Dec 29
90 million unique visitors a month has to be good for something. But so far Reddit hasn’t been able to stay consistently profitable even with all those people (yeah, you) banging down the door.
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Jan 07
What’s the lion’s share look like in sales numbers? About 500 handsets a minute, according to Samsung. The Korean hardware giant flaunted the sales estimate in its Q4 investors guidance, where it says it expects to see $8.3 billion in profits when the official earnings report drops later this month. That’s just shy of double what it reported over the same period in 2011. Sammy contributes the growth to a plentiful supply of regional variants of handsets like the Galaxy S III and Note II, as well as high demand for its display technology. The streak may not keep forever though, according to Reuters, analysts are predicting a first quarter slump without a new Galaxy S phone for the spring. We’ll have to wait for the full earnings release to see how things pan out, but it doesn’t look like the firm will be hurting for cash any time soon.
Filed under: Cellphones, Samsung
Source: Reuters
Oct 25
Samsung set the bar a little lower than the final mark when it told investors its expectations earlier this month, posting $7.4 billion in operating profits for Q3 and $5.97 billion in net income. This handily bests the $7.28 billion profit it told investors to expect, nearly doubling what it made over the same period last year. Why the jump? You can blame the Galaxy S III, which increased shipments “significantly due to global expansion,” the company says. Indeed, smartphone sales are credited to Sammy’s quarter over quarter leap in revenue. Consumer electronics sales also boosted profits a fair deal, achieving “industry leading profitability” in the TV market, according to Samsung, who cited growth both in the consumer space, and in the sales of OLED panels for televisions, tablets and high-end smartphones.
The company’s semiconductor sales, on the other hand, dropped by eight-percent in the face of weak PC demands. Samsung expects demand for PC DRAM and other high value-added chip products to remain weak, but optimistically notes that the sector is still profitable, and may pick up as new devices come to market. Got the basics? Great — dive into the details and charts at the source link below, or read on for Sammy’s official Q3 press release.
Continue reading Samsung makes $7.4 billion in Q3 profits, surpasses expectations
Filed under: Cellphones, Misc, Home Entertainment, Samsung
Samsung makes $7.4 billion in Q3 profits, surpasses expectations originally appeared on Engadget on Thu, 25 Oct 2012 20:02:00 EDT. Please see our terms for use of feeds.
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Samsung Q3 earnings slides (PDF) | Email this | Comments
Oct 23
ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets
Posted in: Today's Chili 
British chip designer ARM has just revealed its accounts for Q3 2012 and they show a familiar pattern: namely, a double-digit rise in both revenue (up 20 percent to £144.6 million, or around $230 million) and pre-tax earnings (up 22 percent to £68.1 million). According to Reuters, the company is attributing its latest bout of success to making “further inroads” into growing markets like smart TVs and microcontrollers. Of course, all of this is stands in stark contrast to the traditional x86 PC world, where giants like Intel and AMD have been struggling with weak demand.
Filed under: Cellphones, Tablets, Mobile
ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets originally appeared on Engadget on Tue, 23 Oct 2012 03:00:00 EDT. Please see our terms for use of feeds.
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Oct 04
Samsung expects around $7.28 billion in operating profits for Q3, setting another record
Posted in: Today's Chili
Samsung has provided investors guidance ahead of its full Q3 earnings report that’s due before October 26th, and as has been the custom, the numbers are huge. It’s expecting a fourth straight record quarter with overall operating profit of 8.1 trillion won ($7.28 billion), an amount that would more than double last year’s results for the same period and clear Q2s $5.86 billion, all on sales of 52 trillion won ($46 billion). We’ll have to wait for the full report to see numbers broken down by department, but it’s safe to say that there’s a lot of Galaxy S IIIs (it ticked past 20 million last month) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.
Filed under: Cellphones, HD, Mobile, Samsung
Samsung expects around $7.28 billion in operating profits for Q3, setting another record originally appeared on Engadget on Thu, 04 Oct 2012 20:33:00 EDT. Please see our terms for use of feeds.
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Jul 26
Samsung’s Q2 2012 earnings show $5.86 billion operating profit, that’s a lot of Galaxy S IIIs
Posted in: Today's Chili 
The numbers for Samsung’s Q2 2012 earnings period are in and it was another big one, with the electronics giant reporting an operating profit of $5.9 billion, driven largely by growth in its smartphone business — just as it predicted. That’s up 79 percent from the same period last year, with the Galaxy S III and Galaxy Note specifically mentioned as having contributed to both high sales and higher average selling prices. The company doesn’t break out exact selling figures in its earnings reports, however that business unit contributed $3.65 billion in profit to the bottom line. Sales of memory chips and processors declined slightly from last year, TV sales were up slightly, thanks to demand for 3D and LED models. Samsung is claiming a mid-80 percent share of LED HDTV sales and plans to keep that going by pushing “entry level” models in emerging markets. Ready to dig through the numbers yourself? The press release follows after the break, if we find any more details or hear anything on the earnings call, we’ll let you know.
Filed under: Cellphones, Home Entertainment
Samsung’s Q2 2012 earnings show $5.86 billion operating profit, that’s a lot of Galaxy S IIIs originally appeared on Engadget on Thu, 26 Jul 2012 20:09:00 EDT. Please see our terms for use of feeds.
Permalink | Samsung Q2 2-12 Earnings slides (PDF) | Email this | Comments
Jul 24
LG Q2 2012 earnings show a loss on cellphones, but higher profits overall thanks to home theater
Posted in: Today's Chili 
LG has released its earnings statement for the Q2 2012 period, the claim of “turning a corner” in Q1 has just managed to hold up as it registered net profits of $138 million, up 46 percent from the same period last year. Revenues, while higher than Q1, were actually down from last year and blamed on declines in featurephone sales and slow sales of IT products. The mobile division also struggled after a strong Q1 and took an operating loss, however the positive takeaways are a rising percentage of smartphone shipments and plans to launch new LTE-connected models in North America (we’ve spotted the likely Spectrum 2 for Verizon already), Europe and Asia later this year. The good news for the home theater segment continued however, with an operating profit of more than double last year at $187.5 million despite slightly lower sales due to an increase in sales of premium products like its Cinema 3D HDTVs, which it expects to become the “top global seller” in the 3D segment. There’s more details in the press release after the break or PDF linked below if you need more numbers.
LG Q2 2012 earnings show a loss on cellphones, but higher profits overall thanks to home theater originally appeared on Engadget on Wed, 25 Jul 2012 00:36:00 EDT. Please see our terms for use of feeds.
Permalink | LG 2Q 2012 Performance Results (PDF) | Email this | Comments
Jul 06
HTC’s fortunes aren’t going so well. At the start of the year, the company announced a 22 percent decline in operating income, year-on-year. Today, it’s had the misfortune to announce that its second quarter net profits for 2012 are down a hideous 57 percent compared to the year before. More »
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