[ad_1] Also, as “protective global trade practices” increase and customers are increasingly reluctant to buy new high-priced phones, Samsung will “introduce more competitive A series models in the second half” to take advantage of interest in the midrange models. It already announced plans to bring the Galaxy A50 and a few others to the US, […]
Category: financials
Sony has sold 100 million PlayStation 4 consoles
[ad_1] Sony also revealed that for the first time, folks are buying more games via digital downloads than physical discs, marking a trend that’s been ongoing for a while now. Despite its half-decade age, PS4 sales have never really flagged until recently, with 17.8 million sold last year, down just 1.2 million over 2017. However, […]
Google’s hardware division is recovering from slow Pixel 3 sales
[ad_1] As usual, Alphabet’s press release doesn’t say a whole lot about the more interesting parts of its business — for that, we’ll have to wait for the company’s call with investors, which starts at 4:30PM ET. We’re listening in and will update this post with anything we learn. A few other tidbits worth noting: […]
Netflix Q2 report points to price hikes for lower than expected growth
[ad_1] Netflix just released its financial results for the second quarter of 2019 (PDF), and a number that jumps out is that its service grew by 2.7 million subscribers. That’s a problem for shareholders because in its last report, the company predicted it would be up about 5 million in Q2, and in the US […]
Samsung faces 60 percent drop in profits, still plans foldable phones
[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 […]
Spotify has 100 million Premium users
[ad_1] Despite only launching in India at the end of February, Spotify has already started to build an audience in the country. The company says that more than a million users signed up in the first week, a figure that has more than doubled in the following four weeks. Unfortunately, despite those numbers going up, […]
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 […]
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, […]