Turns out Apple is not the only company expecting to disappoint investors with its next set of quarterly results — Samsung and LG are in the same boat. Whether or not it's for precisely the same reasons is unclear, but it seems a plateauing smartphone market is at least partially to blame for all three companies' guidance misses. Read More
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. 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
Internet-based cable alternatives like Sling and YouTube TV are having a hard time figuring out how to make the model profitable, according to a report from The Information. Sources say YouTube TV is paying networks a total of about $49 per month for each subscriber to its basic package — which the company charges $40 a month for. Read More
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 More
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 More
The last year has been rocky for Samsung with the recall of the Galaxy Note 7 and various legal woes in its native South Korea. And yet, the company has issued Q2 earnings guidance today that points to its highest profits ever. So, I guess people aren't holding any grudges after the Note 7 thing. Read More
The Galaxy Note7 has been an absolute disaster for Samsung; although it was an excellent smartphone, its tendency to catch fire pretty much negates all of the praise that was heaped onto it. Case in point: Samsung's now estimating that the Note7's recalls and subsequent cancellation will cost them about $3.1 billion over the next two fiscal quarters. Read More
HTC has had a rough time in recent years as Samsung has risen to dominance in the Android device market. The resulting slump culminated in a year of losses for the Taiwanese OEM, but today's Q2 2014 numbers signal a potential turnaround. HTC had a small profit of NT$2.26 billion ($75 million) over the last three months.
The last two years have not been kind to HTC. Despite garnering critical acclaim from the One series and consistently improving both hardware and software, the Taiwanese company is getting battered on high-end phones by Samsung and Apple, and battered on low-end phones by Samsung and just about every Chinese company out there. According to a report from Reuters, HTC will try to shift its strategy in 2014 to give more attention to mid-range devices, which it has been ignoring somewhat for the last few product cycles.
HTC's co-founder Cher Wang admitted that the company's laser focus on the high-end, premium smartphone market may not have been in its best interests. Read More