin margins they achieve with their devices. Zeng Xuezong, ZTE’s executive vice-president, says “we will make more and more premium smartphones” joining Huawei and Lenovo as companies hoping to break out in coming years. Read more
T-Mobile released their first quarter results for 2014 and the news is very good for the Uncarrier. Since unveiling their Uncarrier strategy a year ago, T-Mobile has been pushing for changes in the way carriers do business. This has not only created ripples of change in the industry, it has also been good business for T-Mobile which saw record growth during the quarter. Perhaps the highlight of the numbers is the addition of 2.4 million customers, the first time T-Mobile has topped the 2 million mark. This was also the fourth consecutive quarter with more than 1 million net additions which T-Mobile says makes them the fastest growing wireless company. According to CEO John Legere, “…our results reflect the growing customer revolution that we’ve ignited.” Read more
LG released their third-quarter financial results and the news is good for the Korean manufacturer. In particular, LG Mobile Communications Company reported their third-quarter revenue increased by 24 percent compared to the same period last year. This was generated off of shipments of 12 million smartphones, although LG did indicate profitability and average selling price were impacted by competition and their marketing investments. LG probably helped their cause with the new LG G2, which may not be the top phone on the market right now, but it certainly provides a viable option for buyers who may be growing increasingly wary of either Samsung or HTC products. LG anticipates they think they will be able to continue to capitalize on sales of the premium LG G2 device and supplement that with mid-tier products like the L II and F series devices during the holiday season.
The company as a whole posted revenues of KRW 13.89 trillion ($12.51 billion USD) and operating profit of KRW 217.80 billion ($196.34 million USD) during the third quarter. This was an increase in operating profit of 27 percent compared to the same period last year. As we have watched HTC continue to fade away over the past couple years, we might be witnessing LG’s rise to a position as Samsung’s main rival in the Android device market.