Hasta La Gadget!

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.

Permalink   |  Samsung Q3 earnings slides (PDF)  | Email this | Comments

Canon just released its Q3 2012 earnings reported, and things aren’t looking peachy right now for the camera maker: revenue is down 13 percent to $10.3 billion from last Q3 last year, while profit tumbled by 42 percent. The Japanese company directed the blame toward the “negative impact of economic deterioration” in Europe and emerging markets like China, as well as the strong yen (again). DSLR sales fell over last year, with Canon mentioning that its launch of new models like the EOS 5D Mark III didn’t help to shore its camera figures up. Other units within the company didn’t fare much better, with printer sales falling and business-to-business numbers flatlining. The company doesn’t see a bright fourth quarter either, and is projecting that sales will stay in lockstep with the sluggish economy, resulting in a 6 percent decline in operating profit for the year. It may not want to count so much on the new mirrorless offering pulling it out of the mud, though — it got fairly mixed reviews.

Filed under: Cameras, Canon

Canon announces Q3 2012 results: operating profit down 42 percent to $908 million originally appeared on Engadget on Thu, 25 Oct 2012 07:01:00 EDT. Please see our terms for use of feeds.

Permalink   |  Canon  | Email this | Comments

You could argue that toughened glass is the cornerstone of the modern mobile industry: without the knowledge that our touchscreen phones and tablets could survive the everyday risks of scratches and minor drops, many of us would be terrified of leaving home with a glass-covered mobile device in our hands. Corning now has evidence to prove just how important that silicate can be. In addition to the mostly upbeat third quarter fiscal results you’ll find after the break, the firm brags to us that more than one billion devices have shipped with some variant of Gorilla Glass in place, spread across 33 major brands and 500 individual models that are occasionally very immobile. We can’t give Corning all the credit when alternatives like Dragontrail exist, but numbers like these make it hard to dispute that millions of gadgets have been spared an untimely end (or a flimsy plastic display) by some clever primate chemistry.

Continue reading Corning touts 1 billion Gorilla Glass devices: that’s a lot of face-saving surfaces

Filed under: Cellphones, Tablets, Mobile

Corning touts 1 billion Gorilla Glass devices: that’s a lot of face-saving surfaces originally appeared on Engadget on Wed, 24 Oct 2012 14:50:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments

LG Electronics has reported its earnings for Q3 2012, notching its third straight quarter of positive income with a net profit of 157 billion won ($138.57 million) and “solid” performances from its home theater and mobile businesses. Revenue is down from the same period last year, but seeing as it’s actually making money this time around it’s probably still reason to celebrate. On the mobile side of the aisle it reports an operating profit of $19.42 million with slightly higher sales than Q2, mostly thanks to those LTE smartphones it’s been rolling out. Its home entertainment biz noted a rise in LCD sales, with 3D TVs and LED-lit models growing from last quarter in most markets. Looking towards the future it’s obviously going all-in on the Optimus G (although our interests run towards the Nexus G that should debut next week), and also looks for its Ultra HD television to raise its standing as a premium brand. Check the press release after the break and PDF linked below for more numbers if that’s your thing.

Continue reading LG records a ‘solid’ $138.57 million net profit for Q3, keeps the positive trend going

Filed under: Cellphones, Home Entertainment, HD, Mobile, LG

LG records a ‘solid’ $138.57 million net profit for Q3, keeps the positive trend going originally appeared on Engadget on Wed, 24 Oct 2012 00:32:00 EDT. Please see our terms for use of feeds.

Permalink   |  LG, Q3 2012 Results (PDF)  | Email this | Comments

Netflix saw a return to profitability and more than half a million new US subscribers in the second quarter of this year, and it’s now announced that it’s added a full two million more streaming members worldwide for the third quarter. That brings the company’s global base of streaming subscribers to 29 million, 25.1 million of which are in the US. It’s also announced another bump in profits to $8 million in net income, with global revenue of $905 million. It’s unsurprisingly a different story when it comes to DVD subscriptions in the US, however, with the company reporting a drop from 9.24 million total subscribers in Q2 to 8.61 million in Q3.

In terms of usage, Netflix says that its streaming members have now consumed over three billion hours of content, and that TV shows now account for about two thirds of that viewing activity. The company has also reiterated its commitment to original programming in its letter to shareholders, although it notes that commitment comes with some front-loaded expenses that will result in negative free cash flow for the next “several quarters” beginning with Q4. The company further adds that it believes “investment in originals is wise, and we will evaluate the performance of the slate next year to determine at what level we should fund additional original.” You can find the full letter and all the numbers at the source link below.

Filed under: Internet, HD

Netflix Q3 2012 earnings: 2 million more streaming subscribers worldwide, $8 million net income originally appeared on Engadget on Tue, 23 Oct 2012 16:10:00 EDT. Please see our terms for use of feeds.

Permalink   |  Netflix  | Email this | Comments