Nokia today announced its latest financial results. Net sales hit €3.4 billion (about CA$5.17 billion), a 21% drop over the same quarter a year ago but an 18% improvement over Q3 2013. It was the last time that Nokia report results that include sales from its phone division. With the Microsoft acquisition of its Devices and Services group set to […]
Financial results
HTC reports narrow Q4 2013 profit
HTC today announced its latest financial results. Unlike the previous quarter in which it recorded its first ever loss since going public in 2002, it was able to report a profit for its Q4 2013 financial quarter. Profits came in at NT$310 million (just under CA$11 million) on revenues of NT$42.9 billion (about CA$1.52 billion). While the profit may appear at […]
BlackBerry records US$4.4 billion loss in for Q3 FY2014
Following news this week that BlackBerry’s new CEO was beginning to implement his strategy to turn the beleaguered company around by rebuilding its executive team, it announced its financial results for the third quarter of its 2014 fiscal year. In a nutshell, they clearly show how far the company has to go. The company recorded a staggering US$4.4 billion loss […]
Acer CEO resigns after record loss in latest quarter
It’s not a good week for CEOs. Following yesterday’s shakeup that saw Thorsten Heins replaced by John S. Chen at the head of BlackBerry, Acer Chairman and CEO J.T. Wang today announced his resignation following the company’s worse-than-expected loss of T$13.12 billion (US$446 million). The board accepted his resignation and immediately announced that Corporate President Jim Wong will succeed Wang […]
Strong smartphone sales buoy latest Sony financial results
Sony today reported its Q2 FY2013 financial results. Overall, the company reported revenues of ¥1,775.5 billion yen (about US$18.1 billion), resulting in profits of ¥14.8 billion (US$151 million). While revenues were up about 10% year-over-year, profits tumbled more than 50% due to a “significant decline in operating results in the Pictures segment.” That decline was partially offset by the performance […]
Nokia ship 8.8 million Lumia smartphones in Q3 2013
Nokia today announced financial results for its Q3 FY2013. Revenues came in at €5.66 billion (about CA$8.1 billion) and an operating profit of €118 million (about CA$170 million). The Devices and Services that Microsoft is set to acquire saw a loss of €86 million (about CA$124 million). Nokia’s smartphone sales improved again, increasing 19% over the previous quarter to hit […]
LG ships 12 million smartphones in Q3 FY2013
LG yesterday announced its financial results for the third quarter of its 2013 fiscal year. Overall company revenues hit KRW13.89 trillion (US$12.51 billion) with its operating profit increaseing 27% to to KRW217.80 billion (US$196.34 million) over the same quarter a year ago. On the mobile side (what we really are interested in here at EyeOnMobility), LG’s Mobile Communications business unit […]
HTC posts loss for Q3 2013 while Samsung hits record profits again
It’s a tale of diverging fortunes. While HTC continues to struggle to remain relevant (much as BlackBerry is), Samsung is once again soaring to new heights. While one posted its first ever loss since going public, the other posted another record quarter. As it had warned when it announced its Q2 financial results, HTC today confirmed that it has posted […]