Samsung’s Profit Surges to 2-Year High on Galaxy Phone Sales

Samsung's Profit Surges to 2-Year High on Galaxy Phone Sales

Samsung Electronics Co. reported Thursday forecast-beating earnings results that were the best in two years as consumers snapped up its Galaxy smartphones, in a sign the company is getting its mojo back while rivals fail to deliver new smartphones.

The South Korean company forecast that its performance will continue to be “solid” during the rest of the year because demand for its lucrative components, such as high-end displays called Oled that are used as screens for premium smartphones, is expected to increase “substantially.” It expects to spend more, however, on mobile marketing of its upcoming large-screen smartphones, to be announced next week, which Samsung typically uses to distract consumers from new iPhone launches by Apple.

Samsung, the world’s largest smartphone maker, said its April-June net income rose 2 percent over a year earlier to KRW 5.85 trillion ($5.17 billion or roughly Rs. 34,650 crores), compared with KRW 5.75 trillion a year earlier.

That was slightly higher than forecasts, which have been revised upward in recent months to reflect stronger-than-expected sales of the new phones. Analysts had forecast net income of KRW 5.79 trillion, according to FactSet, a financial data provider.

Sales rose 5 percent to KRW 50.94 trillion ($45 billion), while operating profit surged 18 percent to KRW 8.14 trillion ($7.19 billion), in line with the company’s guidance earlier this month.

Samsung beat forecasts even as growth in the overall smartphone industry slowed. Its rival Apple, the world’s second-largest smartphone maker, is struggling to boost iPhone sales and reported a 27 percent quarterly drop in profits.

Samsung’s mobile business reported KRW 4.32 trillion ($3.82 billion) in operating income during the three-month period, its best quarterly performance since the second quarter of 2014.

Samsung estimates it shipped between 75.6 million and 78.3 million smartphones during the quarter, about twice as many as Apple’s 40.4 million iPhone sales.

The Galaxy S7 and S7 Edge smartphones drove the profit gain. The company launched the latest versions of its flagship smartphones in March, several weeks sooner than it did last year. Early launches helped Samsung report strong sales during the first quarter, and the latest results dispelled doubts it could sustain the momentum during the second quarter, since consumers continued to snap up new phones in the spring.

The company also reduced its mid- and low-end Galaxy models, helping to cut costs. During the earnings conference call, Samsung’s mobile business official said the company will launch the Galaxy C series exclusively for Chinese consumers.

The stellar performance of Samsung’s mobile division is a sign that its experiment with smartphone designs is paying off.

Samsung introduced the first of its flagship Edge smartphone series, which features curved displays that wrap around two corners of the device. But in 2015, it failed to capture demand because it ran into trouble mass producing those curved displays. The S7 Edge, with similar designs as its predecessor, saw robust demand from consumers and this time Samsung was able to deliver the products on time. The company said the Galaxy S7 Edge sales proportion increased.

The strength of the Galaxy S7 has boosted Samsung’s own component businesses. Sales of Oled, or organic light-emitting diode, display panels rose, helped by healthy sales of flagship smartphones and higher demand for flexible displays for the S7 Edge. Samsung dominates the global supply of Oled display panels for mobile phones.

Samsung is scheduled to announce the latest iteration of its Note series, the Galaxy Note 7, featuring a giant screen and a stylus, on August 2.

Tags: Android, Home Entertainment, Laptops, Mobiles, PC, Samsung, Samsung Mobiles, Tablets, Wearables
[“Source-Gadgets”]

Apple Says One Billion iPhones Have Been Sold

Apple Says One Billion iPhones Have Been Sold

HIGHLIGHTS

  • Apple on Wednesday reported decline in iPhone sales
  • Tim Cook says iPhone has become one of history’s most important products
  • Other services of Apple are blooming as well

Apple announced Wednesday the sale of its billionth iPhone, a milestone for the company as it seeks to keep momentum in a competitive smartphone market.

Chief executive Tim Cook made the announcement at a staff meeting at the company’s California headquarters.

“iPhone has become one of the most important, world-changing and successful products in history,” he said in a statement.

(Also see:  Apple’s Tim Cook on Acquisitions, Pokemon Go, and Augmented Reality)

“It’s become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day. Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we’ve always set out to make the best products that make a difference.”

The news comes a day after Apple reported a drop in iPhone sales over the past quarter, a second straight drop after uninterrupted growth since its introduction in 2007.

Apple sold 40.4 million iPhones in the quarter ending June 25, down 15 percent from a year earlier, highlighting concerns over growth for the iconic smartphone.

