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.
Intel has published its revenue report for Q1 2014 and 2013, revealing that the company’s mobile communication division struggling with large losses.
HTC has posted its second loss in three quarters, but can the company’s new line-up of premium and mid-range products put the company back on track?
Sony has just released its figures for Q3 2013 which shows strong growth in its mobile business. But the declining PC market had led the company to sell off its VAIO PC business.
LG announced today results for Q4 2013, and they are a mixed bag. Good smartphone sales could not help LG obtain a profit from its mobile business in the last quarter of 2013.