After releasing its guidance earlier this month, Samsung this evening has disclosed its full earnings for second quarter of 2015. The company reports an operating profit of $5.9 billion with revenue of $41.5 billion. In the year ago quarter, Samsung reported operating profits of $6.17 billion.
IDC released its second quarter report for worldwide smartphone shipments by operating system today and in it noted iOS and Android accounted for 96% of the global market. That number, however, comes only as Android grew on the strength of higher sales of low-cost devices abroad.
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While Samsung has confirmed plans to debut phones running Tizen instead of Android, senior vice president of Samsung’s product strategy team Yoon Han-kil says Android will remain Samsung’s “main business.” The executive also confirmed in the same interview with Reuters that two Tizen smartphones will debut in Q2 with Tizen being used on devices launching only in certain markets:
““We had tried to launch (Tizen) with DoCoMo and Orange … but couldn’t because of poor market conditions. We have changed our strategy and will release the phones in a few countries where we can do well,” he said, adding that he thought Tizen would have to account for up to 15 percent of Samsung’s total smartphone shipments to become a successful platform.
Samsung officially made the switch from an almost all Android ecosystem for its mobile devices to Tizen for its latest round of Gear smartwatches. However, Yoon also confirmed to Reuters that the company plans on releasing an Android smartwatch later in the year, which will presumably be based off Google’s recently unveiled Android Wear platform.
[youtube=https://www.youtube.com/watch?v=zWasJhXZGlo]
Philips has just revealed some details of an upcoming 8000 series lineup of TVs for 2014, which will likely be the first lineup of Ultra HD TVs that hit the market running Android. Philips has three models running Android- Full-HD 8100 and 8200 Philips TVs and the Ultra HD 4K 8800 series— all of which come packed with Google Play store access and Google services like Chrome, YouTube, Google Play music and movies, and search.
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Nvidia announced today that it will be releasing a new version of its Tegra Note 7 tablet that will include its i500 LTE model for 4G LTE cellular connectivity. The non-LTE version hasn’t exactly been a big seller, but it’s a welcomed update on a decent 7-inch tablet option that the company is still marketing as “the world’s fastest 7-inch Android tablet.”
The Tegra NOTE 7 serves up a bundle of cutting-edge mobile technologies – including one of the world’s fastest processors, Tegra 4, a superb stylus, exceptional audio, Android 4.4.2 (KitKat), and, of course, great NVIDIA gaming. And that’s at a starting price of just $199. Now, we’re added lightning-fast mobile data to the mix. Tegra NOTE 7 is available with LTE and HSPA+ mobile connectivity, and it can operate on popular carriers across the world.
The new LTE version will arrive in Q2 for $299 and Nvidia is also rolling out KitKat updates to its entire Note 7 family and releasing the tablets in new markets in Western Europe, Brazil, and Ukraine.
LG has just posted its earnings for Q2 2013. The company reported revenues of $2.78 billion for the quarter, which is a 34.5 percent increase year over year. LG says that it also sold a record 12.1 million smartphones during the quarter, which led to an operating profit of $54.37 million, which is slightly lower than last quarter. LG attributes the drop to weaker demand in the South Korean market.
LG expects the lower-end L-Series and F-Series devices to increase overall sales growth, while its flagship G2 device should “increase the company’s product competitiveness.”
The company is expected to announce its highly-anticipated G2 flagship on August 7th.
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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.
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Samsung has released its estimated earnings for Q2 2013, with a full announcement scheduled for later this month. The company estimates profits of $8.33 billion (9.5 trillion won), up nearly $2 billion over Q1’s $6.4 billion profit.
Reuters reports, however that this number was less than the 10.16 trillion won South Korean Analysts were expecting, which they blame on slowed momentum in Samsung’s smartphone division.
“The slowdown in its handset business appears to be worse than expected and the disappointing result simply reindorses the market view that Samsung’s smartphone growth momentum is slowing,” said Lee Sei-chul, an analyst at Meritz Securities.
