LG Electronics' mobile business continued to be a drag on earnings as the South Korean company narrowed its quarterly net loss to $117 million. The company's mobile division lost $36 million during the quarter.
The global smartphone market grew at its slowest pace since 2009 in the third quarter according to research firm Strategy Analytics, a sign that even though Apple's profits are sky high and Samsung Electronics appears to be back on the road to recovery in its mobile business, the overall smartphone market is cooling.
How did the wireless industry perform in the third quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.
According to a new report, Sprint, T-Mobile US, Verizon Wireless and AT&T won't sell the new Nexus smartphones that Google is widely expected to announce during a media event tomorrow. Instead, Google will sell the devices through its website only.
According to Android Police, which received images of the devices' packaging, the LG-made 5.2-inch phone will be called the Nexus 5X while the Huawei-made gadget with a 5.7-inch screen will be dubbed the Nexus 6P.
Smartphone sales growth was its weakest in the second quarter since 2013, according to research firm Gartner. That's mainly due to the first-ever slowdown in the Chinese market, the world's largest for smartphones, and while Apple had a strong quarter in China, OEMs that rely on Google's Android software saw their fortunes slide, and Android overall recorded its weakest growth ever in the quarter, Gartner said.
Rumors have been spreading since May that Google is working with two OEMs to create its next Nexus-branded phones running Android M software: a 5.7-inch Huawei device and a 5.2-inch phone from LG Electronics. Now, images purporting to show the LG-made device have surfaced.
The worldwide tablet market declined by 7 per cent year-on-year in the second quarter of 2015 with shipments totalling 44.7 million units.
LG Electronics said sales in its mobile unit were flat in the second quarter and smartphone shipments declined. The company's mobile unit hit a snag despite the introduction of its latest flagship smartphone, the G4, which went on sale in the U.S. in early June after being introduced in April.
How did the wireless industry perform in the second quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.