[ad_1] A few weeks ago, Samsung warned investors that its Q1 profit would drop about 60 percent from the same period in 2018. Now the detailed report has arrived, confirming that projection with an operating profit of $5.4 billion that reflected a 23 percent drop in revenue from its memory chip business. Samsung also suffered […]
Category: earnings
Alphabet continues to spend hundreds of millions on ‘other bets’
[ad_1] The EC fine did make a dent in Alphabet’s net income, with the number dropping to $6.6 billion with the fine taken into account, compared to the $8.3 billion it would be without. That’s a few hundred million less than Q4 2018, when Alphabet made $8.9 billion. Of note is the fact that Google’s […]
PlayStation 4 sales slow down as Sony’s new console nears
[ad_1] The company didn’t elaborate any further on the next-gen PlayStation, aside from an “increase in development expensed for the next generation console.” It expects profits from the gaming business to drop almost 10 percent next year, even if sales remain “essentially flat” during 2019. The PlayStation 4 isn’t expecting any major, standout games this […]
Nintendo Switch passes the N64 in lifetime sales
[ad_1] In its latest earnings report, Nintendo was quick to highlight its always-strong software sales. Super Smash Bros. Ultimate and Pokemon, Let’s Go have sold 13.81 million and 10.63 million units respectively. Nintendo says 23 titles have now hit the all-important one million milestone. These numbers helped the company to report revenue of 1.2 trillion […]
Tesla will begin selling its own in-house insurance ‘in a month’
[ad_1] Despite “significant challenges with the battery module line at Gigafactory 1 in Nevada, and later with our general assembly line in Fremont” Tesla managed to deliver nearly 140,000 Model 3 vehicles in 2018. That trend continued through Q1 2019 with the electric sedan outselling its nearest competitor by nearly 60 percent. “To the best […]
Samsung sees its Q1 profit drop 60 percent from last year’s record
[ad_1] Samsung just released guidance for its Q1 2019 earnings report, and estimates an operating profit of 6.2 trillion won (about $5.5 billion), which is less than half of the $14.4 billion profit it recorded in the same period last year. Samsung had issued an unprecedented warning for investors of bad news on the way, […]
Samsung’s earnings warning shows the impact of slower iPhone sales
[ad_1] The company expects its profit for the first quarter of 2019 to miss expectations due to plummeting chip prices, as well as the slower demand for both chips and display panels. “The company expects the scope of price declines in main memory chip products to be larger than expected,” Samsung wrote in the regulatory […]