The quarterly results underscored the challenges for Apple, which has built a huge business around the iPhone but is unlikely to see continued growth, due to a saturated smartphone market and increased competition.

Apple has been seeking to diversify its product line and move into services for a more stable revenue base, while keeping users in its ecosystem with offerings such as music, connected cars and its Apple Watch.

Tags: Apple, Apple Watch, iPhones, Mobiles, Tim Cook
[“Source-Gadgets”]

Nextbit Robin Ember Colour Variant Launched; August Software Update Detailed

Nextbit Robin Ember Colour Variant Launched; August Software Update Detailed

HIGHLIGHTS

  • The new colour variant will be sold on Flipkart from next week
  • The price of the smartphone is Rs 19,999
  • Ember variant is available in limited quantities

Nextbit has launched a new colour variant for its cloud-based Robin smartphone. The Ember colour variant will be made available in limited quantities via Flipkart beginning next week.

The limited edition variant has already gone up for sale in the US on the company website at $299 (approximately Rs. 20,100). Nextbit asserts that this colour variant is just available till stock lasts, and that the stock will not be replenished in the future. The price of the smartphone in India is Rs. 19,999.

The company has also announced that beta testers should’ve received the forthcoming August software update that should enable support for storing videos on smart storage. Nextbit has promised the update will also bring the latest security patches, and improved thermal tuning for keeping theNexbit Robin smartphone cooler during multitasking. The company has also promised an Android N update sometime in the fourth quarter, and it is expected to bring along improvements to significantly boost battery life alongside all the new features.

(Also see: Nextbit Robin Review)

The Nexbit addresses the limited storage issue in smartphones with a cloud-based storage solution. It can automatically back up photos and apps that haven’t been used recently to the cloud to free up space on the device. It features a 5.2-inch full-HD (1080×1920 pixels) display, a Qualcomm hexa-core Snapdragon 808 processor coupled with 3GB of RAM, and 32GB of inbuilt storage which is non-expandable. The Nextbit Robin comes with 100GB of free cloud storage space.

Other features of the Nextbit Robin include a 13-megapixel rear camera, a 5-megapixel front-facing camera, a 2680mAh battery, a USB Type-C charging port, and runs on Android 6.0

[“Source-Gadgets”]

LG Appliances and TV Earnings at Record Levels but No G5 Boost for Mobile Division

LG Appliances and TV Earnings at Record Levels but No G5 Boost for Mobile Division

South Korea’s LG Electronics Inc on Thursday posted its highest quarterly operating profit in two years, thanks to record appliances and television earnings that offset another loss for the mobile division.

The world’s second-largest TV maker behind SamsungElectronics Co Ltd said in a regulatory filing its April-June profit more than doubled from a year earlier to KRW 585 billion ($521 million), matching its earlier guidance.

LG said it expected July-September operating profit to be higher than the KRW 294 billion profit it reported a year earlier, while revenue would be similar to the 14 trillion won recorded in the third quarter of 2015.

Operating profit for the appliances division jumped 49 percent from a year earlier to a quarterly record of KRW 433.7 billion, the company’s top earner for the seventh straight quarter as sales of premium products continued to support margins.

LG’s TV division swung to a profit of 356.7 billion won, also a quarterly record, boosted by sales of high-end televisions and improved cost structure amid declining panel prices.

The mobile business continued to struggle, however, reporting a KRW 153.5 billion operating loss, the fifth straight quarter in the red as sales of the flagship G5 fell short of expectations.

The company in April guided for a sharp second-quarter rebound in mobile earnings on G5 sales. The phone was received positively by critics for allowing users to upgrade functions such as the camera through attachable modules.

But initial manufacturing problems undermined early momentum for the G5, analysts said, leading to disappointing sales.

The firm said the third quarter would remain difficult for the business though its performance would improve as new products launched.

LG’s second-quarter revenue rose 0.6 percent to KRW 14 trillion, matching its guidance for earlier this month.

© Thomson Reuters 2016

Tags: Home Entertainment, LG, LG Display, LG G5, Mobiles
[“Source-Gadgets”]

Xiaomi Redmi Pro: 5 Things You Need to Know

Xiaomi Redmi Pro: 5 Things You Need to Know

HIGHLIGHTS

  • It packs a 4050mAh battery
  • The Xiaomi Redmi Pro runs on MIUI 8
  • It is priced starting at roughly Rs. 15,100

Xiaomi launched the Redmi Pro smartphone in China on Wednesday. The new Redmi Pro is the first smartphone from Xiaomi company to sport a dual camera setup, and it comes bearing a premium design with three colour options.

