Despite facing a slew of challenges throughout 2019 that threatened to grind Huawei's global business into oblivion, the Chinese phone manufacturer has somehow managed to defy its own financial expectations and surpass one of its most powerful competitors. The latest financial reports are in, and Huawei has officially overtaken Apple to become the second largest global smartphone vendor in 2019. However, Q4 data shows that darker times may soon be ahead. 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
Google parent company Alphabet just announced financial results for the first quarter of 2018, and the news is good across the board. The company took in a whopping $31.15 billion over the three-month period ending March 31st, which is a 26% increase of Q1 of 2017. After expenses, Google had $9.4 billion in net income for Q1. Read More
Netflix has released its fourth-quarter 2014 financial results along with a letter to shareholders, posting both to its website. These documents show plans to increase its amount of original content, rapidly expand internationally, continue its DVD-by-mail service, and more.
First, some numbers. Netflix picked up 13 million new members in 2014, an increase from 11 million the year before. The video on demand provider now boasts 57.4 million subscribers, and it expects to end the first quarter of the new year with 61.4 million.
Earlier this year, Netflix raised its price from $7.99 to $8.99, a move it believed cost it subscribers throughout the months that followed. Read More