Documents obtained by the Korean press show why Samsung Electronics is dominating the mobile market. The conglomerate spent a record $11 billion for marketing activities last year, and $10.6 billion on research.
With the financial state of most OEMs involved in the Android décor being rather gloomy, you can always count on one company to deliver the goods and rake in the big cheese – Samsung.
Google has released its financial results for the last three months of 2012, the search giant had revenues of $14.42 billion during the quarter, up by 36% when compared to the fourth quarter of 2011.
While things didn’t go as bad for LG in 2012 as they did for, say, HTC, we have to say the Korean company, which was once upon a time seen as a fierce Samsung rival, mostly underperformed.
More great news for mobile giant Samsung: quarterly profits for the world leader in mobile phone and memory chip sales have gone up for the fifth consecutive quarter.
In case you haven’t noticed by now, the global economy isn’t exactly doing too well. Countries are struggling to pay off their debts, which means they’re being really anal about making sure everyone is paying their taxes. Large companies, by the very nature of the fact that they’re massive, make a ton of money. Do they store that money where the bulk of their employees live? Nope. They often use what’s referred to as “tax shelters”.
There’s a lot of Apple hate going on in the comments section of our website (sometimes justified, sometimes not as much), but if there’s one thing fanboys, Android enthusiasts and neutral tech lovers can’t deny is Cupertino’s ability of turning everything it touches into gold.
Well, we can’t say that HTC hasn’t warned the world about the treacherous roads ahead. As the Taiwanese phone maker shares its October sales, investors are bracing themselves for the worst. It’s clear from the numbers that HTC hasn’t figured out a way to reverse its downward spiral.
We’ve already heard about Apple and Samsung’s record breaking profits, Nokia’s terrible fall from grace, Google and Microsoft’s worrying drops, and HTC’s disastrous results, and now it’s Sony’s turn to let us peek into the conglomerate’s internal affairs.
If you think that HTC has hit rock bottom with their disastrous Q3 financial results, the phone maker has more bad news to share. In a recent statement, the company said that its Q4 revenue is set to drop 14% compared to the previous quarter, signaling that it has yet to succeed in weathering the Samsung storm.