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Samsung Electronics vows mobile rebound, dangles buyback after Note 7 shock
Thu, 27 Oct 2016 01:41:32 -0400

A visitor tries out a Samsung Electronics' Galaxy Note 7 at company's headquarters in SeoulSamsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years.

Network maker Nokia outperforms Ericsson in third quarter
Thu, 27 Oct 2016 02:11:22 -0400

A photo illustration of a man silhouetted against a Nokia logoNokia on Thursday reported falling quarterly sales and profits for its network gear business, but outperformed rival Ericsson in a weak market thanks to cost cuts after its recent acquisition of Alcatel-Lucent. Finland's Nokia said total third-quarter operating profit decreased 18 percent from a year ago to 556 million euros ($606 million), but was buoyed by a one-off patent licensing payment. Group sales dropped 7 percent from a year ago to 5.95 billion euros, including network equipment sales falling 12 percent to 5.32 billion, which compared with a market consensus of 5.39 billion.

Apple says AirPod shipments to be delayed
Thu, 27 Oct 2016 00:18:40 -0400

Apple AirPods are displayed during a media event in San Francisco(Reuters) - Apple Inc said on Wednesday that its wireless AirPod headphones, which were supposed to hit the market this month, will be delayed. "We don't believe in shipping a product before it's ready, and we need a little more time before AirPods are ready for our customers," Apple spokeswoman Trudy Muller said in an email to Reuters. Apple unveiled the AirPod at the launch of the latest iPhone last month.

LG Electronics says third-quarter profit down 3.7 percent vs. year earlier
Thu, 27 Oct 2016 02:22:36 -0400

Models pose for photographs with a LG electronics' new V20 premium smartphone during its unveiling ceremony in SeoulSEOUL (Reuters) - South Korea's LG Electronics Inc said on Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, dragged down by a record quarterly loss for its mobile division. The world's No. 2 television maker behind Samsung Electronics Co Ltd said in a regulatory filing its July-September profit was 283 billion won ($248 million), matching an earlier estimate. Revenue for the quarter dropped 5.7 percent to 13.2 trillion won. LG's mobile division reported its worst-ever quarterly operating loss of 436. ...

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