Samsung had already issued a warning that the first quarter of the year was not going to be very kind to their bottom line, and the results are in. They weren’t wrong, either; revenue for the company fell about 13%, while profits were down a painful 60%. There’s a multitude of things going wrong for […]
Come comment on this article: Samsung’s first-quarter profits took a nosedive, down 60% from last year
LG’s operating profits for the 3rd quarter were 516.1 billion won (about $ 454 million) and revenue was up by 15.2 percent at 15.23 trillion won (about $ 13.4 billion). Unfortunately, LG’s mobile division didn’t contribute a dime. The bulk of profits came from high-end home appliances and televisions. LG had a big comeback with smartphones in […]
Come comment on this article: LG’s 3rd quarter profits are up 82% as smartphones actually lose money
Samsung has been forced to slash its expected earnings for the previous three months by a third, due to the failure of the Galaxy Note 7, and resulting product recall. Added into a huge drop in shares, and the financial pain is beginning to show.
The post Samsung expects to miss out on $ 2.3 billion in profits, and it’s all the Note 7’s fault appeared first on Digital Trends.
Samsung’s Galaxy S7 and S7 Edge boosted the South Korean giant’s profits in the second quarter to its best ever in two years. The company estimates it shipped between 75.6 million and 78.3 million smartphones in the three-month period.
The post Strong Galaxy S7 sales propel Samsung to its highest profits in more than two years appeared first on Digital Trends.
The past few years, but especially this year have been really great for Android phones. We have the “does everything” LG G4, the elegant Samsung Galaxy S6 Edge, even the brand new Sony Xperia Z5 Premium with the world’s first 4k display. However, even with all that, Android mobile profits are pretty low.
Analyst have gone through and checked over the latest quarter reports of all major phone makers to find that none of them sold more phones compared to the same quarter last year. A few like Sony are barely holding on, while others like HTC are almost broke.
The largest phone retailer, Samsung, is said to be making only $ 33 per phone now. That sounds super low, but is actually roughly double what any of the other guys are doing. Not that we want to mention their name, but Apple is really the only phone manufacture that is making large sums of cash. They are said to make around $ 185 off of each iPhone sold.
Come comment on this article: So many great Android phones, but all bring low profits