earnings

LG ships 14.5 million smartphones in record-high performance

Sometimes, all it takes is just one brilliant product and several popular ones (and for your archrival to have a slump) to pull up your net profits. Korean OEM LG Electronics announced a 165% increase in net profit earnings, with their mobile electronics company contributing largely to the numbers. They have shipped a record number of 14.5 million smartphones for this second quarter, ending three straight quarters of losses for the mobile division.

Facebook earnings show messaging is the way to profit

With their earnings call today, Facebook announced the typical myriad of financial statistics. A giant increase in both revenue and profit carry the day, but additional news from their various entities more than suggest their direction. When it comes to Facebook and the user, the message is clear: messaging is their new direction.  

HTC’s Q1 2014 earnings show net loss, revenue dip

HTC has released unaudited financial results for the first quarter of 2014. In their report, we see that the resurgent Android OEM still has quite a bit of work to do, as they had a net loss of NT$1.88 billion (about $62 million). Revenue was also down a touch to NT$33.12 billion, or just over $1 billion.
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