Samsung reports record operating profits for Q1; Galaxy S9 production cut says analyst

Earlier this month, Samsung gave a preview of its first quarter earnings and said that it would report record operating profits. And sure enough, the company announced on Thursday morning (thanks to the time difference, it is the next day in South Korea) that it achieved a fourth consecutive quarter of record operating profit. Leading the way for the company was sales of memory chips.

During the first quarter, Samsung reported net profit of 11.69 trillion South Korean won, equivalent to $10.8 billion USD at current exchange rates. That happens to be a healthy 52% gain from the net profit …


Consumer Reports: This is what you need to look for when buying a refurbished phone

Last month, we told you that with the price of high-end handsets more expensive than they ever have been, refurbished smartphones are in demand. But with so many different refurbished models and so many different places that offer them, what can you do to protect yourself from purchasing a lemon? Non-profit magazine Consumer Reports (CR), which does not accept advertising so that it can be perceived as neutral, has some advice.

CR says that consumers need to make sure that they are getting a phone that really has been refurbished and not merely cleaned up, placed in a box, and put back on …

Lenovo denies reports of massive Motorola layoffs, says Moto Z family is safe for now

You might not be aware that Lenovo has decided let go a certain number of Motorola employees earlier this week. Reports about the layoffs emerged a few days ago after a Motorola employee said the company’s workforce in Chicago has been halved.

Today, Lenovo told Engadget that the reports are inaccurate in the fact that the layoffs did not impact half of Motorola’s workforce in Chicago, but much less. Also, the company confirmed the development of its Moto Z family will not be affected by these layoffs.

This week’s employment reductions are a continuation of that process. We are reducing …

Reports that Apple will nix the notch in iPhone 11 are the ultimate copycat irony

Uh oh, Apple may be doing away with unsightly top bezel protrusions for the 2019 iPhone crop, and we doubt that the glut of notch copycats in the Android universe will appreciate such a move. You see, Apple’s Phil Schiller sat for an interview not long ago, and said that the notch is actually quite an elegant way to house all the TrueDepth camera paraphernalia that makes Face ID and Animoji possible on the iPhone X. He mentioned that Apple managed to miniaturize the parts that make Face ID possible to an extent unseen before, and housed them in the bezel protrusion successfully, …

Nokia's Q4 financial reports better than expected

Nokia Campus in Espoo, Finland
Telecommunications giant Nokia’s financial results for Q4 2017 are out and they are better than the initial predictions. The company reported $1,2 billion operating profit for Q4 – up from the $1,101 billion forecast. 
What made the 9% increase a reality was the multi-year patent license agreement, signed between the Finnish company and another network Goliath – Huawei, which brought in $260,4 million, with more revenue expected during the term of the contract.
Despite …

Nokia's Q4 financial reports better than expected.

Nokia Campus in Espoo, Finland
Telecommunications giant Nokia’s financial results for Q4 2017 are out and they are better than the initial predictions. The company reported $1,2 billion operating profit for Q4 – up from the $1,101 billion forecast. 
What made the 9% increase a reality was the multi-year patent license agreement, signed between the Finnish company and another network Goliath – Huawei, which brought in $260,4 million, with more revenue expected during the term of the contract.
Despite …

AT&T reports $20 billion tax cuts profit windfall, record low subscriber churn

The $1.5 trillion tax cuts that the government passed last month is beginning to look great for companies like AT&T or Verizon, which had a bunch of deferred taxes on their books. After Verizon announced it can now tack $17 billion in extra profit to its quarterly results, thanks to the new tax law, AT&T came out swinging, and booked $20 billion in Q4.

That’s right, the carrier will be having a windfall, but mostly on paper, as due to the capital-intensive nature of the carrier business, those taxes could have been put off indefinitely anyway. Still, the move to bring …

Corning sold more in 2017, but reports net loss

Corning, the company that gave life to the Gorilla Glass technology and brought it to our smartphones, has reported its 2017 Q4 and full-year financial results, indicating net loss.

On a yearly basis the company indicates an increase in income, from $9.39 billion in 2016 to $10.11 billion in 2017. Despite that, Corning still finds itself at a net loss of $497 million – way worse than 2016, when the company had a net profit of $3,695 billion. The financial deficit can be easily explained with the fact that the company has recently invested in 23 projects, including the construction …

Consumer Reports subscribers rank Sprint dead last among the four major U.S. carriers

According to Consumer Reports latest survey to determine the best carrier, which is based on votes cast by the magazine’s subscribers, small carriers finished at the top of the list while large carriers like AT&T and Sprint finished at the bottom of the survey. The three that finished on top, Consumer Cellular, Project Fi, and Ting all scored high for value. It was Consumer Cellular that took home the trophy as the overall number one ranked carrier.

In case you’re unfamiliar with the top ranked trio, Consumer Cellular is a post-paid MVNO. Project Fi is the hybrid pre-paid MVNO owned …

Google looking into reports of slower Pixel 2 XL fingerprint scanner after Android 8.1 update

Some Google Pixel 2 XL users are not happy about what happened to their handset following the update to Android 8.1 earlier this month. According to the Google support forum, several Pixel 2 XL owners found that the fingerprint scanner on the back of the phone is taking longer to unlock their device. For example, one user of the device said that it took “a good second” for the screen to turn on after activating the fingerprint sensor.

Apparently, there is a workaround for the sluggish biometric reader. Turning on the always on feature will allow the fingerprint scanner on the Pixel 2 XL …