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Articles tagged with: profits

Samsung Combines Display & Semiconductor Businesses

According to the Wall Street Journal, Samsung will combine its flat-panel display and semiconductor businesses into a single unit. What’s the reason? Well, Samsung didn’t have too good of profits during its first quarter, and mediocre performance during its second quarter.

However, when you combine the two businesses, the semiconductor aspect of Samsung made up 70% of Samsung’s operating profits and 44% total of the company’s revenue. Those are some pretty impressive statistics, and allows its flat-panel display business to piggy back off the semiconductor manufacturing successes.

Apple’s Foxconn Reopens After Deadly Explosion

Apple’s supplier, Foxconn has resumed operations at its Chengdu plant in China, after an explosion killed three employees last month. The company has ended its investigation into the incident and has implemented safeguards that it claims will prevent a similar situation from happening.

The company stated that the accident was due to an explosion of aluminum dust in a ventilation duct, and that the company has solved this issue by improving workshop ventilation (as if employee air quality wasn’t reason enough).

Groupon Files For $750 Million IPO
According to Business Insider, Groupon has filed an S-1 with the SEC (Securities and Exchange Commission) in efforts to raise $750 million in an Initial Public Offering (IPO), backed by Morgan Stanley. Some of details of the filling
  • Groupon lost $413 million in 2010
  • 2010 revenues totaled $713 million
  • Groupon’s first quarter 2011 revenues reached $645 million
  • Groupon has 83 million email subscribers
  • Groupon sold 30 million coupons last year
  • Groupon spent $86 million on operating costs in 2010
  • Groupon has 7,000+ employees
Microsoft Profits From Android Sales?

Now you may be asking how on earth could Microsoft benefit from sales of HTC Android devices? HTC is an independent mobile carrier and Android is Google’s mobile operating system, so where does Microsoft fall in the picture? Due to a patent infringement lawsuit settlement with HTC, Microsoft receives $5 for every HTC phone that runs Android.

According to Walter Pritchard, a Citi analyst who revealed the information, Microsoft is also planning on targeting other Android device partners, looking for as much as $12.50 per device. What will this mean for consumers?

LG Announces Company’s Strong Quarter

LG has recently come forth to say that it has turned a new corner with the sales of flat panels and operating profits up. The company believes that an aggressive product line-up in televisions will continue to fuel profits. The company saw its first operating profit in early of 2010. LG feels confident that the Cinema 3D TV range and its Smart TVs will be the driving force of product sales.

The company has seen success, largely due to its cost-cutting efforts and are currently in a 73.1 million USD profit in the first quarter.

Acer Experiences Worst Quarter Since 2004; 64% Income Dive

Acer reported today a disappointing sales quota. The company experienced it’s lowest profit since 2004. The cause? All the hype over the iPad and the iPad 2, as well as the surge of many other tablets. Acer’s net income took a dive 64% to just over $41 million, the lowest since Spring 2004. The company even stated that the third quarter might see meager results as well.

Acer has been known to be losing ground in the notebook market, with many consumers switching over to tablets. Although Acer has long denied the fact of the iPad’s success, it is a fact hard to deny with such low profits. Unfortunately, Acer’s revenue consists of about three quarters of the company, with desktops and mobile devices making up just a quarter of its revenue.