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Samsung has just released its first-quarter earning calls today, and its previously released profit warnings turned out to be true. The company made a total of KRW 6.2 trillion ($5.3 billion), which is about 60 percent less than last year's first quarter. However, Samsung says that its Galaxy S10 series still sold very well.
Google's parent company Alphabet has reported positive financial results for 2018, although stocks in the company still fell 3% in after-hours trading. An operating margin 3% lower than the 24% posted in Q4 2017 and higher expenditure are considered to be reasons for the drop-off, but Alphabet remains profitable.
It's time for full-year 2018 financial results. Samsung has already posted numbers showing less than stellar profits for its mobile division, and now its the turn of South Korea's other tech giant, LG. The story is pretty much unchanged since Q3 results came out — the company is profitable overall, but its mobile division persists in underachieving.
Turns out Apple is not the only company expecting to disappoint investors with its next set of quarterly results — Samsung and LG are in the same boat. Whether or not it's for precisely the same reasons is unclear, but it seems a plateauing smartphone market is at least partially to blame for all three companies' guidance misses.
Xiaomi has published its financial results for the second quarter of 2018. Turns out, as you'd expect from a company that recently became more valuable than LG, things are going pretty well for the Chinese manufacturer.
Samsung has posted its financial results for the second quarter of 2018. Following two glowing quarters, Q2 2018 was relatively cool, with sales and profits falling compared to both last quarter and Q2 2017. The Korean electronics manufacturer said that "softer sales" of both the Galaxy S9 line and display panels were largely to blame.
Internet-based cable alternatives like Sling and YouTube TV are having a hard time figuring out how to make the model profitable, according to a report from The Information. Sources say YouTube TV is paying networks a total of about $49 per month for each subscriber to its basic package — which the company charges $40 a month for.
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.
The last year has been rocky for Samsung with the recall of the Galaxy Note 7 and various legal woes in its native South Korea. And yet, the company has issued Q2 earnings guidance today that points to its highest profits ever. So, I guess people aren't holding any grudges after the Note 7 thing.
The Galaxy Note7 has been an absolute disaster for Samsung; although it was an excellent smartphone, its tendency to catch fire pretty much negates all of the praise that was heaped onto it. Case in point: Samsung's now estimating that the Note7's recalls and subsequent cancellation will cost them about $3.1 billion over the next two fiscal quarters.
HTC has had a rough time in recent years as Samsung has risen to dominance in the Android device market. The resulting slump culminated in a year of losses for the Taiwanese OEM, but today's Q2 2014 numbers signal a potential turnaround. HTC had a small profit of NT$2.26 billion ($75 million) over the last three months.
The last two years have not been kind to HTC. Despite garnering critical acclaim from the One series and consistently improving both hardware and software, the Taiwanese company is getting battered on high-end phones by Samsung and Apple, and battered on low-end phones by Samsung and just about every Chinese company out there. According to a report from Reuters, HTC will try to shift its strategy in 2014 to give more attention to mid-range devices, which it has been ignoring somewhat for the last few product cycles.
AppAnnie: Play Store Downloads Reach Nearly 90% Of App Store Levels, iOS Still Bringing In 2.6x Revenue
Back in January, we learned that if you want to be a developer and avoid leaving money on the table, you need to be on both Android and iOS. One or the
Back in January, we learned that if you want to be a developer and avoid leaving money on the table, you need to be on both Android and iOS. One or the other isn't going to cut it. However, according to AppAnnie, if you have to choose just one platform, Android is still struggling to prove it's the one you should go with.
There is no joy in Taoyuan this morning, as HTC's first quarter financial results have become public. The Taiwanese company has reported the lowest profit in its 16-year history, with just $2.8 million USD ($85 million Taiwanese dollars) in net income for Q1 2013. It's the sixth quarter in a row that HTC has posted declining profits, and a staggering year-over-year drop of 98%.
One of the biggest problems Google faces with Android is avoiding a situation where one manufacturer controls so much of the market that everything else falls by the wayside. As study after study shows, though, this is becoming an increasing risk as Samsung gobbles up more customers. To wit, this survey from Localytics—a company that provides analytics for mobile apps— showed that of the top ten Android devices its customers used, eight were made by Samsung, and seven had the Galaxy brand attached.