Google: Users have casted content 1 billion times, Chromecast most popular streaming device in U.S.

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Google’s Chief Business Officer Omid Kordenstani gave several updates on the status of the company’s $35 Chromecast streaming device during the this evening’s Q4 2014 earnings call. Kordenstani first stated that users have “casted” content to their television more than one billion times. The company says that this is a huge milestone for the streaming stick and the implementation of the Cast functionality in a variety of different apps.

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Google CFO admits the company has been unable to keep up with Nexus 6 demand

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During the company’s Q4 2014 earnings call, Google Chief Financial Officer Patrick Pichette addressed a few of the reasons for the company’s slower than expected quarter. Pichette said that one issue Google had was keeping up with demand the demand for the Nexus 6. Pichette noted that while the device was well received, the company simply couldn’t get the inventory to keep up with consumer demand.

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Google CFO: Google Glass team missed hurdles, needed a fresh strategy

A visitor is testing the new Google Glasses at the international fair for digital economy 'NEXT Berlin 2013' in Berlin, Germany, 24 April 2013.  NEXT Berlin 2013 is an international trade for which serves as a platform of digital innovations from the worl

The Google Q4 2014 earnings call is happening right now, and Google CFO Patrick Pichette took a second to speak about projects that miss their goals and how Google asks them to “take a pause” to reset their strategy. Google Glass, and the recent decision to graduate the project out of Google [x] was used as an example of one of these situations…

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Google announces Q4 2014 earnings: $18.1B revenue, $6.88 EPS, $4.76B net income

Google is out today with its Q4 2014 earnings results from the holiday quarter. The company reports revenue of $18.1 billion, earnings per share of $6.88, with net income of $4.76 billion.

“Google’s full year revenue for 2014 was $66 billion, up 19% year on year,” said Patrick Pichette, CFO of Google, “and this quarter, our revenue was $18.1 billion, despite strong currency headwinds.”

Google will host a live earnings call (embed above) with investors and analysts to discuss its earnings report at 1:30 PM (PT) / 4:30 PM (ET) today.

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LG posts 78% smartphone growth in US holiday quarter over last year

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LG posted its quarterly earnings numbers today and boasted  impressive numbers in its smartphone group. Globally, Smartphone sales were up 24% but in the US alone, smartphones shipments were up 78% for the quarter year over year. LG ended the year having moved 59.1 million smartphones, bolstered by its popular G3 flagship. Those aren’t Apple numbers by any stretch but still very solid.

LG also posted growth in its home entertainment sector but a net loss overall for the quarter mostly due to charges related to shutting down its Plasma business.

SEOUL, Jan. 29, 2015 ― LG Electronics Inc. (LG) today announced net profit of KRW 501.40 billion (USD 474.81million) for full-year 2014, an increase of 125 percent over 2013 net profit. Operating profit increased significantly in 2014 to KRW 1.83 trillion (USD 1.73 billion) from KRW 1.25 trillion (USD 1.14 billion) in 2013, an increase of 46 percent. Full-year consolidated revenue of KRW 59.04 trillion (USD 55.91 billion) was mainly boosted by a 24 percent increase in smartphone shipments.

The LG Mobile Communications Company reported a 16 percent increase in annual revenue to KRW 15.06 trillion (USD 14.26 billion) with help from North America, where shipments increased 78 percent during the fourth quarter of 2014 from the previous year. Fourth-quarter revenue of 3.78 trillion (USD 3.48 billion) was 5 percent higher than the same period in 2013. A total of 59.1 million smartphones were shipped in 2014, an increase of 24 percent from the previous year, among 78.2 million mobile handsets sold last year. Expecting a challenging year ahead with greater competition globally from various manufacturers, LG will concentrate on improving its brand power, operating more efficiently, and focusing on selective key markets.

Samsung issues Q4 2014 earnings guidance, expects 37% decrease in profit year-over-year

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Samsung tonight has issued its earnings guidance for the fourth quarter of 2014. The company says that it expects to, yet again, report a decline in operating profit and sales. Samsung estimates that its operating profit for Q4 2014 as 5.2 trillion won, or $4.5 billion. That’s a decrease of roughly 37 percent when compared to the $8.3 billion reported in Q4 2013. The number does, however, beat analyst expectations of 4.8 trillion won.

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Samsung reports 74% drop in mobile profits as Galaxy sales continue to decline

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After warning investors that its third-quarter financial results will once again miss analyst expectations, Samsung on Wednesday reported a 74% drop in mobile profits during the three-month period ending September. The reason behind the significant decline: not as many people are buying the latest Galaxy smartphones as they used to. Read more

GOOG Q3 2014 earnings a miss, stock down in after hours trading

 

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Google reported Q3 2014 earnings today that didn’t quite meet analyst expectations. Sales rose 20% to $16.52 billion in the quarter. Profit was $6.35 a share. Analysts’ expectations were $16.59 billion and profit of $6.54 a share.

“Google had another strong performance this quarter, with revenue up 20% year on year, at $16.5 billion,” said Patrick Pichette, CFO of Google.  “We continue to be excited about the growth in our advertising and emerging businesses.”

It will be interesting to see what Google has to say for themselves when they talk earnings at 4:30.

The call will be live, above.

Press release follows: Read more

Samsung warns Q3 profits will again miss analyst expectations, blames imploding smartphone margins

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Samsung on Monday night issued a statement warning that its third-quarter earnings would be considerably weaker than it initially expected. The South Korean company stated that it expects a third quarter operating profit of 4.1 trillion won, or $3.8 billion, and sales of 47 trillion won. Both of these numbers are below Reuters’ forecasts of 5.6 trillion won in operating profit and 50.9 trillion in sales (via CNBC).

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Samsung hints at upcoming smartphones including one w/ “new materials”

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During its earnings call with investors where Samsung announced a 31 percent drop for its profits in its mobile division, the company also slipped in a small announcement about upcoming smartphones to reassure investors going into the next quarter. As noted by The Wall Street Journal, Samsung executive Kim Hyun-Joon told investors that the company would launch a new model with a large screen and another that will be made with “new materials.” Read more

HTC posts $41.63 million in profit for Q2, down 83% over last year

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Following Samsung’s monster profits from yesterday, HTC has now released its unaudited results for Q2 2013 (via TechCrunch). The company reported total revenues of $2.35 billion (NT$70.7 billion) and profits of just $1.63 million (NT$1.25 billion). While the profit is up over the NT$85 million it reported in Q1 2013, it’s still lower than analysts expected and down 83% year over year.

Many were expecting HTC to have a good quarter, as its One flagship is finally available on three major United States carriers and the device was well-received by critics. Sales in May for HTC were up 48.03%, but things nose dived in June, falling 23.88% month-on-month and 26.43% year-on-year.

HTC had hoped that a unified line-up of devices could help it better compete with Samsung, who posted over $8 billion in profit for Q2, but it looks like the struggles for the Taiwanese company are deeper than we thought.  Read more