Android Police

Financials

6

The Play Store now supports UPI as a payment method in India

UPI is the leading digital payment platform in India, which lets users make transfers directly from one bank account to another. It's already used for more than 900 million transactions a month, such as utility bill payments, mobile recharges, in-store purchases, and more. From now on, Indian users will also be able to buy content from the Play Store using the payment solution.

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32

Xiaomi reports Q2 profit increase of more than 70%, but its revenue growth continues to slow [Updated]

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.

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80

Samsung profits take a dive as Galaxy S10 sales slow down

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.

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0

Huawei ekes out growth from a turbulent Q2

Huawei has just announced its revenue for the first half of 2019, the first time we've had numbers that demonstrate the impact its drama with the US government may have had on its bottom line. Depending on how you choose to look at them, the company has either successfully shrugged things off as it continues to grow, or sales have begun to stall. While the company is seeing a 23% year-over-year (and quarter-over-quarter) revenue increase, still an overall rise compared to last year, smartphone shipments are flat across Q1 and Q2.

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63

Sony and LG still struggled to sell smartphones in Q2 2019, surprising nobody

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.

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69

Huawei's insane growth in China should have Samsung and Apple worried

The worldwide smartphone market hasn't just slowed, it's been in decline for the last year or so. Whatever you attribute that to — rising prices, longer-lasting devices, fewer necessary improvements — many major OEMs including Samsung and Apple have seen sales weaken. In comparison, though, Huawei continues to see explosive growth, especially in China.

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292

Google's struggling Pixel sales invite comparison with Microsoft's smartphone failures

Alphabet — Google's parent company — had its Q1 earnings call yesterday amid its slowest growth in 3 years. A 17% year-on-year revenue increase has some investors concerned and Google CEO Sundar Pichai had to answer some tough questions about the company's hardware prospects. One analyst even went as far as to compare the Pixel phones with Microsoft's unsuccessful smartphone lineup.

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11

Microsoft becomes third US company to reach trillion-dollar market cap

Microsoft's stock price rose this week, briefly seeing the company join the pantheon of trillion-dollar tech giants. MSFT opened at $121.05 Monday morning and peaked at $125.76 Tuesday, nudging the company's valuation over the $1 trillion mark. The price has since fallen.

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90

[Update: Mass job cuts expected] Sony to merge all consumer electronics divisions after mobile loses nearly a billion dollars in a year

Two days ago, Sony revealed a drastic change in its business organization going forward. Sony's Mobile Communications division — responsible for the Xperia line of phones — will be merged with the Imaging Products & Solutions and Home Entertainment & Sound divisions. This "realignment" unifies all of Sony's consumer electronics branches under a single internal division, while conveniently hiding the mobile division's future losses behind a merged balance sheet. That's good for Sony, because according to today's exchange rate, the company has lost over $910 million in the last year making phones.

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57

Xiaomi doubled international revenue in 2018

Most smartphone OEMs have been predicting that the market is set to slow down a bit in 2019, but based on last year's numbers, Xiaomi may end up being an exception. The company saw an astounding 118.1% increase in international revenue, with total revenue increases of 52.6%. That works out to 174.9 billion yuan in revenue, or around 26 billion dollars. When all was said and done, the company made around two billion dollars in gross profit last year.

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