Google IO 2016 Coverage

Analysts adjusting LG Q2 profit estimates down amidst LG G4 disappointment


LG undoubtedly has produced one of this year’s better flagship smartphones with the LG G4 and they are regularly mentioned in the same breath with the likes of industry giants Samsung and Apple. Even with the positive reviews of the device, it is looking increasingly like LG may not meet internal targets for sales of the device which is prompting numerous financial analysts to pull back on their quarterly profit estimates for the company’s Mobile Communications Division. Read more

Sony Mobile is now set to only manufacture high-end smartphones


The past few months have been somewhat difficult for Sony, to say the least. Following a successful launch of not one, but three Xperia-branded smartphones in 2013, the Japanese company is now facing a serious loss in profit.

As a result, the firm has cut the amount of skilled workers it employs by 15% and adjusted operational strategies to primarily focus on the development of high-end smartphones, in order to seek financial gain rather than the global market share.

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LG ships record 14.5 million smartphones, experiences strong financial growth during Q2


It is no secret that LG was no longer content to watch Apple and Samsung battle for supremacy in the smartphone and tablet markets. This prompted the company to increase their efforts at producing devices consumers would be interested in, like the recently released LG G3 or their L Series of devices.  Those efforts seem to be paying off as LG announced they shipped a record 14.5 million smartphones during the second quarter and their mobile division turned a profit for the first time after three consecutive quarters of losses.

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Samsung hits record profit, chip margins provide a big boost


Everything seems to be going great right now for Samsung. Last year’s Galaxy S III bested Apple’s iPhone in a touchscreen accuracy test, and the company has apparently sold more than 40 million Galaxy S 4 handsets. Now, Q3 of 2013’s financial numbers have come in. Samsung recorded a record profit of $7.76 billion. That is a lot of cash. While smartphone margins are plateauing, they have found success in chips due to their margins almost doubling since last year. According to The Wall Street Journal, “the importance of Samsung’s chip unit–comprised of memory and logic chips–is being highlighted as it now accounts for roughly one-fifth of its total operating profit.” That is a very impressive increase in both margins and growth. Samsung may put more of a focus on their chip business if margins continue to grow.

Amongst all of the cash that Samsung is sitting on, no one knows what they will do with it. The easy answer would be to acquire other companies, possibly to assist the launch of their inevitable wearable products.

Source: The Wall Street Journal

HTC financial profits for Q2 2013 take a turn for the worst, down 83% from last year


Things certainly could have been a whole lot worse for the Taiwanese manufacturing mogul, but this news is pretty bad. HTC have reported a profit of  $40 million USD after tax from revenue of $2.33 billion USD.

Their numbers are a lot better than the reported profits of $2.48 million USD from last quarter, clearly due to the release of the HTC One to more markets and due to fixes in manufacturing issues, but this quarter’s numbers were expected to be much higher.

HTC’s stock price on the Taiwanese Stock Exchange has already fallen a full dollar since the start of July, leaving it at $7.20. The company is certainly going to be in trouble and in dire need of help if they can’t find a way to boost their profits.

Samsung grabs 95% of global Android smartphone profits in Q1 2013


As we reported before, over 900 million Android-powered smartphones have been activated since the platform’s debut in 2007. While its no surprise that Samsung leads the herd over HTC, LG and Sony (among other competitors), it may come as a shock just how much they dominate by. According to a report by Strategy Analytics, Samsung captured 95% of Android’s profit in the first quarter of 2013.  Read more

Samsung Posts Record $5.9 Billion Quarterly Profit on Smartphones

The very first Samsung Android phone I used was the Samsung Behold II. I won it from a contest and I was beyond excited to power it up when it arrived at my doorstep. Well, after about a week, sadly, my excitement was short lived. It constantly froze up on me, music wouldn’t load properly and the onscreen keyboard lagged and was inaccurate. Fast forward, the Samsung Galaxy S III has been released and due to it’s popularity, retailers are selling through them at incredible rates.  Read more

T-Mobile Takes Slight Revenue Hit Last Quarter, Loses 50,000 Customers

T-Mobile has just posted their Q2 earnings statement and frankly we’re a little concerned.  The company posted a loss of 50,000 customers last quarter which isn’t all that bad in comparison to the first quarter where the company lost a whopping 99,000.  In addition, total revenues are slightly down $1 billion from its reported $5.2 billion the previous quarter with service revenues still steady at $4.6 billion.  That’s a 1.7 percent decrease from about one year ago this time in Q2 of 2010.  So why the dip?  Philipp Humm, T-Mobile’s CEO, says it’s due to a “challenging market”.  On a positive tone, the fairly new CEO focused on the rapid expansion of the company’s HSPA+ 42 mb/s aka 4G and that nearly 30% of its customers are sporting either a 3G or 4G handset, a “company high” according to Humm.  Could this be attributed to the rapid closing of the AT&T/T-Mobile acquisition?  What do  you think?

[via reuters]