earnings

LG Q2 2014: 14.5m smartphones shipped, net profits up 165%

LG Q2 2014: 14.5m smartphones shipped, net profits up 165%

Life's Good, as the LG slogan says, and so is business, at least for this Korean manufacturer. Its second quarter financial report shows some very impressive figures, such as a 165 percent net profit increase, to the tune of $399.8 million, compared to last year, driven largely by smartphone sales. Quite a stark contrast to rival Samsung, whose popularity and profits from the smartphone business are believed to have somewhat plateaued last quarter.

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Apple “on the prowl”: 24 acquisitions in 18 months

Apple “on the prowl”: 24 acquisitions in 18 months

Generally the news is that Apple was discovered to have acquired a single company. Today it’s become apparent that Apple has been acquiring companies rather quickly, with Tim Cook himself confirming that they’d acquired 24 companies over the past 18 months. "That shows that we are on the prowl," said Cook.

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Apple Q214 earnings tap $10.2 billion net profit

Apple Q214 earnings tap $10.2 billion net profit

Starting off the quarter with a record-breaking quarter for revenue from services, Apple showed a quarterly revenue of $45.6 billion USD. This amount works with a quarterly net profit of $10.2 billion, turning out $11.62 USD per diluted share for the quarter. This is Apple’s financial Q2 for 2014.

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Google Q1 Earnings tap Motorola as “discontinued operations”

Google Q1 Earnings tap Motorola as “discontinued operations”

As it has been for the past several years, Google has reported a quarter in which they’re growing substantially. One of the more interesting things to have happened to the company in the first quarter of 2014 - also Google’s financial first quarter - is the sale of Motorola Mobility to Lenovo Group Limited. As such, the company began their presentation this week with a note on how they’ll be handling Motorola’s profits and losses from here until the final sale of the group.

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Tesla financial Q4 results in record Model S sales

Tesla financial Q4 results in record Model S sales

This afternoon Tesla shared the results of their financial fourth quarter for 2013, making clear their successes in selling their electric Model S vehicle worldwide. Tesla made clear that this quarter they’ve sold 6,892 Model S automobiles, a record for the quarter for the company. They’ve also shown that with 22,477 vehicles sold, they’re rolling quite comfortably into 2014.

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Mac sales continue to grow: 19% up year-on-year

Mac sales continue to grow: 19% up year-on-year

This afternoon Apple has shared their financial Q1 2014 results with the public, showing that, in the quarter leading up to the 30th anniversary of the Apple/Mac connection, the company continues to increase sales. This quarter's revenue racked up a cool $6.3 million compared to $5.6 million the quarter before and $5.5 million one year ago at this time.

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Surface sales leap up as Microsoft reports record revenue for financial Q2

Surface sales leap up as Microsoft reports record revenue for financial Q2

Microsoft appears to be having a good quarter, as they've announced their financial second quarter (ending on December 31st, 2013), has resulted in record revenue. This revenue high-mark sits at $24.52 billion USD and represents double-digit growth in each of the following segments: commercial, devices, and consumer. Microsoft also seems to have found the correct combination of quality and public push for the Surface tablet lineup, as revenues from this set of devices doubled compared to the quarter leading up to this one.

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