(Also see: Xiaomi Redmi Pro vs Redmi Note 3)

The two camera lens modules were first seen on HTC smartphones, but have recently garnered ‘premium’ status since rumours of the iPhone 7 with a dual camera setup started doing the rounds. Not to be left behind, Xiaomi has launched the Redmi Pro, a month ahead of Apple’s traditional launch event in the hopes to get some leverage from the buzz. The dual-SIM smartphone supports 4G, packs a 4050mAh battery, and weighs 174 grams. Apart from these, the Xiaomi Redmi Pro has many other big features that are worth talking about, and we highlight some of the best ones below:

1) Dual camera setup
As mentioned, Xiaomi is using this dual camera setup feature as a selling point of the Redmi Pro. It sports a 13-megapixel Sony IMX258 sensor with a 5-lens module, an f/2.0 aperture, PDAF autofocus and supports dynamic depth of field, coupled with a 5-megapixel Samsung sensor for the secondary depth-sensing camera. The dual-tone flash module sits between the two lenses. On the front, it bears a 5-megapixel camera with an 85-degree wide-angle lens and an f/2.0 aperture.

2) Mediatek Helio X25 Processor
Xiaomi claims that this deca-core processor makes the Redmi pro ‘the most powerful Redmi ever’. The Xiaomi Redmi Pro is powered by the 2.5GHz deca-core MediaTek Helio X25 SoC, coupled with a Mali-T880 GPU, that’s available on the 4GB RAM + 128GB storage variant, while the 3GB RAM + 64GB storage variant has the same processor clocked at 2.3GHz. It is worth noting that the 3GB RAM + 32GB storage variant is powered by a 2.1GHz deca-core MediaTek Helio X20 SoC.

(Also see: Xiaomi Redmi Pro vs iPhone 6)

3) Xiaomi Redmi Note price
Most of Xiaomi’s success is attributed to its reasonable pricing coupled with great specs on its smartphone offerings. With Redmi Pro, Xiaomi keeps the tradition alive and make the three variants available at reasonable price points. The Helio X20 (3GB RAM + 32GB storage) is priced at CNY 1,499 (roughly Rs. 15,100), the Helio X25 (3GB + 64GB) variant is priced at CNY 1,699 (roughly Rs. 17,100), and the Helio X25 (4GB + 128GB) variant is priced at CNY 1,999 (roughly Rs. 20,200).

4) MIUI 8
The Xiaomi Redmi Pro runs on Android Marshmallow-based the latest MIUI 8. The new OS, which wasunveiled last month, comes with a new interface design, new Calculator app, a Smart menu for editing test, and the new App lock feature that unlocks all apps at once.

(Also see: Xiaomi Redmi Pro vs Xiaomi Mi Max)

5) Xiaomi Redmi Pro design
Even with its reasonable price offering, Xiaomi Redmi Pro comes with a unibody metal design. It comes with a 5.5-inch full HD (1080×1920 pixels) display with 2.5D curved glass protection. There are two speaker grilles at the bottom, and a USB Type C port. The home button comes integrated with a fingerprint scanner, and the 3.5mm audio jack is situated on top. The power button, and the volume button are situated at the top right end of the smartphone.

Xiaomi Redmi Pro

Xiaomi Redmi Pro

Display

5.50-inch

Processor

2.1GHz

Front Camera

5-megapixel

Resolution

1080×1920 pixels

RAM

3GB

OS

Android

Storage

32GB

Rear Camera

13-megapixel

Battery capacity

4050mAh

See full Xiaomi Redmi Pro specifications
Also See
  • Amazon
    Xiaomi Redmi Note 3 (Gold, 16GB)
    Rs. 9,999
  • Amazon
    Xiaomi Redmi Note 3 (Dark Grey, 32GB)
    Rs. 11,999
  • Amazon
    Xiaomi Mi 4i (White, 16GB)
    Rs. 11,999
Tags: Android, MIUI 8, Mobiles, Xiaomi, Xiaomi Redmi Pro, Xiaomi Redmi Pro Features, Xiaomi Redmi Pro Price,Xiaomi Redmi Pro Specifications
[“Source-Gadgets”]

 

Indus OS Partners With Celkon, Swipe to Expand India Reach

Indus OS Partners With Celkon, Swipe to Expand India Reach

The first “made in India” operating system Indus OS on Wednesday announced partnerships with two other home-grown Indian smartphone brands – Celkon and Swipe – to expand its market reach in the country.

The tie-ups are in addition to the existing partnership with Micromax which will continue, the company said in a statement.

