Sony recently posted a $1.7 billion loss, which it attributed to poor smartphone sales. But with LG, Xiaomi, and others performing well, we explore why Sony is struggling.
Sony realized that its mobile business is not as valuable as it thought and had to book the $1.7 billion loss representing the difference between its estimations and reality.
HTC breaks three months of losses to post a profit in Q2 2014, but worrying July sales leave question marks over the company’s long term sustainability.
After weeks of preemptive damage control, Samsung has published its earnings report for Q2 2014. The results show a poor performance for the mobile division, whilst the rest of the company shows growth.
LG’s mobile business has undergone a turnaround this quarter, posting record smartphone sales for the company, which is reflected in an impressive Q2 earnings result.
Ahead of anticipatedly poor Q2 financial results, 200 managers in Samsung’s mobile division have returned a quarter of their bonuses to the technology giant.
HTC has published its sales figures for the month of May, and it’s not exactly the good news we were hoping to hear.
Sony said it sold 39 million smartphones in fiscal year 2013, compared to 33 million in the previous year. For fiscal year 2014, the company hopes for 50 million unit sales, translating in a 28.4 percent increase in operating revenue.
The One (M8) outperformed the sales of the M7 in the same period last year, said Jack Tong, President of HTC North Asia. The company says it had “solid” sales in Europe, Middle East, and Africa, thanks largely to the M8, as well as “strong momentum” in India and China.
Samsung has announced revenues of 53.68 trillion Korean won (52 billion USD) and an operating profit of 8.49 trillion won ($8.24 billion) for Q1 2014.