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LG vs Samsung Q3 Earnings: LG record 16.8 million, Samsung lowest since 2011
Posted on 10/29/14 at 10:12 am
Posted on 10/29/14 at 10:12 am
Life is good for LG, selling a record-breaking 16.8 million Android phones
I hope this finally makes Samsung get their head of their asses. S5 is pathetic and LG is pounding them for it, and deservedly so.
The Note 4 will be the life preserver for Samsung for now, but idk for how long they can continue to rely on the Note's sales to carry them as the Galaxy series continues to decline rapidly. Nexus 6 will steal a ton of Note 4 sales most likely.
quote:
Life is good for LG. How good? 450$ million dollars in the bank good. The company that was once synonymous with home appliances has reinvented itself into a smartphone manufacturing juggernaut. LG Electronics has just announced their third quarter earnings which saw an operating profit of $450 million, in big part thanks to their record breaking 16.8 million Android phone sales. The company has doubled their year over year profits and isn’t expecting to slow down anytime soon. They announced that they expect to strengthen their positioning in the budget smartphone market with its L Series III models, despite the landscape becoming more competitive.
quote:
On thursday we’ll find out exactly how much of the pie LG has taken away from their Korean counterpart Samsung. Samsung is set to release their third quarter earnings and it’s expected to be bad, and even Samsung has admitted that it will be worryingly bad.
I hope this finally makes Samsung get their head of their asses. S5 is pathetic and LG is pounding them for it, and deservedly so.
The Note 4 will be the life preserver for Samsung for now, but idk for how long they can continue to rely on the Note's sales to carry them as the Galaxy series continues to decline rapidly. Nexus 6 will steal a ton of Note 4 sales most likely.
This post was edited on 10/31/14 at 7:28 am
4
Posted on 10/29/14 at 11:33 am to UltimateHog
#LOLTouchWiz
Posted on 10/29/14 at 11:35 am to UltimateHog
quote:
Nexus 6 will steal a ton of Note 4 sales most likely.
Not to mention the 6 Plus is kicking them in the nads too. Double whammy to the Dog eaters....
Posted on 10/29/14 at 11:44 am to TigerGman
The Galaxy is overdue for a complete makeover, should have happened with the S5.
They've got to bring it with the S6.
They've got to bring it with the S6.
Posted on 10/29/14 at 2:56 pm to UltimateHog
I've always been a big Samsung supporter up till Note 3, but switched to a 6 plus when upgrade came do. Decided that was too big and went over to LG G3 and love it. Will have to be something majorly different for me to go back to Sammy ever in the future.
Posted on 10/31/14 at 7:28 am to J311slx
LINK
quote:
The consolidated revenue came out to $44.7 billion, down from $56 billion in Q3 last year. The company marked its lowest profits since Q3 2011.
The mobile division, which has been the most profitable part of Samsung in recent years, saw the biggest drop of 15% in sales. However, the bigger problem is that operating profit slid to $1,653 million, down from $4,179 million in Q2 this year and $6,350 million a year ago.
Posted on 10/31/14 at 7:41 am to UltimateHog
Holy shite batman that is a huge drop.
Posted on 10/31/14 at 8:10 am to BayouWrangler
Yeah it is. They post any more results like this over the next year and they will be in some trouble.
Posted on 10/31/14 at 11:03 am to UltimateHog
frick you, Samsung. I hate your piece of shite phone so much. I hope you go bankrupt.
Posted on 10/31/14 at 11:27 am to SabiDojo
Posted on 10/31/14 at 12:00 pm to SabiDojo
But, but TVs and refridgerators man!!
Posted on 10/31/14 at 1:04 pm to SabiDojo
quote:
frick you, Samsung. I hate your piece of shite phone so much. I hope you go bankrupt.
Dude just sell it on swappa and get a G3.
Posted on 11/1/14 at 2:24 am to UltimateHog
makes Apple's 8 billion look even more impressive
Posted on 11/1/14 at 8:17 am to Tigah in the ATL
Samsung still doubled Apple.
That Chinese company took the frick off though.
That Chinese company took the frick off though.
Posted on 11/1/14 at 2:41 pm to UltimateHog
Lenovo makes smartphones?
Posted on 11/1/14 at 4:16 pm to SabiDojo
They bought Motorola.
Posted on 11/2/14 at 2:02 pm to jaTigerfan
Damn. I wish AT&T would carry Motorola.
Posted on 11/2/14 at 2:04 pm to SabiDojo
They do
Posted on 11/2/14 at 2:07 pm to bluebarracuda
Oh snap.
Posted on 11/2/14 at 2:11 pm to SabiDojo
You can get the new moto x for $99 with an upgrade
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