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Samsungs mobile division profits fall by 96% in wake of Note 7 disaster
2016-10-28 17:15:17| Extremetech
Samsung's mobile division took a shellacking this past quarter thanks to the Note 7's double-recall, but the Korean company believes the problem is behind it, with no long-term impacts on its mobile divisions market share or popularity. The post Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster appeared first on ExtremeTech.
Mobile and Youtube boost Google parent Alphabet profits
2016-10-28 00:14:27| BBC News | Business | UK Edition
Google parent Alphabet has reported a 20.2 % rise in quarterly revenue, helped by sales of advertising on mobile devices and YouTube.
Tags: google
mobile
parent
youtube
Twitter to Discontinue Vine Mobile App
2016-10-27 23:02:25| PC Magazine Software Product Guide
The six-second looping video app is going away.
LG mobile revenues fall 23% in Q3, shipments down 9%
2016-10-27 08:47:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported sales from its mobile phone business down 23 percent year-on-year in the third quarter to KRW 2.52 trillion (USD 2.3 billion). The company blamed the lower sales on a weak performance for top models like the G5 and price pressure in the smartphone market. Total smartphone shipments fell 9 percent year-on-year and were 3 percent lower versus Q2 at 13.5 million. The lower sales of premium devices and costs for restructuring led to a quarterly operating loss of KRW 436.4 billion in mobile.
Tags: mobile
fall
revenues
shipments
Nokia sales fall 7% in Q3 as mobile market softens
2016-10-27 07:46:00| Telecompaper Headlines
(Telecompaper) Nokia reported third-quarter pro forma sales down 7 percent year-on-year to EUR 5.95 billion, hurt by a slowdown in the mobile network market. Sales at the Networks business fell 12 percent annually to EUR 5.32 billion but were up 2 percent from the second quarter, in line with the company's forecast for sequential improvement. The licensing division Nokia Technologies did much better, more than doubling revenues to EUR 353 million thanks to the company's new agreement with Samsung. Adjusted operating profit fell 18 percent to EUR 556 million, and the margin of 9.3 percent was down from 10.7 percent a year ago but an improvement from 5.8 percent in Q2.
Tags: sales
market
mobile
fall
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