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.
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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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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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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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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.
Read MoreIn 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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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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When the US added Huawei to the Entity List last month, it sparked a series of troubles for the Chinese manufacturer that are beginning to have significant consequences on its shipments and revenue. Indeed, the company has been banned from doing business with US organizations, which means it had to stop its working relationships with chip manufacturers and even Google.
Although Huawei tried to reassure markets with mitigation measures, including an in-house OS; these didn't seem to convince buyers its devices were a safe bet. Indeed, British carriers paused the introduction of the manufacturer's 5G products and its partner Foxconn was said to be halting some Huawei production lines earlier this month.
Read MoreSamsung Electronics just published its 2018 financial results, and the figures are not looking good. Compared to Q4 2017, sales went down 20% and profit dropped 29%. The overall performance for the year has slightly progressed compared to 2018, though, with revenue up 1.75% and operating profit growing 9.77%. The Korean conglomerate's mobile division is the one with the worst realization, as both revenue and profit have decreased, comparing quarter to quarter and year to year.
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Third quarter financial results are out for most of the big players in our industry, but whether Sony still fits that bill is questionable. They still have an ardent fan base, and our recent review of the Xperia XZ3 found it to be the best Sony phone in years, but still, the company's mobile division appears to be struggling.
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