Earnings warning hints at weak iPhone 8 sales; iPhone 7 is the most popular phone during Q3

Pegatron, one of the contract manufacturers used by Apple to assemble the iPhone, warned today that demand for the Apple iPhone 8 could be weak during the first quarter of 2018. The company said that it often experiences a seasonal slowdown during the start of a new year. Jeff Pu, an analyst at Yuanta Investment Consulting, predicts that Apple will slash orders for the iPhone 8 by 50% during the first quarter. Pegatron produces the iPhone 8 while Foxconn assembles the iPhone 8 Plus and the iPhone X. Apple contributes 60% of Pegatron’s revenue and is the company’s top customer.

In addition, …


T-Mobile trolls Verizon prior to its earnings release by combining Netflix clips

Third quarter earnings season is here, and tomorrow morning Verizon will be the first of the four major U.S. carriers to reveal how it did last quarter. T-Mobile, partially to promote its “Netflix on Us” feature, and partially to get a dig in on Big Red, combined some clips from Netflix shows to put together a video collage that tells you just what the nation’s third largest carrier thinks of the country’s largest wireless operator.

Click on the video at the top of the story and you’ll see scenes from Netflix originals like Fuller House, Orange Is The New Black, Mascots and more. …

CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

On Friday, Samsung announced that the CEO and Vice Chairman of Samsung Electronics, Kwon Oh-hyun, plans to resign. He is known as “Mr. Chip” for turning Samsung into the world leader in memory chips. The announcement shocked some Samsung followers. According to Park Ju-gun, head of research firm CEO Score, “The timing is nonsensical. Samsung tipped record earnings, it’s going to be better in the fourth-quarter, and all that’s been driven by Kwon’s components business.”

In addition to announcing Kwon’s resignation, Samsung said that it would report record third quarter operating earnings …

BlackBerry has outstanding second quarter earnings report led by licensing and software

Sure, BlackBerry no longer manufacturers smartphones, but its licensing and software divisions are running on all cylinders. In fact, it makes you wonder why BlackBerry didn’t give up manufacturing smartphones earlier. With the current set up, the guys in Waterloo have a good thing going. A company like TCL licenses BlackBerry’s version of Android and pays the company for use of the iconic BlackBerry name and logo. BlackBerry sits back and deposits the checks.

Topping Wall Street expectations, BlackBerry reported a record $196 million in services and software revenue for its fiscal second …

Samsung projected to record highest ever quarterly profits, as it announces Q2 earnings estimates

2016 was a difficult year for Samsung, hands down. After its Galaxy Note 7 phone was widely publicized for its flammability, Sammy continued to struggle in Q1 this year, marking a 9% decrease in year-on-year operating profits. However, the Korean giant has now announced estimates of its Q2 figures that show it is entering the second half of the year, having recorded its highest ever operating profit in this April-June period.

The company has said that revenue in the quarter ending in June rose to roughly $52 billion (60 trillion won), making for an operating profit …

LG's latest earnings report shows 10 percent overall yearly growth, 2 percent in its mobile division

LG Electronics posted its Q1 2017 earnings report today, and things are looking pretty great for the company on pretty much all fronts. Its operating profits are up 9.7 percent over the same period last year, though its mobile division saw only 2 percent year-over-year growth.

The increase in smartphone revenue, which for Q1 2017 was 3.01 trillion won (USD 2.61 billion), was helped by the launch of its latest flagship, the LG G6, though its March 10 release date left it little time to leave a considerable mark on the company’s profits. However, unit …