Tag Archive: weak

LG’s Q1 2020 net profit jumps 21.1% YoY, despite weak smartphone sales

The company’s smartphone sales decreased by 34% in the first quarter of the year.

What you need to know LG’s operating profit increased to KRW 1.09 trillion ($ 921.47 million) in Q1 2020. The company’s 7.4 percent operating margin during the quarter was the highest in its history for a first quarter. Consolidated revenue, however, declined slightly compared to the same period a year earlier.

Just like its compatriot Samsung, LG today announced its financial results for  [Read More…]

Samsung posts ‘solid’ Q1 results, forecasts weak Q2 profit due to COVID-19

The company’s Q1 operating profit increased by KRW 0.2 trillion ($ 164 million) in Q1 2020.

What you need to know Samsung Electronics has announced its Q1 2020 financial results. The company reported quarterly operating profit of KRW 6.45 trillion ($ 5.3 billion) and sales of KRW 55.33 trillion ($ 45.4 billion). It is anticipating a decline in revenue in Q2 2020 as COVID-19 will impact demand for its core products.

Samsung today announced its financial results  [Read More…]

Samsung’s Q2 2019 profit falls by a staggering 56% after weak memory demand

Analysts expect the memory chip market to recover only in the second half of 2020.

What you need to know Samsung’s Q2 2019 profit was 56% lower compared to the same period last year. Drop in demand of memory chips is a major reason behind the massive drop. The company plans to enhance its 5G lineup and introduce more A series phones in the second half of the year.

Samsung, which is currently the world’s largest maker  [Read More…]

Samsung forecasts dip in Q2 2018 profits following weak smartphone sales

Samsung is still making boatloads of money, but profits don’t quite match up to previous quarters.

Samsung announced record earnings for four straight quarters, but that streak is about to come to an end. In its Q2 2018 earnings guidance, Samsung is forecasting an operating profit of $ 13.2 billion (14.8 trillion won), up 5% from the same period a year ago.

Overall revenue at $ 51.7 billion (58 trillion won) is less than the $ 54.8  [Read More…]

Never get frustrated by weak signals again with the $440 eero Pro WiFi system

The Thrifter team has a new deal on the eero Pro WiFi system, a great way to make sure your house is covered in the strongest possible Wi-Fi signals!

This eero Pro WiFi system comes with three eeros and is down to $ 439.99 on Amazon. This is eero’s newest package, having only been released in June and has never dropped below $ 500 on Amazon in that time. A couple other retailers have matched, or come close to  [Read More…]

Weak G5 performance hurt LG’s mobile business in Q4 despite ‘strong sales’ of V20

LG couldn’t catch a break in 2016. Let’s hope 2017 fares better.

The hits keep coming for LG, as the company posted a loss of some $ 224 million in the fourth quarter on declining mobile sales.

Revenue in the mobile division declined 25% between Q4 2015 and the same period last year, with LG calling the situation “challenging.” The G5 was mainly to blame, though there was some slowdown in the entire category for the Korean giant, which  [Read More…]

Huawei Fit review: A weak pulse

Huawei’s latest fitness band leaves a lot to be desired.

The fitness band is over. Jawbone abandoned ship; Nike, too. It’s easier — and more profitable — to own the data, to partner with companies like Apple and Fitbit, which actually make money from these things. There is one way to do fitness hardware: undercut everyone, like Lenovo and Xiaomi are doing with their $ 20 fitness bands, mainly sold in China, in order to saturate  [Read More…]

Samsung’s Q3 earnings dragged down by weak smartphone sales

Given intense competition in the global smartphone race, Samsung Electronics reported its third quarter earnings, showing a steep decline in profits of almost 60 percent compared to a year ago. Global profits during the quarter came in at $ 3.9 billion, which is in line with the guidance Samsung had previously issued. Revenues fell by about 20 percent to $ 45 billion when compared to the same quarter last year.

  [Read More…]