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 MoreSamsung posts Q1 2018 financial results, tops expectations with record profits
It's that time of the... quarter. 2018 Q1 financial reports are being published by most of the big tech names, and Samsung is likely pretty pleased with its performance so far this year. It isn't quite as high as the impressive 2017 Q4 results it previously posted, but it's sitting pretty with a total of KRW 60.56 trillion ($56 billion) in revenue, with KRW 15.64 trillion ($14.51 billion) in operating profit. That's a revenue increase of 20% and an operating profit increase of over 50% compared to Q1 2017, beating expectations.
Read MoreSamsung posts best ever financial results in 2017, with profits of $50 billion
South Korean electronics giant Samsung has revealed record-high sales figures for last year, with a total operating profit of $50 billion (KRW 53.65 trillion). The company released its Q4 results today, alongside numbers for the whole of 2017. In the last three months of the year, Samsung amassed $61.54 billion (KRW 65.98 trillion) in consolidated revenue, which amounted to $14.13 billion (KRW 15.15 trillion) in operating profit.
Read MoreLG suffers more losses in mobile for fourth quarter, record high revenue overall
LG Electronics released its fourth quarter and full-year 2017 financial results this morning, and while the news is mostly very good for the company, its mobile division continues to suffer losses.
LG took in $55.4 billion in revenue for 2017, an increase of 10.9% over 2016 and the highest ever for the company. Profitability increased by 85% over last year at $2.23 billion. For the fourth quarter alone, LG saw a 15% growth over Q4 2016 revenues with $15.3 billion, and a profit of $330.9 million, which we reported when the company released its preliminary results earlier this month.
Read MoreLG turns a $343 million profit for Q4 2017 in early reports
LG quietly let it be known today that they will emerge from the fourth quarter of 2017 with a $343.2 million profit and that they expect a yearly profit increase of 84.5% over 2016.
Read MoreHuawei's half-year financial results point to 36% increase in sales revenue
It's that time of year when financial statements start to circulate. After Q2 reports of record earnings for Samsung and big losses for LG, it's now Huawei's turn to take the floor. In a statement yesterday, the Chinese company announced its half-year figures, headlined by a 36.2% year-on-year increase in sales revenue, totaling CNY105.4 billion.
Read MoreSamsung posts third quarter earnings, Galaxy Note7 drags down mobile division
Samsung posted its earnings for Q3 2016, and it is not as pleasant as it was three months ago. For the period ending September 30, 2016, total revenue was 47.82 trillion KRW ($42.01 billion USD), a decrease of 3.87 trillion KRW ($4.57 billion USD) from this point last year. Without going too much further into the financial details (I get excited about financial results, okay?), we can all guess the reason for the decline. The IT & Mobile Communication Division is what dragged Samsung down, but its other divisions showed some good results. The Consumer Electronics Division's favorable sales in SUHD TVs and home appliances are especially of note in the report.
Read More
T-Mobile Rakes In The Dough In Q1 2014 With 2.4 Million New Subscribers
Bucking the status quo of American wireless companies seems to be working for Legere and Company. For the first three months of 2014 T-Mobile added 2.4 million new wireless customers, according to the company's financial report published this morning. In the crucial post-paid segment (as opposed to the less reliable prepaid segment) T-Mobile added 1.3 million new subscribers.
While T-Mobile is still a long way away from 800-pound gorillas AT&T and Verizon Wireless, it's safe to say that the lower prices and ceaseless "Uncarrier" promotions are having an effect. For example, Verizon added only 549,000 new wireless customers in the same timeframe, while AT&T added just over one million - T-Mo beat them both in terms of new post-paid customers.
Read MoreThe Best Of AP
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