Samsung’s component division, however, showed solid growth in Q2.
“But it’s got the component side of the business, which is showing solid improvements, and new handset product lineups for the third quarter, so (overall) earnings are likely to grow again in the current quarter.”
HTC reported second-quarter earnings today and just briefly glancing at numbers was enough to realize why they’re the #2 smartphone vendor in the US. Per their statement, HTC grew its revenues by 104 percent from the year-ago quarter and shipped 12.1 million phones during the June quarter. The company reported revenues of NT$12.4 billion, or approximately $4.3 billion, a 19 percent sequential increase. Net income for the quarter topped NT$17.52, more than double from NT$60.96 billion in the year-ago quarter (and an 18 percent sequential jump).
The 12.1 million phones shipped include devices powered by Microsoft’s and Google’s software and amount to a 25 percent and 24 percent sequential and annual jump in terms of units, respectively. Looking at the third quarter, HTC is modeling for a 10 percent quarterly increase and a 90 percent annual jump based on shipments of an estimated 13.5 million phones.
New phone shipped in the quarter include the HTC Sensation, EVO 3D, Wildfire S, ChaCha, Salsa and Flyer. The average selling price dropped from $359 in the previous quarter down to $349 because they brought new inexpensive handsets to the market. Much of HTC’s growth came from Europe, Asia and the United States, where Nielsen ranks them as the second-largest smartphone maker. The achievement is even more impressive taking into account that Apple is now the world’s leading smartphone maker and controls two-thirds of total operating profits in the handset business.
Motorola Mobility reported June quarter earnings today, nearly hitting Wall Street estimates with the reported GAAP net loss of $56 million, 19 cents a share. Revenues for the quarter topped $3.3 billion and non-GAAP earnings were nine cents a share. One of the noteworthy highlights includes shipments of 400,000 Xoom tablets, although the company wouldn’t divulge actual sell-through numbers. Xoom shipments amount to some 2.65% June tablet market share, per Strategy Analytics’s cumulative figures.The company also shipped eleven million mobile devices in total, including 4.4 million Android smartphones. Analyst Tomi Ahonen wrote on Twitter that Android shipments amount to an eight percent market share, making Motorola “8th biggest smartphone maker and 5th biggest Android”.
Xoom aren’t bad at all, actually a bit higher than the 300,000 units investors were expecting. Furthermore, the Xoom, Motorola’s inaugural Honeycomb tablet, arrived to market with little or no support from third-party developers plus devices from rivals ensued soon thereafter. Motorola benefited from an expanded distribution of the Atrix 4G smartphone and Motorola Xoom tablets in Latin America, China, Korea and Europe. They also rolled out four new smartphones in China. Moving forward, the company previously pledged to launch ten new devices in 2011 with Sprint, including Motorola Photon 4G which launches this weekend. Other tidbits right below…
Samsung today posted a 26-percent drop in Q2 profits because its television and semiconductor operations are shrinking. Profits fell to 3.7 trillion won, or about $3.5 billion, versus 5.01 trillion in the year-ago quarter. The drop is being blamed on Samsung’s flat panel unit which is bleeding money for a second consecutive quarter now. Because demand for 3D TVs and consumer electronics in general is weakening, Samsung’s flat panel division has generated an operating loss of 73.5 billion won ($69.1 million) in the second quarter, Bloomberg explains. Just a year ago, the same unit profited 880 billion won (about $827 million). Slim margins and low prices in the cut-throat television business don’t help either. A Kiwoom Securities Co. analyst Kim Sung In slammed the company:
Only the phone business is holding up. Everything else is looking bad. There’s no bright picture for the company looking ahead.
Maybe the flat panel division will recover if Apple brings out an intelligent, networked television set in 2012 using flat panels from Samsung? It’s all peachy for their mobile devices unit which has benefited from strong smartphone and tablet sales. A recent comScore survey put Samsung as the #1 smartphone brand in the US that accounted for 24.8 percent share of all mobile phone subscribers aged 13 and up. What about other metrics?
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