Tag Archive: profit

Samsung forecasts all-time record profit of $15.5 billion in Q3 2018

After a downturn in Q2, Samsung is once again back to shattering profit records.

Samsung is on track to beat the $ 14.6 billion in profits it netted in Q1 2018. In its Q3 2018 earnings guidance, Samsung is forecasting an operating profit of $ 15.5 billion (17.5 trillion won) on the back of revenues of $ 57.5 billion (65 trillion won).

That’s a 20% uptick from the $ 12.8 billion it recorded in profit during the  [Read More…]

Samsung predicts it’ll break its own profit records in Q1 2017

Samsung forecasts record-breaking profits in Q1 2017.

As the largest Android manufacturer, Samsung records more profits than the rest of the field put together. And it now looks like the company is set to post its highest-ever profits in the first quarter of a year, culminating in its second-best quarter ever.

In its Q1 2017 earnings guidance, Samsung forecast an operating profit of $ 8.8 billion (9.9 trillion won) over revenues of $ 44 billion (50 trillion won), falling  [Read More…]

HTC leaves ‘ultra competitive’ entry-level smartphone market to focus on turning a profit

Expect only mid-range and high-end flagships from HTC moving forward.

HTC is hoping that less is more when it comes to smartphone offerings. Chia-Lin Chang, President of HTC’s Smartphone and Connected Device divisions, says the Taiwanese company will stop chasing high sales numbers in the entry-level smartphone markets and instead focus on designing and selling highly profitable devices.

This news comes from HTC’s quarterly conference call with investors, wherein the company announced a fourth straight quarter posting  [Read More…]

Sony records $205 million profit in Q2 2016, mobile unit finally in the black

Sony has posted its financial results for the quarter ending in June, announcing a modest $ 205 million (¥21.2 billion) operating profit. That’s down from the $ 780 million (¥84.2 billion) recorded during the same period last year. One of the company’s image sensor factories was affected by an earthquake earlier this year, leading to an overall revenue decline of 11% to $ 15.6 billion (¥1.61 trillion).

Sony’s mobile unit saw a 33% decrease in sales,  [Read More…]

LG posts Q2 profit in spite of $132 million loss from the mobile unit

LG has announced its Q2 2016 earnings, recording an operating profit of $ 503.1 million (584.6 billion won) over revenues of $ 12.05 billion (14 trillion won). Strong sales of home appliances and TVs offset the mobile unit’s operating loss of $ 132 million.

LG’s mobile unit recorded a $ 170 million loss in the last quarter as well. The LG G5 managed to net a 12% increase in revenue from the previous quarter to $  [Read More…]

Samsung set to post best profit in two years thanks to the Galaxy S7

Samsung has announced its operating profit is the highest in two years, increasing by 17.4 on last year alone, thanks in turn to sales of its Galaxy S7 handsets. As reported by Reuters, profit made between April and June of this year was likely around 8.1 trillion won ($ 7 billion), which is just shy of the 8.5 billion won the company raised back in Q1 2014.

Interestingly, even amidst strong competition from Apple and other  [Read More…]

Sony records huge net profit in 2015 even as mobile sales decline

Sony has announced its earnings for the financial year 2015, and the vendor has recorded its largest increase in profit since 2007. Net profit increased by 666.7% to ¥304.5 billion ($ 2.7 billion), and operating profit shot up 329% to ¥294.2 billion ($ 2.6 billion). The spurt in profits is due to continued demand for the PlayStation 4, with the games division witnessing an 84.3% increase in operating income to ¥88.7 billion ($ 785 million) and a 11% increase in  [Read More…]

Sony posts $1 billion profit, but mobile sales take a tumble

Sony has posted its Q3 2015 earnings, and while the manufacturer has done significantly better from Q2 2015 on account of strong PlayStation sales, mobile sales have fallen 14.7 percent. Overall, Sony made ¥2.58 trillion ($ 21.5 billion) in revenue, with an operating profit of ¥202.1 billion ($ 1.69 billion). Net profit was at ¥120.1 billion ($ 1 billion), 33 percent higher than Q2 2015.

The PlayStation division saw a sales increase of 10.5 percent,  [Read More…]

Sprint comes close to profit in Q3 2015, continues to attract more customers

Sprint has published the company’s financial earnings report for Q3 2015. The major U.S. carrier made an operating loss of $ 197 million, which is a substantial improvement over Q2’s $ 585 million in the red. The company also added the highest number of porting postpaid phone customers in three years. Net additions for this most recent quarter totalled 501,000, which is an improvement of 471,000 year-over-year.

Postpaid smartphone additions were 366,000. The report boasted  [Read More…]

Samsung releases earnings guidance for Q4 2015, misses profit forecasts

Samsung has released its earnings guidance for Q4 2015, forecasting an operating profit of 6.1 trillion won (US$ 5.08 billion) during the quarter. While the figure is 15.3 percent higher than what the vendor managed in Q4 2014, it is a decrease of 17.5 percent from the $ 6.46 billion netted in Q3 2015.