(Also see:  With Indus OS 2.0, Micromax Wants to Tap Non-English Speaking Consumers)

“We are excited to join hands with Celkon and Swipe. Both brands share our vision for connecting a billion people with technology and bridging India’s digital divide,” said Rakesh Deshmukh, CEO, Indus OS.

The Indus OS operating system was first used in the Unite 3 model of Micromax.

Today, the operating system is being used in more than 35 smartphone models in India.

The company aims to be on one in every six smartphone devices in India by 2017.

Tags: Celkon, Indus OS, Micromax, Mobiles, Swipe
[“Source-Gadgets”]

TCL 562 Smartphone, 4 TCL Televisions Launched in India

TCL 562 Smartphone, 4 TCL Televisions Launched in India

Chinese global consumer electronics brand TCL Corp on Thursday launched TCL 562 smartphone, and four new TV models. Two of these models are in the P1 series – one curved and one flat Ultra HD – and two TV models are in the D2900 series for Indian consumers. All the devices will be available via Amazon India.

“Our entry into the smartphones and television category in India is a strategic move that reinforces our commitment to lead technology and innovation,” Praveen Valecha, Regional Director, TCL India, said in a statement.

The Rs. 10,990 TCL 562 smartphone features 5.5-inch full HD IPS display, octa-core Helio P10 MT6755M processor, 3GB of RAM, and runs on Android 6.0 Marshmallow operating system.

The device has 32GB internal storage, 13-megapixel auto-focus rear camera with LED dual tone flash, and a 5-megapixel front camera with wide view angle and houses 2960mAh battery.

The 48-inch P1 curved full-HD smart TV comes in a sleek design and has functions like screen mirroring, Wi-Fi, Wi-Fi Direct and a store where you download applications. It is priced at Rs. 37,990.

tcl_p1_curved.jpgTCL D2900 series includes two models one in 40-inch (priced at Rs. 20,990) and another in 32-inch (priced at Rs. 13,990) screen sizes, and are equipped with ASIC processor, two USB ports, and HDMI port.

TCL 43-inch flat Ultra HD TV is priced at Rs. 31,990.

TCL 562

TCL 562

Display

5.50-inch

Processor

1.8GHz

Front Camera

5-megapixel

Resolution

1080×1920 pixels

RAM

3GB

OS

Android 6.0

Storage

32GB

Rear Camera

13-megapixel

Battery capacity

2960mAh

See full TCL 562 specifications
Also See
  • Amazon
    TCL 560 (Dark Grey, 16GB)
    Rs. 7,499
  • Amazon
    TCL 560 (Metal Gold, 16GB)
    Rs. 7,499
Tags: Home Entertainment, LED TV, Mobiles, TCL, TCl India, TCL P1
[“Source-Gadgets”]

Lyf Water 8 With 3GB of RAM, VoLTE Support Launched at Rs. 10,999

Lyf Water 8 With 3GB of RAM, VoLTE Support Launched at Rs. 10,999

HIGHLIGHTS

  • Lyf Water 8 sports 5-inch 720p amoled screen
  • The phone is powered by Qualcomm Snapdragon 615 processor
  • It has 13MP rear and 5MP front camera, both equipped with flash

Reliance’s Lyf on Thursday launched its latest dual-SIM handset, the Lyf Water 8 at Rs. 10,999. The smartphone will come running Android Lollipop 5.1.1 out of the box. Lyf Water 8 sports a 5-inch HD (720×1280) amoled screen with pixel density of 294 ppi and is powered by QualcommSnapdragon 615 processor.

The 4G, VoLTE-enabled Lyf Water 8 has 3GB of RAM and has 16GB of internal storage, which is expandable by up to 128GB. The phone has a 13-megapixel rear camera and a 5-megapixel front camera, both of which come with HDR and flash. The company claims that features such as ChromaFlash (front LED flash) and OptiZoom enhance the quality of the images taken by phone significantly.

Both SIM slots in the Lyf Water 8 are 4G enabled, however, at a time only one of these two can support 4G connectivity. In terms of dimensions, the phone measures 142mm x 70.5mm x 7.0mm. Lyf Water 8 packs a Lithium-ion 2600mAh battery, which company claims provides up to 10 hours of talk time. The company claims that the battery can last up to 320 hours in standby mode. In terms of connectivity, the phone features Bluetooth v4.0, USB 2.0, Micro USB, and USB OTG, in addition to 4G/ VoLTE.

The Lyf Water 8 is available in Black and White colour variants.

