Tag: Profit

Samsung Q3 Profit Seen at Record, but Peaking, as Chips Shine

Samsung Electronics Co is set to post a hefty jump in third-quarter profit to record levels after its chip unit put in a sterling performance on demand from data centres and improved production yields. The July-September quarter is, however, expected to mark a peak in earnings as a two-year super cycle of tight supply and soaring […]

iPhone X on Track to Become Top Profit Generating iPhone: Counterpoint

Apple’s iPhone X has now crossed the 60-million mark in cumulative shipments since its launch last year, according to the latest data from Counterpoint research. While the volume of shipments isn’t too flattering, because of the high price, the iPhone X is reportedly on track to becoming the most successful revenue and profit generating iPhone […]

Lenovo Posts First Quarter Profit as Recovery Continues

Chinese technology giant Lenovo Thursday recorded a sharp rise in first-quarter net profit as the company’s turnaround gathered pace. The PC maker posted a $77 million (roughly Rs. 541 crores) net profit in the quarter to June 30 – up from a $72 million loss in the same period last year. “The Group remains confident in […]

Honey, I Shrunk $1 Trillion Apple’s Profit Margins

Apple has been a profit geyser well before it was valued at the $1 trillion (roughly Rs. 68.7 lakh crores) milestone the company reached on Thursday. Even Warren Buffett is impressed. “It is an unbelievable company,” the legendary investor and Apple stockholder said in May as he marvelled that Apple earns almost twice as much […]

Samsung Profit Growth Slows Over Lacklustre Smartphone Sales

Samsung Electronics Co. reported a lower-than-expected gain in the second-quarter earnings Tuesday, indicating an end to its streak of record-breaking financial results as sales of smartphones and display panels slowed while memory chip profit stabilised. The South Korean tech giant said that its April-June net income stood at KRW 10.98 trillion ($9.8 billion), up 2 percent […]

LG Says Q2 Profit Climbed 16 Percent on Strong TV Sales

South Korean consumer appliance maker LG Electronics said second-quarter profit jumped 16 percent, helped by strong television sales, but warned US trade spats with China and Europe cast a cloud on its business outlook. The world’s second-largest TV maker said in a statement on Thursday its April-June operating profit was KRW 771 billion ($688 million), in line with […]