Samsung made more money between January and March 2018 than ever before, specifically around $14.5 billion in operating profit, but no thanks to the iPhone X.
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Samsung made more money between January and March 2018 than ever before, specifically around $14.5 billion in operating profit, but no thanks to the iPhone X.
The post Samsung breaks quarterly profit records yet again, mostly thanks to chips and high-end phones appeared first on Pocketnow.
Apple is the unrivaled world heavyweight champion of smartphone profits, according to the latest Counterpoint Research analysis, with the iPhone X proving particularly lucrative during Q4 2017.
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Sony will have a new CEO, CFO and mobile business skipper starting April 1, reporting astounding overall financial results for fiscal Q3 2017, but once again losing on smartphones.
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LG lost another $192 million on smartphones during Q4 2017, nonetheless reporting all-time high overall annual revenues of $55.4 billion.
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Samsung Electronics is keen to avoid a leadership "vacuum" with a younger new generation of managers while making even more money during Q3 than Q2 2017.
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Samsung Electronics might be making crazy amounts of money right now, but an "unprecedented crisis inside out" continues to shake up its management.
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The iPhone X was always supposed to be lucrative for Apple arch-rival Samsung, but $14 billion may exceed the chaebol's wildest dreams.
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Samsung could enjoy three consecutive quarters of record profits this year, with Q3 and Q4 tallies projected at $12.5 billion and $13.6 billion.
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Samsung profit numbers exceeded expectations and crushed past records during the year's second quarter, thanks mainly to chips, OLEDs and Galaxy S8s.
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Instead of helping LG's smartphone division finally yield a quarterly profit, the G6 contributed to bigger losses and lower overall earnings.
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Memory chips, displays, as well as low and high-end smartphones, have helped Samsung not just neutralize Note 7 losses, but post healthy Q4 2016 profits.
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The Android smartphone market needs another hero after Samsung’s abrupt fall from grace this past quarter, with three Chinese OEMs actually rising to the challenge and splitting Apple’s scraps, according to fresh Strategy Analytics research.
This particular consulting firm estimates iPhones captured a record 91 percent share of $9.4 billion total worldwide industry profits, which makes a little more sense than mind-boggling numbers previously thrown around by BMO Capital Markets analysts.
Either way, Cupertino still has no rival to first place in global profitability ranks, especially now that Huawei, Vivo and OPPO are essentially tied in second, third and fourth positions, with Samsung falling to the “Others” category.
And sure, a 2.4 percent slice of the operating profit pie, equating to roughly $200 million, doesn’t sound impressive for the world’s third largest smartphone vendor when Apple scored mobile gains of $8.5 billion between July and September 2016.
Then again, Huawei’s $200 million quarterly surplus is practically a match for the combined tally of all the “other” OEMs, including Samsung. Vivo and OPPO continue to make waves with “disciplined pricing and soaring shipments across Asia”, themselves breaking away from the losing pack, at $200M profits each.
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Despite a reported annual growth of 7.5 percent, the global smartphone market arguably went through one of its toughest quarters yet between July and September 2016. At the top of the manufacturer ranks, both Samsung and Apple lost precious share, while the further consolidated OS duopoly looks on the verge of turning into a dangerous monopoly.
But that’s strictly speaking from a sales volume standpoint, because iPhones somehow yielded 103.6 percent of the industry’s Q3 profits, considerably up from an already impressive 90 percent or so during the same period of last year.
How is it even mathematically possible for a single device vendor to rack up all of such a seemingly lucrative and competitive market’s financial gains, and then some? It’s simple: almost no one else in the business made any money at the end of the day, with LG and HTC singled out as the quarter’s biggest, highest-profile losers.
Samsung, meanwhile, was both a profit and shipment winner, though its piece of the worldwide earnings pie shrunk from 11 percent in Q3 2015 and 14 for the whole year to under 1 percent now. 0.9, to be exact, as Galaxy Note 7 damage control strategies mostly failed. No words on Huawei’s performance in recent BMO Capital Markets analysis, with the rising star’s ambitions still focused mainly on sales numbers.
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