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.
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.
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.
You might have been distracted by Microsoft's colorful glossy Nokia X2 reveal, but Huawei will grab your attention with its somewhat strangely named Honor 6 flagship. Aside from sporting what is touted to be a processor as fast as Qualcomm's beasts, this smartphone boasts of a incredibly thin bezels that give more space to the device's screen. That screen measures 5.
IBM just reported its quarterly earnings and it's full of good news. It reported darnings per share of $4.32 and revenue of $24.36 billion. That's a beat, all the way around. Wall Street analysts expected $4.29 cents EPS on $24.12 billion in revenue. The expectations for revenue were modest, a 3% decline. IBM still reported a decline, but of only 2%.
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.
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.
Apple's earnings are in, and as expected the company got a nice boost in sales over the holidays. We're talking 51 million iPhones sold -- an all-time quarterly record -- up from 47.8 million during the same quarter last year. It's unclear just how the iPhone sales break down between the iPhone5cand5smodels, as Apple didn't offer those numbers.
Samsung had a rough day yesterday. Itsearnings reportindicated the company experienced the first posted drop in profit in two years (amere$7.8 billion, compared to $8.27 billion in the same quarter last year), thanks to a strong Korean won, a special one-off bonus payment to employees and heavy holiday marketing costs.
PARIS – Huawei is taking another run at the global smartphone dominance of Apple and Samsung.On Wednesday, Huawei, already the third largest smartphone maker, introduced its latest phone, called the Ascend P7.
“The sheer volume and strong growth attest to the smartphone’s continued popularity in 2013. Total smartphone shipments reached 494.4 million units worldwide in 2011, and doubling that volume in just two years demonstrates strong end-user demand and vendor strategies to highlight smartphones,” wrote Ramon Llamas, research manager with IDC’s Mobile Phone team.
Amazon clearly didn't have any problems generating a profit this holiday. The online retail powerhouse says that it made atidy profitof $239 million in the fourth quarter of 2013, or more than twice as much as it manageda year earlier. That's on top of a year-over-year revenue increase, to boot -- Amazon raked in $25.59 billion during the quarter versus $21.27 billion at the tail end of 2012.
Lenovo may be the world'sbiggest PC maker, but it's clearer than ever that much of the company's growth now comes from mobile. The Chinese tech giant hasreporteda 30 percent year-over-year jump in its calendar fourth quarter profit ($265 million) that's owed partly to massive spikes in non-PC shipments. Its smartphone deliveries grew by 47 percent to 13.
Latin America (which had a 96.1% regional growth rate), the Middle East and Africa, Asia/Pacific and Eastern Europe, where Gartner notes sales grew by more than 50% in Q4.The country with the highest individual smartphone sales growth was India, which exhibited a 166.8% increase in Q4. China also contributed significantly to global smartphone sales with a rise of 86.3% in sales during 2013.
Kantar says the effect of competition on Samsung resulting in the Korean OEM taking 40.3% of sales across the big five markets in Europe (UK, Germany, France, Italy and Spain) — that’s down 2.2percentage points. Inthe key market of China, Samsung accounted for only 23.7% of sales — flat compared to a year ago.Meanwhile, Microsoft’s Windows Phone platform continues to take a minor third position, but in contrast to Apple, it is in a continued phase of growth — with Latin America the only region where its sales declined compared to a year ago. Still, Windows Phone’s portion of sales remains small.