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.Read More
Snap Inc hasn't been doing great, to say the least. The company's results for the first quarter of 2018 were below expectations, and now the Q2 earnings report has been released. During the period from April 1 to June 30, Snap Inc received $262 million in revenue, with a net loss of $353 million.Read More
We're pretty keen on Android news here, but some things outside our immediate purview are significant enough to be worth mentioning. Here's one: today, Apple became the first US company to surpass a total market capitalization of $1 trillion (trillion as in a thousand billions).Read More
It's quarterly financial results season! Well, one of the quarterly financial results seasons, anyway. The latest news is from T-Mobile, which reported its best second quarter ever. Over the period, the carrier added 1.6 million net customers (one million postpaid, the rest prepaid) and saw revenue of $10.6 billion.Read More
The situation at MoviePass is bad. Very bad. With the value of the company having plummeted tremendously after a disastrous reverse stock split last week, MoviePass's owners are doing anything they can to stem the bleeding at the popular all-you-can-eat theater subscription service, and it looks like "anything" means making the service much, much worse.
I won't leave you waiting on the big changes: monthly pricing is going up 50% (to $14.95) and you won't be able to see most movies (anything opening on over 1000 screens) until they've been out for two weeks.Read More
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.Read More
Most of our readers should probably be familiar with MoviePass—if not for the company's movie ticket-accessing subscription service, at least for its presence in the news for the last few days. If you'll recall, MoviePass owners Helios and Matheson Analytics Inc. recently performed a reverse-split for the company's shares to drive up stock prices, but not with much success. More recently, everyone's favorite $6.95 a month service ran into a bit of a snag last night, resulting in a date night-stopping outage. Turns out, that's because the company literally just ran out of money. After borrowing $5 million to turn the lights back on, stock for the parent company took a nosedive to $1.98 (at the time of writing), down 70% over the last 24 hours.Read More
Facebook has been an omnipresent part of American news for what seems like all of 2018, and rarely with a positive connotation. Based on the company's recent second-quarter financials, Facebook has a more conservative outlook on the future, expecting revenue growth to decline in the coming years. The company is quick to externalize blame for this, pinning its expectations for the decrease on currency markets projections and pesky privacy-enhancing regulations like GDPR.
In an understandable development at the announcement, Facebook's stock has taken a tremendous nosedive, down nearly 20% at peak.Read More
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.Read More