latest
The Pixel 6 is demolishing Google's sales records
For all the hate (and love) it's apparently selling well
The Google Pixel 6 wasn't just our favorite phone of last year — it might have been yours too. According to Google's recent earnings call, it broke sales records last quarter (Q4 2021), thanks to the Pixel 6.
Samsung can look back at historic highs in 2021, thanks in part to foldables
The company has made a lot of money
Samsung has long pretty much been the company synonymous with Android, but the competition in the smartphone market is rising, particularly when looking at emerging businesses like Xiaomi, Realme, or Honor. While Samsung’s smartphone sales have taken a beating over the years, it has announced that overall, 2021 was its most successful year in history.
Despite facing a slew of challenges throughout 2019 that threatened to grind Huawei's global business into oblivion, the Chinese phone manufacturer has somehow managed to defy its own financial expectations and surpass one of its most powerful competitors. The latest financial reports are in, and Huawei has officially overtaken Apple to become the second largest global smartphone vendor in 2019. However, Q4 data shows that darker times may soon be ahead.
LG is in a tough spot. The overall company is doing very well, having just finished its most successful year ever. However, the company's mobile division is just burning money, and earnings there are moving in the wrong direction after LG pledged to turn a profit on smartphones within a year.
Samsung had some rather suboptimal financial results over the last year, and the current earning calls for 2019's third quarter show this isn't quite changing. Profits fell sharply compared to the same time frame last year, but at least smartphone sales raked in some profit thanks to the Galaxy Note10 and A series.
LG hasn't made money selling smartphones for years at this point, but bless 'em, they just keep trying. LG just released results for the third quarter of 2019, and it saw another loss from the mobile business as expected. However, LG says it lost a lot less money on smartphones than it did last quarter.
As Xiaomi launches its latest phone in Europe, the Mi 9T Pro, strong sales in overseas markets are said to be a major factor in the Chinese company's stellar second-quarter financial results. A year-on-year increase in adjusted net profit of 71.7% to has been reported, up to RMB 1.96 billion in Q2 2019.
In view of Huawei's recent political troubles, you'd think Samsung would have been in pole position to capitalize and post impressive sales numbers in the second quarter of 2019. Smartphone shipments grew for both companies at a time when global shipments are down 2%, but that doesn't always translate to strong financials. While its Chinese rival managed to grow its revenue against the odds, Samsung has seen its profits drop by an eye-watering 56% year-on-year.
It's that joyous time of the year when we're bombarded with long, boring press releases with lots of numbers on that tell how terrible a company is doing — that's right, second-quarter 2019 financial results are in. In news that will shock absolutely nobody, LG and Sony continue to struggle when it comes to sales of smartphones.
When the US added Huawei to the Entity List last month, it sparked a series of troubles for the Chinese manufacturer that are beginning to have significant consequences on its shipments and revenue. Indeed, the company has been banned from doing business with US organizations, which means it had to stop its working relationships with chip manufacturers and even Google.
Samsung Electronics just published its 2018 financial results, and the figures are not looking good. Compared to Q4 2017, sales went down 20% and profit dropped 29%. The overall performance for the year has slightly progressed compared to 2018, though, with revenue up 1.75% and operating profit growing 9.77%. The Korean conglomerate's mobile division is the one with the worst realization, as both revenue and profit have decreased, comparing quarter to quarter and year to year.
Third quarter financial results are out for most of the big players in our industry, but whether Sony still fits that bill is questionable. They still have an ardent fan base, and our recent review of the Xperia XZ3 found it to be the best Sony phone in years, but still, the company's mobile division appears to be struggling.
LG revealed its second-quarter results today, and the news is good overall. The company had sales of $13.9 billion (up 3.2%) and a profit of $715.1 million (up 16.1%). The profit is thanks to brisk sales of appliances and home theater equipment. However, LG's mobile division continues to lose money.
It's that time of the... quarter. 2018 Q1 financial reports are being published by most of the big tech names, and Samsung is likely pretty pleased with its performance so far this year. It isn't quite as high as the impressive 2017 Q4 results it previously posted, but it's sitting pretty with a total of KRW 60.56 trillion ($56 billion) in revenue, with KRW 15.64 trillion ($14.51 billion) in operating profit. That's a revenue increase of 20% and an operating profit increase of over 50% compared to Q1 2017, beating expectations.
South Korean electronics giant Samsung has revealed record-high sales figures for last year, with a total operating profit of $50 billion (KRW 53.65 trillion). The company released its Q4 results today, alongside numbers for the whole of 2017. In the last three months of the year, Samsung amassed $61.54 billion (KRW 65.98 trillion) in consolidated revenue, which amounted to $14.13 billion (KRW 15.15 trillion) in operating profit.
LG Electronics released its fourth quarter and full-year 2017 financial results this morning, and while the news is mostly very good for the company, its mobile division continues to suffer losses.
LG quietly let it be known today that they will emerge from the fourth quarter of 2017 with a $343.2 million profit and that they expect a yearly profit increase of 84.5% over 2016.
It's that time of year when financial statements start to circulate. After Q2 reports of record earnings for Samsung and big losses for LG, it's now Huawei's turn to take the floor. In a statement yesterday, the Chinese company announced its half-year figures, headlined by a 36.2% year-on-year increase in sales revenue, totaling CNY105.4 billion.
Samsung posted its earnings for Q3 2016, and it is not as pleasant as it was three months ago. For the period ending September 30, 2016, total revenue was 47.82 trillion KRW ($42.01 billion USD), a decrease of 3.87 trillion KRW ($4.57 billion USD) from this point last year. Without going too much further into the financial details (I get excited about financial results, okay?), we can all guess the reason for the decline. The IT & Mobile Communication Division is what dragged Samsung down, but its other divisions showed some good results. The Consumer Electronics Division's favorable sales in SUHD TVs and home appliances are especially of note in the report.
T-Mobile Rakes In The Dough In Q1 2014 With 2.4 Million New Subscribers
T-Mobile is bringing in some serious cash and new subscribers.
Bucking the status quo of American wireless companies seems to be working for Legere and Company. For the first three months of 2014 T-Mobile added 2.4 million new wireless customers, according to the company's financial report published this morning. In the crucial post-paid segment (as opposed to the less reliable prepaid segment) T-Mobile added 1.3 million new subscribers.