Android Police

Financials

34

The smartphone market is absolutely foundering due to coronavirus, unsurprisingly

The coronavirus has led to lockdowns all over the world and left many people with less to no income or in fear of a recession. Combine that with closed factories, and you have a recipe for economic impacts rippling through all industries. The smartphone market is not immune to these effects, either, and worldwide shipments have fallen by 13% year-over-year (YOY) due to coronavirus. Companies moved only 272 million units in Q1 2020, which is the lowest level since 2013.

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22

Indian banking app Paytm no longer works with remote access apps like TeamViewer or AnyDesk installed

Spam and fraud protection are great features to have in apps, especially if they handle your finances. It’s one thing to take precautions, but it’s another to downright block other apps that could enable such nefarious purposes. For Paytm—a well-established, mobile-first payment service in India—remote control and screen sharing apps like TeamViewer and AnyDesk are now considered security risks.

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59

John Legere won't be going to WeWork after all, staying with T-Mobile

Legere reportedly staying put

According to CNBC, the allure of turning WeWork around wasn't enough to sway John Legere from his magenta throne.

Sources who asked not to be named claimed that Legere "has no plans to leave the company." Furthermore, he was never the first choice for the job, they say. Given the intertwined nature of SoftBank between Sprint and WeWork and the upcoming T-Mobile/Sprint merger, it's possible that a move between the two companies could be seen as a potential conflict of interest — not that it matters now.

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0

Galaxy Note10 and A series prove profitable but can't cushion Samsung's weak Q3

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.

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18

Google meets revenue expectations for Q3 2019, but still upsets investors

Google’s parent company Alphabet announced its financial results for the third quarter of 2019, surpassing revenue expectations. As one might expect, Google products were among the top performers, but everything wasn’t as breezy. Even though revenue is up, the profit margins have come down sharply, leaving investors with less money in hand than what was anticipated.

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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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76

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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