Samsung announced its third quarter financial results yesterday and the news is not good for the company, with the gloomy predictions coming true. The Korean giant raked in $3.9 billion in profit through the period, a figure that would delight most companies but represent a huge slide for Samsung, the second quarter in a row where profits have tumbled.
Apple operates in a unique way inside the smartphone market and that has been proven as the company's market share fell in the United States during September, but iPhone sales broke records. Over 39 million iPhone units sold through the last quarter helped Apple to bumper financial results while the company's shares have been trading at all-time highs.
Lenovo tied up the acquisition of Motorola today and the Chinese giant said the partnership would be the third biggest smartphone brand in the world and will shift 100 million units in 2015. For the time being though third place as been occupied by another Chinese company, Xiaomi, passing LG for the first time to become the third biggest handset seller in the world.
LG's arrival as one of the main players in the smartphone world continued through the third quarter as the company posted stellar financial results. LG has risen through the ranks over the last 18 months and has used several strategies to place itself among the elite handset manufacturers on the planet.
Tim Cook has been speaking extensively to the Wall Street Journal's editor-in-chief Gerard Baker at the publications WSJD Live, and the Apple CEO was in talkative mood. During the interview, taking place at the inaugural WSJD event, Cook discussed the company's new products such as Apple Pay and the Apple Watch, while he also talked about the iPhone and even why the company decided to cut the iPod Classic.
Tim Cook's four day visit to China where he has tried to smooth relationships with authorities and pave the way for further Apple growth in the country has come to an end. On the final day of his trip he spoke to Chinese news outlet Xinhuanet and revealed Cupertino's plans to bring Apple Pay to the Chinese market while also iterating that China is at the forefront of the company's plans, a line that has become the theme of this visit.
Google has undergone a major shakeup as CEO Larry Page has reportedly handed the reins of most of the company's products over to Sundar Pichai. As the SVP of Android, Chrome, and Apps, Pichai is already heading up some of Google's core products, but Page is willing to give him control of the company.
It is one of those times of the year when the giant tech companies offer their financial results for their third (calendar) or fourth (fiscal) quarters. Microsoft is the latest company to do just that and it turns out things are going surprisingly well for a company that is oft rumoured to be struggling in the mobile space.
Apple has turned a corner in China and in many ways has managed to replicate its global model in the country. The result of that, according to CEO Tim Cook, is that Apple is now "investing like crazy" in China and through his latest visit to Beijing he said just what that meant. Cook confirmed that Cupertino plans to open 25 new retail spaces within Greater China (Hong Kong and Taiwan included) over the next two years.
In the wake of another bumper quarterly earnings report, Apple CEO Tim Cook has sent an open letter to all of the company's employees. In the letter he thanks the workers for Cupertino's success and told of a bright future while discussing new products.