Posts tagged with: Financial
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    Confirmed reports of Sony looking to dispense with its long-lived, once leading-edge but no longer successful and profitable battery business sounded like bad news not just for the conglomerate’s components and semiconductors departments. Other flagging divisions, including mobile communications, aka smartphones, could be in danger, as Sony stops relying on perennially prosperous gaming, home entertainment and pictures branches to offset financial losses posted by Xperias quarter after quarter. Only for the first time in years, the restructured, condensed, non-Z-focused mobile device ...

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    When LG’s aptly named mobile communications division posted a troublesome albeit far from massive $180 million operating loss at the end of the year’s first quarter, the G5 couldn’t really be blamed, launching commercially on April 1, i.e. at the very beginning of Q2. But after the early enthusiasm regarding the modular angle of the new flagship phone rapidly died down, it became crystal clear this lacked that certain je ne sais quoi to give the wildly successful Galaxy S7 a run for its money. And now, LG has confirmed “initial sales” to be “somewhat slow”, which feels like a ...

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    Apple somehow managed to defy market trends for the large part of last year, seeing both iPhone shipment numbers and overall earnings surge quarter after quarter, and now, it’s Samsung’s turn to beat analyst estimates and the industry’s general stagnation with strong performance from high and low-end Android devices. Obviously, the flagship Galaxy S7 duo was the main driver of profit during Q2 2016 as well as Q1, but Samsung takes the time once again in its latest financial report to acknowledge the essential part played by the Galaxy A and J series in achieving growth across the ...

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    Not to be outdone by domestic arch-rival Samsung, home appliance, HD TV and mobile phone giant LG is also ready today to forecast strong overall financial performance for the recently concluded April – June 2016 quarter. Unlike the world’s most popular Android device manufacturer however, the company behind the ingenious G5 looks resigned to yet another period of smartphone decline in sales, resulting revenue and especially the division’s bottom line. Once upon a time expected to rack up a cool 10 million shipments by year-end, it seems the LG G5 flopped hard, primarily due to ...

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    Until now, there were only assumptions and educated guesses drafted by financial analysts. But today, we have Samsung’s formal earnings guidance for Q2 2016, which is even more optimistic than third-party expectations. It appears the Galaxy S7 already sold 26 million copies, up a cool mil from previous projections, driving revenue and especially profits through the roof. Launched towards the end of the year’s first quarter, the flat 5.1-inch flagship and its “edgy” 5.5-inch sibling really struck gold at the global box-office between April and June, presumably helping Samsung post a ...

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    HTC may have tried to put on a brave face as it confirmed another two miserable quarters (both Q4 2015 and Q1 2016), anticipating “good momentum” next, thanks to the company’s latest flagship phone and its acclaimed rookie VR effort, but the jig is now up. Unfortunately for the faltering Taiwanese tech giant, the HTC 10 handheld and Valve-co-developed Vive headset, alongside the rest of its slumping product lineup, could only manage to generate unaudited consolidated revenue of NT$6.75 billion for May 2016. That’s just a little over US$200 million, and represents a year-over-year ...

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    Back in October 2014, when it closed the $2.9 billion acquisition of Motorola Mobility, many felt the world’s largest PC manufacturer hit the jackpot. After all, smartphone demand was still thriving everywhere from developed to emerging markets, and on the heels of a deep identity crisis as Razr feature phones became obsolete, the Moto brand got a breath of fresh air during a short period of Google oversight. Only Lenovo failed to capitalize on the apparent popularity of near-stock Android-running Moto Xs and Gs among power users and software purists, undergoing several restructuring ...

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    You have to hand it to HTC, as no matter how tough the going gets, its optimism appears to remain intact. Similarly, the company isn’t afraid to make bold bets on redesigned flagship phones and unripe technologies, even after four consecutive quarters of massive operating loss. Granted, the manufacturers of the “critically acclaimed” Vive VR headset, UA Healthbox connected fitness system, HTC 10 and new Desire-series handhelds stop short of anticipating Q2 revenue growth. But “good momentum over the year” is mentioned in the Taiwanese OEM’s latest financial report, making ...

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    However Apple might try to spin the numbers, focusing on profits and margins rather than actual sales, there’s no denying Fitbit continues to reign over the fledgling, slowly growing wearable market with an increasingly diverse portfolio of largely budget-conscious fitness products. Unfortunately, the year-opening fiscal quarter was essentially as bittersweet for the San Francisco-based company as it was for Cupertino, with both unit shipments and total revenue on the rise, but net income in free fall and similarly harsh reactions from Wall Street to earnings calls. Starting with the ...

