LG had a profitable Q4 2017, but no thanks to smartphone sales

LG Electronics has recently revealed its earnings for Q4 2017. For the October-December period of last year, the estimated operating profit of the Korean company is at 366.8 billion won, which is about $343 million.
The data indicates a strong year-over-year increase, as LG recorded an operating loss of 35.2 billion won ($33million) in Q4 2016. Meanwhile, sales estimates were also up 14.8 percent over the aforementioned period. 
It’s worth noting that market analysts expected to see a stronger quarterly …

Nintendo announces Super Mario Run has 200 million downloads, but it's not too profitable

Super Mario Run is Nintendo’s first foray into the mobile gaming industry. Even though the game proved to be pretty popular among Android and iOS users, it didn’t reach the level of profitability Nintendo expected.

During Nintendo’s latest earnings report, the Japanese company announced Super Mario Run now has more than 200 million downloads on both Android and iOS platforms. However, Nintendo claims that despite this impressive numbers, the game “had not yet reached an acceptable profit point.”

Super Mario Run is a free to download game but requires players …

Fortune: Apple is the most profitable company in the world

Thanks to the iPhone, Apple is already the most valuable company in the world. Based on its market capitalization (share price multiplied by shares outstanding), Apple is worth more than $784.5 billion. The company grossed $215 billion during its latest fiscal year, which placed it ninth in the world for that category. For the second fiscal quarter of 2017, the iPhone was responsible for 63% of Apple’s revenue which shows you how important that product is to the success of the company.

What good is attracting all of this business if the company is not profitable? Apple surely doesn’t have …

Apple forced Imagination Technologies to change course, but it still returned to being profitable

Imagination Technologies, the company that used to produce GPUs for Apple products, suffered quite a blow when the Cupertino company decided to manufacture its own graphics chips. The two companies ended up in a David-and-Goliath type of battle, in which Imagination claims that Apple can’t make GPUs without infringing on its patents, while Apple says it can.

The repercussions suffered by Imagination Tech were so severe that the company recently announced it’s looking to sell itself. However, according to its latest earnings report, the UK firm went back to being …