Huawei's annual earnings report is out and it's a mixed bag, since while turnover increased by 11.7 percent to 203.9 RMB ($32.3 billion), profits plummeted 53 percent to 11.6 billion RMB ($1.8 billion). Revenue from overseas sales (138.
billion (57.1 billion RMB) billion (57.1 billion RMB) , as the Singles' Day shopping event went multinational for the first time. That means Alibaba was selling goods at an average rate of around $388 million an hour.Every year Alibaba makes November 11 a huge event on the retail calendar by holding the world’s largest 24-hour online sale.
LG is having a bang up year so far in 2014. The company reported massive increases in profits in Q2 of the year thanks to 14.5 million smartphones shipped pushing net profits up 165%. LG has now reported its Q3 earnings and it has had another bang up quarter with record smartphone shipments.
Each year, smartphone sales grow. Overall, the market is doing really well, and 2014 is no different. Gartner has released their Q3 2014 smartphone sales numbers, and the overall growth is impressive. Versus this time last year, manufacturers around the globe have shipped upwards of 50 million more smartphones, which represents a 20% hike in overall movement.
Square, the San Francisco e-commerce start-up, plans to raise at least $100 million in a new round of venture capital funding, according to a person briefed on the investment.The new round of financing would value the San Francisco-based start-up at $6 billion, said the person, who spoke on the condition of anonymity because the talks were private.
The company said it expects sales of between 51 trillion and 53 trillion won ($46.4 billion to $48.3 billion) and operating profit of 5.0 billion to 5.4 billion won ($4.55 billion to $4.92 billion).That would be a drop of about 12% in revenue and 37% in operating profit.We'll get more details when Samsung reports earnings later this month.
Nintendo may have stopped its sharp fall. To start climbing again, the video game company is expanding its playbook, Gregory Schmidt reports.On Friday, Nintendo is releasing two products. One, the video game Super Smash Bros., follows the company’s traditional strategy of updating a top-selling franchise for a next-generation console.
Samsung reportedly sold 40-percent fewer Galaxy S5 smartphones than the company had expected, a huge and unexpected drop versus the previous Galaxy S4, leaving handsets piled up in warehouses and putting executives at risk.
Spotify uses flashbacks to tell a girl's story of her teenage cheerleading team and their secret "Toilet Paper Committee." The TPC put on bandannas and war paint, pile into a car with mass amounts of toilet paper, and find the best houses to hit.Music streaming service Spotify is taking competitors Pandora and iTunes Radio head-on with the release of its first US TV ad campaign.
Earlier this month, Samsung warned investors not to get their hopes up. For the September quarter, Samsung indicated that profits were likely to be 60% lower year over year. True to form, Samsung earlier this week released its earnings report and the results were as grave as the company anticipated.
There's been a few signs that not all is well in Samsung's mobile division, with the company pledging to makefewer new devices, as well as its chieftaking a pay cut. If theWall Street Journalis to be believed, the cause of this unrest is all down to faltering sales of theGalaxy S5, which has apparently sold four million fewer phones than its predecessor.
HTC could finally be on the road to recovery after it notched itsfirst quarterly year-on-year revenue growthsince 2011. The Taiwanese smartphone makergrew sales to NT $47.9 billion($1.5 billion) in the fourth quarter of 2014 -- a substantial increase on the NT $42.9 billion ($1.34 billion) it reported the same time last year.
BERLIN — The holiday shopping season is still months away. But the world’s technology giants are already trying to position their latest smartphones, televisions and other devices for their annual push to consumers around the globe.
Huawei just introduced a new Android tablet. The Honor T1 is yet another affordable slate from the Chinese manufacturer. This is another addition to Huawei's Honor series which the company has been trying to market all over the world. The new Android tablet is affordable at only $160 (€130).
Why do American Internet companies, like Facebook, want so badly to get into China?The second-largest pool of advertising dollars in the world is there, and right now, Chinese companies like Alibaba and Baidu are scooping up the lion’s share of it.
Steyer and his wife, Kat Taylor, were hosting the dinner for a non-profit that was trying to raise money.this guy is different than the average entrepreneur." He thought Tetrick had "incredible charisma." Shortly after that meeting, he visited Hampton Creek, and he says he felt even stronger about Tetrick and the company.Is a pretty awesome addition for us," says Tetrick.