Android Police

Articles Tagged:

business

31

US district court approves merger between T-Mobile and Sprint, denying claims brought by states

The merger between T-Mobile and Sprint has been approved by the US Federal District Court, following a suit brought by several US states meant to halt the process. After the ruling, T-Mobile announced that it's beginning the "final steps" to complete the merger, and Sprint's stock is up over 70% at the time of writing.

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10

LG announces record earnings for 2019 in spite of higher mobile losses

LG is in a tough spot. The overall company is doing very well, having just finished its most successful year ever. However, the company's mobile division is just burning money, and earnings there are moving in the wrong direction after LG pledged to turn a profit on smartphones within a year.

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27

Samsung appoints new mobile chief to better combat Chinese rivals

Samsung has shuffled around its leadership quite a bit over recent years, in part due to scandals or rethought strategies. The latest restructuring falls into the latter category — the Korean conglomerate is looking to become more agile so it can better react to its rising Chinese competition. The company has thus appointed the Galaxy devices leader Roh Tae-moon as the new head of the smartphone division, making him the youngest Samsung president at 51.

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54

LG pledges to turn around mobile business, earn a profit by 2021

LG hasn't turned a profit on smartphones for years, but it says that will change by 2021. No really, for real this time. The promise comes from LG Electronics CEO Kwon Bong-seok, who addressed the company's mobile struggles during a press conference at CES. Bong-seok didn't offer any specifics on how LG would do this, but it sounds like we might be in for some weird phones.

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15

Google acquires game dev Typhoon Studios to beef up Stadia team

A year ago, many of us were enjoying a free test of Google's game streaming technology known as Project Stream. That test has morphed into Stadia with games like Red Dead Redemption 2, Mortal Kombat 11, and Borderlands 3. Google wants to make its own games, too. That's why it has acquired Montreal-based Typhoon Studios.

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22

Small victories: LG lost a lot less money on smartphones last quarter

LG hasn't made money selling smartphones for years at this point, but bless 'em, they just keep trying. LG just released results for the third quarter of 2019, and it saw another loss from the mobile business as expected. However, LG says it lost a lot less money on smartphones than it did last quarter.

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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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7

FCC approves Sprint and T-Mobile merger, states' lawsuit remains the last hurdle

The FCC has voted to approve the merger of Sprint and T-Mobile, an agency official told The Verge, with commissioners voting down party lines by a margin of 3 to 2. The two Democratic members have expressed their dissent to the $26 billion transaction announced April of last year in FCC filings and, in one particular member's case, an op-ed.

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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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42

US reportedly stalls on giving Huawei suppliers special licenses to export

Huawei and its U.S.-based suppliers remain on eggshells as the Trump administration has yet to issue special permits allowing domestic companies to ship product to the Chinese tech manufacturer — this is going on as Huawei's temporary reprieve from an Commerce Department import ban is headed into its last week. Now, there's word from Bloomberg's sources that the White House is stalling on approving the permits.

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