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    You don’t need to be a financial analyst or pundit to tell, based on common sense and elementary math, that a company posting quarterly revenue of over $50 billion and $10.5 billion net profits in today’s economic climate is doing pretty darn well by any standards. That’s the main, straightforward point Apple CEO Tim Cook tried to get across in an extensive interview with CNBC’s Jim Cramer for the finance TV talk show “Mad Money” on Monday following a “huge overreaction” by Wall Street in the wake of Cupertino’s latest earnings call. Cook even took the time to highlight ...

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    While many iFans might deem the aftermath of Apple’s latest earnings call a massive overreaction from people habituated to making easy money without taking risks, the signs that suggest the Cupertino juggernaut will not return to form anytime soon continue to pile up. The iPhone 7 is still a little ways down the road, the OG Apple Watch can only maintain sales momentum with profit margin-shrinking discounts, and the iPhone SE simply doesn’t look like a mainstream blockbuster. Thus, you shouldn’t be shocked to hear market researchers and “sources from Taiwan’s handset supply ...

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    Following a holiday season that saw it both breaking profit records and falling short of sales expectations, and its first year-on-year quarterly revenue dip in over a decade, Apple needs a box-office winner more than ever, and it needs it soon. Unfortunately, the iPhone SE is probably not it, while the Apple Watch 2 and iPhone 7/7 Plus duo still require time before entering the rocky picture. But at least one very high-profile investor looks to have lost his patience already, capitalizing on his company stock and earning a cool $2 billion paycheck amid worries Cupertino is going down. ...

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    Much like LG, Sony keeps bleeding money in the mobile tech segment while earning in many other departments more than enough to survive. Of course, LG washing machines and TVs have nothing on PlayStation hardware and software, though at the same time, there’s no Xperia on the horizon capable of the shipment numbers predicted for the modular G5 this year. All comparisons with rival companies aside, you have to applaud Sony for managing to triple (and then some) its operating income in the fiscal year ended March 31, 2016 over figures posted the previous 12 months, as well as boost earnings ...

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    Samsung and LG managed to sync up their latest quarterly financial reports, probably unintentionally, and both Korean tech giants have reason to be proud of how much money they earned overall between January and March. Strictly from a mobile point of view however, Q1 2016 wasn’t a rosy period for the nation’s eternal number two, which saw its division sales and operating income take big hits on lack of innovation, noteworthy new releases and high G5 marketing expenses. The LG G5, mind you, only launched commercially on April 1, so it’s not technically to blame for its maker’s ...

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    Facebook might only be ranked as the world’s tenth most valuable brand at the moment by Forbes, but with Apple, Microsoft and Samsung facing global smartphone demand slowdown and various other challenges, Mark Zuckerberg is probably entitled to believe he’ll someday become the leader of the largest corporate money maker. While in the long haul FB should greatly benefit from its early involvement in the fast-rising virtual reality hardware industry, as well as future artificial intelligence breakthroughs, right now you won’t be surprised in the least to hear the core social networking ...

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    Although technically both Samsung and Apple rolled out new phones unusually early this year, that turned out to be a smart business move for only one of the two tech giants and mobile industry leaders, which posted unexpectedly strong financial numbers for the past quarter. Granted, the iPhone SE launched commercially a little too late to significantly elevate its maker’s sales, revenue and profits scores for the January – March timeframe, but at the same time, it’s doubtful the 4-incher will ever match the Galaxy S7’s mainstream success. Samsung of course isn’t ready to share ...

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    Unlike Samsung, which relied on three full weeks of Galaxy S7 availability for a year-opening fiscal quarter of return to form, LG only launched the very promising new G5 flagship phone on April 1. Thus, you’d probably expect another “challenging” three months for a company more focused than ever on high-end, unapologetically expensive Android devices. But “healthy appliance sales and falling television panel prices” made for such great numbers between January and March that LG literally can’t wait to release them. For the first time in its history, the Korean tech conglomerate ...

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    HTC was down 61% in October 2012, compared to the same period of 2011, and it doesn't look like things are getting better for the Taiwanese phone maker. According to new financial figures the company has posted its lowest profit since 2004. The net income for the last quarter of 2012 was NT$1 billion ($34 million), much less than the NT$10.9 billion posted in 2011. These figures represent HTC's lowest profit recorded in the last eight years, due mainly to strong competition from Apple's iPhone and Samsung's Galaxy phones which continued to steal market share from the Taiwanese company, ...

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    HTC needs to do something, fast! Whether that means to hire a better marketing team or to release phones like the Droid DNA internationally, now, is completely up to them. Else, headlines like these will continue to pop up every month, every quarter. After crumbling profits in Q3 -- a trend lasting for a year now -- October's numbers were also 61% down compared to the same period of last year. November's figures aren't that much different either. It's a smaller regress but still, it exists. According to HTC wording, November's consolidated sales were around $732 million which is 31.4% ...

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