profits

Samsung to cut up to 30% of phone models, protect profit margins

It was bound to happen sooner or later – Samsung has been one, if not the most prolific gadget maker in the global market in terms of number of models out in the market. But with the Korean giant’s profit margins shrinking because of pressure from smaller Chinese smartphone manufacturers, Samsung has announced that they plan to reduce the number of smartphone models to cut costs.

Amazon makes zero profit from Kindle

Amazon CEO Jeff Bezos confirmed that the Kindle nets zero profit for Amazon. Rather, they sell them at cost with the hopes of making up for it with sales of ebooks, videos, and music downloads, according to the BBC. For a while, rumors have circulated that Amazon might actually be selling Kindle and Kindle Fire's at loss. As it turns out, they are not that discounted, but in business, breaking even is not generally the goal either.

Samsung confirms all time high $7.3bn profit for Q3 2012

Samsung has put up a new personal best $7.3bn profit for Q3 2012. This is the highest quarterly profit in the companies' history, and much of it is likely fueled by the popularity of the Galaxy S III and other Android devices. Of course, being one of the leaders for high-end TVs certainly did not hurt their bottom line either. Samsung actually doubled their profit from Q3 last year. However, they do not expect that to continue through next quarter. Samsung is indicating high levels of competition from the iPhone 5 will play a major factor in their expected profit going forward. There is also the potential billion dollar bill Samsung could face if none of their appeals in the Apple trademark infringement case work. Besides possibly paying a large sum to Apple, Samsung also intends to ramp up marketing, which can prove quite costly in the short term. The $200 billion smartphone market is obviously competitive, and marketing plays a key role in making a device stand out. Because Samsung is expecting to turn $25bn in profit for the entirety of 2012, they will also be faced with much higher performance bonus payouts for its employees. This will cause Samsung's bottom line to take yet another hit. Still, a record setting quarter is most certainly not a bad thing, and Samsung is clearly in a position to remain among the top electronics companies in the world. [via SlashGear]

Google posts $10.6 billion in revenue for Q1 2012

Ready for the most exciting news of the day? Well, this isn't it, unless you're just getting off your shift on the NYSE. Google's posted its quarterly results for the first quarter of the year, and while generally rosy, they're nothing to write home about. In total, Google took in 10,645,000,000 dollars in January, February and March, up 24% from the same time frame last year but gaining only one percent since the last quarter. Compare that to the difference between Q3 and Q4 off 2011, when Google increased its income by about 8%.

HTC Q1 report shows profit loss but rising sales

HTC's been in something of a slump for the last six months or so, showing flat or dropping sales in the face of competitors like Samsung and Apple. And while their first quarter of 2012 isn't exactly showing an amazing turnaround, there's light at the end of the turned for the Taiwanese manufacturer. When compared with the excellent numbers the company put up in 2011, HTC steadily cut its margin of losses in February and March, going from a n over 50% decline to just 16.6%.
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