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.
Despite a supposedlyweakPC market, Lenovo doesvery well, thank you. It's trying to sprinkle the same golden dust on to its latest acquisition, Motorola, and appears to be succeeding. Sales for the iconic brand areup 118 percentover last year to $1.9 billion (with more than 10 million units shipped).
In China, though, Apple has found success by following one, Brian X Chen reports.For years, Apple rivals like Samsung offered large-screen smartphones. Although the bigger phones sold well in China, Apple held off on releasing a similar model, and the country remained a weak spot. But Apple introduced its own versions last September, and now the sales spigot is wide open.
When Apple reported a record-shattering profit of $18 billion last month, the company said its growth came largely from sales in greater China. This week, some research firms gave a clearer picture of just how big Apple has become in China.
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.
Lenovo has posted its Q3 2014 earnings, and in it we see some good news tempered by a few hiccups. Revenue for the quarter ending on December 31 saw a 31-percent year-on-year increase, hitting $14.1 billion.
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.
Sony’s latest earnings report wasn’t bad news, as you might have expected. In fact, it was their best earnings announcement in quite some time, even with the crippling hack, which cost them $15 million. Across the board, Sony was up, and shipped more Xperia smartphones than they ever have, and moved a lot of PlayStation 4s. Sony also experienced growth in sales of sensors.
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.
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.
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.
HONG KONG — After a rough few months, Sony got some relief Wednesday as net profit almost doubled analysts’ expectations and the company reduced its loss projections for the year, Paul Mozur reports.Not all the news was good, though. Sony, the Japanese electronics maker and media company, said that it would lay off 2,100 employees in its struggling mobile communications unit by March 31.
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.
But focusing on market share misses why the iPhone has become so integral to Apple's business.Apple sold 75.4 million iPhones over the holiday quarter, the company announced last week . That makes a total of more than 192 million sold for the year. That sounds like a lot, but Android dwarfed Apple with over a billion smartphone shipments in 2014, according to a Strategy Analytics report .