Sales

HTC faces bleak future as July revenues drop 45%

HTC faces bleak future as July revenues drop 45%

HTC’s 2012 smartphones have been met with favorable reviews, but it looks like the numbers aren’t reflecting the quality of the handsets. HTC has reported its July 2012 revenues, with the company amassing ~$835 million. That’s down 45% compared to July 2011, with the company also dropping ~$168 million compared to May of this year. HTC’s share prices fell by 7% after the news was released, with the company’s stocks sitting at their lowest since November 2008, according to Reuters.

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HTC pulls out of South Korea following poor sales

HTC pulls out of South Korea following poor sales

HTC may have put out an impressive range of smartphones for 2012, but the company has still been struggling financially against the likes of Samsung. The company announced today that it would be withdrawing completely from the South Korean market following strong competition. As a result, HTC will be closing its Korean office, although it notes that it will be “a long term process and not an immediate one as we want to cause the least disturbance for our customers here and continue after-sales services.”

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LG sells 13.1m phones in Q2 ’12, 44% were smartphones

LG sells 13.1m phones in Q2 ’12, 44% were smartphones

We know you’re excited about all these financial results, so we’ll just keep them coming. LG has managed a healthy profit overall for the second quarter, up 46% compared to the same period last year, but its cellphone business took a hit. That caused an overall decline in revenues too compared to last year, down by 10.6% to $11.16 billion. LG’s cellphone business may not be looking good, but its home entertainment section is looking better than ever.

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ARM Q2 ’12 sees profits jump by 23%

ARM Q2 ’12 sees profits jump by 23%

It’s the end of the second quarter, so a whole host of financial results are flooding in from technology companies. ARM continues to see strong growth, seeing a 23% increase in net profit at £66.5 million (~$102.9 million). That’s up from £54.2 million (~$83.9 million) earned during the second quarter of last year. Revenue has also increased to £135.5 million (~$209.7 million) from £117.8 (~$182.3 million) million, a 15% increase, and operating margin has jumped ever so slightly to 46.4%.

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Steam Summer Sale enters final day

Steam Summer Sale enters final day

This is it, folks. The Steam Summer Sale has entered its eleventh and final day, so in less than 24 hours, it'll be time to say goodbye. While that will likely be a relief for most Steam users, there are some tempting featured deals on offer for those who haven't purchased quite enough yet. As always, there are also flash deals and community choice deals up for grabs, so even though we've entered the final hours of the event, there are still plenty of sales to take advantage of before things wrap up entirely.

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Verizon: 2.7m iPhones and 2.9m Android devices sold in Q2 ’12

Verizon: 2.7m iPhones and 2.9m Android devices sold in Q2 ’12

Here’s an interesting little tidbit out of Verizon’s Q2 conference call today: the company sold 2.7 million iPhones in the second quarter, and 2.9 million Android devices. The iPhone figures are down slightly compared to Q1, where the carrier sold 3.2 million iPhones. That’s to be expected this long after the launch of the latest generation iPhone, but Android seems to have held steady, selling 2.9 million devices last quarter.

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Verizon reaches 94.2m customers: 50% using smartphones

Verizon reaches 94.2m customers: 50% using smartphones

Verizon Wireless today announced its Q2 results for 2012, revealing that total revenues were $18.6 billion, resulting in a income margin of 30.8%. Overall, revenue is up 7.4% compared to the Q2 ‘11, and the income margin has also reached a record high. Tthe company added 1.2 million retail customers in the second quarter, with 888,000 of those being postpaid. That bumps the total number of Verizon Wireless customers up to 94.2 million, a 4.9% increase on last year's numbers.

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Samsung acquires CSR technologies and patents for $310m

Samsung acquires CSR technologies and patents for $310m

Samsung has today acquired the wireless technology side of CSR’s business. CSR is a UK technology company that deals in single-chip Bluetooth solutions, with Samsung’s $310 million purchase of the phone connectivity technologies allowing the South Korean company to make use of various patents. Around 310 members of staff will also be transferred to Samsung as part of the deal.

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Some Nexus 7 orders starting to ship in the UK

Some Nexus 7 orders starting to ship in the UK

Several retailers in the UK will be carrying the 16GB version of the Nexus 7, with stock reportedly coming in on July 20th. Ebuyer looks to have received some of the tablets earlier than expected, with one user taking to Google+ to say his order was being prepared for shipment. Checking Ebuyer’s site earlier showed that the retailer did have a small amount of the tablet in stock, but the company seems to have run out, with the tablet going back to pre-order status.

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