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Financials

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[Update: Mass job cuts expected] Sony to merge all consumer electronics divisions after mobile loses nearly a billion dollars in a year

Two days ago, Sony revealed a drastic change in its business organization going forward. Sony's Mobile Communications division — responsible for the Xperia line of phones — will be merged with the Imaging Products & Solutions and Home Entertainment & Sound divisions. This "realignment" unifies all of Sony's consumer electronics branches under a single internal division, while conveniently hiding the mobile division's future losses behind a merged balance sheet. That's good for Sony, because according to today's exchange rate, the company has lost over $910 million in the last year making phones.

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Xiaomi doubled international revenue in 2018

Most smartphone OEMs have been predicting that the market is set to slow down a bit in 2019, but based on last year's numbers, Xiaomi may end up being an exception. The company saw an astounding 118.1% increase in international revenue, with total revenue increases of 52.6%. That works out to 174.9 billion yuan in revenue, or around 26 billion dollars. When all was said and done, the company made around two billion dollars in gross profit last year.

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Twitter shares its daily user count for the first time in Q4 results

Twitter is a publicly-traded company, and as such, its quarterly earnings reports always include data about the platform — including the amount of active users. The company has historically never revealed how many active daily users Twitter has, only the amount of users who log in (at least) once a month. In its Q4 earnings report, Twitter has revealed how many people log into the platform daily, among other information.

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Alphabet's 2018 financial results show 23% increase in revenue and strong profits

Google's parent company Alphabet has reported positive financial results for 2018, although stocks in the company still fell 3% in after-hours trading. An operating margin 3% lower than the 24% posted in Q4 2017 and higher expenditure are considered to be reasons for the drop-off, but Alphabet remains profitable.

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LG's mobile division continues to struggle amid otherwise strong 2018 financial results

It's time for full-year 2018 financial results. Samsung has already posted numbers showing less than stellar profits for its mobile division, and now its the turn of South Korea's other tech giant, LG. The story is pretty much unchanged since Q3 results came out — the company is profitable overall, but its mobile division persists in underachieving.

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Samsung's mobile division had its weakest quarter since the Note 7

Samsung 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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Samsung's quarterly earnings show increased overall profit, but continued decline in mobile

Samsung published its third-quarter financials yesterday, and results are mixed. Although profits and revenue are up (both year over year and quarter over quarter), the mobile division continues the decline set last quarter. Interestingly, that's not as a result of sales, but rather increased marketing costs and unfavorable currency developments. Nonetheless, it expects those mobile earnings to decrease further next quarter, even as smartphone shipments rise.

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Sony's smartphone division lost over $240 million last quarter, and it only expects things to get worse

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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Alphabet records $33.7 billion revenue in Q3 but stock still falls amid missed targets

In the wake of a record $5 billion EU antitrust fine, Google parent company Alphabet was still able to post a 25% increase in revenue at the end of Q2 (against that same period last year). Financial results for the third quarter of 2018 are in and despite strong profits, Alphabet missed its targets and share prices fell somewhat.

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Snapchat shed 2 million more users in Q3, but there is hope

If you're a regular reader, you probably know how most of us feel about Snapchat. I actually used to use it pretty often, but as the app became increasingly bloated and sluggish, my friends and I defected to other services or just stopped altogether. Q3 financials are in, and although Snapchat lost a further two million users, there are some signs of a recovery.

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