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.
LAS VEGAS—Huawei is coming to the US this year with one monster of a “phablet.” The company announced the 6.1-inch Ascend Mate2 4G, the next generation of its Android smart phone/tablet, at a press conference at CES. It's Huawei's next step as the company attempts to establish itself as a global consumer brand.
Sales of Mobile Devices Increase 24 Percent From Same Period Previous YearSEOUL, Oct. 24, 2013 - LG Electronics Inc. (LG) today announced third-quarter 2013 consolidated revenues of KRW 13.89 trillion (USD 12.51 billion).
LONDON – Consumers in developing countries like Brazil and China are set to continue as the main engine for sales growth for devices like smartphones and tablets in 2014, according to a research report published Tuesday. In total, worldwide shipments of computers, tablets and smartphones are estimated to rise 7.
LG has just released its last financial report for 2013, covering both the final quarter and the full-year earnings. While LG’s financial status has been positive overall, it was still marred by some bad news on all fronts. Unsurprisingly, the biggest increase came from its smartphones.
In the last quarter of 2013, LG suffered a slight loss of $60.
If you want an idea of just how attractive China is to OEMs, look no further than Huawei. The company, which is almost wholly focussed on the Chinese market, announced their unaudited earnings for 2013 yesterday. Profits are way up, and their growth goals are right on target.
Apple has just released its financial results for the first quarter of fiscal 2014, which runs from the beginning of October to the end of December. The company earned $13.1 billion in profit on a record $57.6 billion in revenue. Both the revenue numbers and the company's 37.9 percent gross margin were in line with the guidance Apple released at the end of last quarter.
We had some issues with Huawei's Ascend P6 when wereviewed it last year-- despite a sleek thin design, a gorgeous display and a solid camera, it simply lacked oomph. Now the company has given the handset a slight revision, bumping its original 1.5GHz quad-core processor up to 1.6GHz.
Today the Wall Street Journal reported that Snapchat turned down a $3 billion or more all cash acquisition offer from Facebook. The news has taken many by surprise, as Snapchat has no revenue, and is an exceptionally young company.
The leaked offer could be a trial balloon of sorts to help Snapchat raise its next round, which was reportedly set to value the firm at $3.5 billion .
Facebook hit a major milestone with today’s Q4 2013 earnings as it crossed the halfway point and now earns 53% of ad revenue from mobile, or $1.37 billion of its $2.59 billion in revenue this quarter. The small-screen skrilla comes from 556million daily mobile users up from 507 million in Q3, and 945million monthly mobile users up from 874 million.
Apple reported its fourth quarter 2013 financial results today, selling 33.8 million iPhones, a new record for the September quarter. It sold 26.9 million iPhones in Q4 2012. The company sold 14.1 million iPads in the fourth quarter, compared to 14 million in Q4 2012. Apple reported $37.5 billion quarterly revenue and a quarterly net profit of $7.5 billion — $8.26 per diluted share.
TOKYO — The two biggest smartphone rivals, Samsung Electronics and Apple, can each find reasons to cheer about industry sales numbers reported this week.
Samsung recorded its highest share of smartphone shipments to date in the third quarter, when it accounted for 35 percent of the total worldwide, according to Strategy Analytics , a research firm. Samsung shipped 88.
Amazon has announced its fourth-quarter earnings for 2013, including a 20-percent increase in sales and an operating cash flow increase of 31-percent. There was a big jump in net income over the same quarter in 2012, as well, and a net sales rate of $25.59 billion in the past quarter.
You once had to look to thebroader cellphone marketto see more than a billion phones ship in one year. Well, times have changed... at least, if you ask the right analysts. IDC nowestimatesthat smartphone shipments topped one billion for the first time in 2013. However, Strategy Analyticsbegs to differ-- it reckons that shipments fell just short, at 990 million.
Investors had expected Microsoft toearn $0.68 on revenue of $23.7 billion.In after-hours trading, Microsoft is up several points. In regular trading, Microsoft managed a gain of under 0.2 percent by the end of the day.Today after the bell Microsoft reported its fiscal second quarter performance for the calendar fourth quarter period, including revenue of$24.52 billionand earnings per share of $0.