Lyf Water 8

Lyf Water 8

Display

5.00-inch

Processor

1.5GHz

Front Camera

5-megapixel

Resolution

720×1280 pixels

RAM

3GB

OS

Android 5.1.1

Storage

16GB

Rear Camera

13-megapixel

Battery capacity

2600mAh

See full Lyf Water 8 specifications
Also See
  • Amazon
    Lyf Water 5 (Black, 16GB)
    Rs. 7,599
  • Amazon
    Lyf Water 5 (Black, 16GB)
    Rs. 8,400
  • Amazon
    LYF Water 2 LS5008 (Silver)
    Rs. 9,490
Tags: 4G LTE Phone, Lyf Water 8, Reliance 4G, Reliance Lyf Water 8
[“Source-Gadgets”]

Sony to Host IFA Event on September 1, May Launch Xperia XR

Sony to Host IFA Event on September 1, May Launch Xperia XR

HIGHLIGHTS

  • Sony expected to launch Xperia XR
  • It is pegged to feature a 5.1-inch display
  • IFA to begin from September 2 this year

Sony has now confirmed that it is going to be a part of IFA 2016. The company will be attending the consumer electronics fair at Berlin this year, and will even do a press briefing on September 1.

Exactly what Sony intends to launch at IFA remains unknown. It is tipped that Sony may launch the Sony Xperia XR that has been subject of a lot of rumours lately. The leaks have not only provided a full-blown glimpse of the smartphone, but have also revealed some key specifications details as well.

The Sony Xperia XR aka Sony Xperia F8331is expected to feature a 5.1-inch display, and be powered by a Snapdragon 820 processor. With this smartphone, Sony is also expected to make the switch to USB Type-C ports. So far, Sony’s entire smartphone portfolio sports a Micro-USB ports. The Sony Xperia XR is also expected to support 4K recording with the front and back cameras.

IFA is set to begin on September 2 and go on till September 7 this year. Apart from the Sony press event, IFA will also see some tech companies showing off their accomplishments at the fair. Samsung is expected to unveil its next Gear S smartwatch, and its VR offering at the fair. Motorola may show the next version of Moto 360 at Berlin this year. However, all of this is based on mere speculation and should be taken as such.

Coming back to Sony, it recently launched the Xperia XA Ultra in India at Rs. 29,990. The Sony Xperia XA Ultra features a 6-inch full HD display, Helio P10 processor, 3GB RAM, 16GB inbuilt storage, 21.5-megapixel camera, 16-megapixel front camera, and a 2700mAh battery.

Tags: Android, IFA, IFA 2016, Mobiles, Sony, Sony Xperia XR, Sony Xperia XR Features
[“Source-Gadgets”]

Samsung Galaxy Note7’s First Official TV Ad Gives a Sneak Peek at Its Features

Samsung Galaxy Note7's First Official TV Ad Gives a Sneak Peek at Its Features

HIGHLIGHTS

  • The new advertisement teases Iris scanner and phone’s name
  • The commercial almost confirms phone’s waterproof feature
  • The phone most likely to named Samsung Note7

Samsung Galaxy Note7, the upcoming smartphone in Samsung’s Note series, has now been spotted in its first official TV advertisement, which teases almost all the features that have been leaked regarding the phone. The advertisement touches upon features of the Note7 by giving hints regarding each.

First and foremost, there is little to no doubt now that the phone will indeed be called Samsung Note7 as the commercial shows a numerical order that goes from 1 to 5 then shows a question mark and zooms out to a ‘No’, which is clear indication of the skip that Samsung is widely expected to make. Samsung had tipped this name in the invitations sent out as well.

(Also See : Samsung Galaxy Note7 Price, Release Date, Specifications, and All Other Rumours)

The advertisement starts with a close-up view of a thumb print and the shot is followed up by unlocking patterns used by several Android phones to unlock devices. The shots of these methods used to unlock smartphones looks like a hint to the Iris scanner that the phone is expected to feature, giving the Samsung Galaxy Note7 a new way of unlocking the device.

The shot of classic telephones under the water in the advertisement are more than enough to indicate to the smartphone’s waterproof feature.

The commercial also features a girl who is using an electric bulb to click a selfie. This might be an indication of better low light performance of the Galaxy Note7’s camera, but it could easily have something to do with phone’s LED flash as well.

Presence of Dual Pixels, as in the case of Galaxy S7 and S7 edge has also been suggested on the phone. There has also been talk of dual rear cameras on the phone.

The phone is scheduled to be released on August 2.

There are other hints given in the advertisement as well but they are actually pretty hard to crack at this point in time. Do check the video of the advertisement by Samsung Mobile Korea below and let us know what features you think the Galaxy Note7 will come with.

Tags: Android, Mobiles, Note Series, Note7, Samsung Galaxy, Samsung Note 7
[“Source-Gadgets”]