Android Police

Financials

23

Xiaomi's Q2 2018 financial results show international revenue up 151.7% year over year

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.

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54

Snapchat lost three million users in Q2 2018

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.

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127

Apple has become America's first trillion-dollar company

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).

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7

T-Mobile reports 'best Q2 in company history'

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.

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84

MoviePass attempts to put out dumpster fire by shooting self in foot

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.

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43

Samsung's Q2 2018 financial results show lower profits following 'soft' Galaxy S9 sales

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.

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90

Twitter stock tanks after second-quarter results

Facebook just experienced the largest one-day loss in market value in the history of the United States, thanks to new GDPR regulations and the recent Cambridge Analytica scandal. Twitter isn't doing great either, as the company's stock dropped 21% following the quarterly earnings report.

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54

MoviePass suffers outage because it ran out of money, stock falls 70% in one day

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. 

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51

Facebook's stock dives 20% on dire predictions following second-quarter financials

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.

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8

LG announces a profitable Q2 despite continued losses in mobile

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.

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