Reuters – Investors are bracing for some of the worst earnings reports this decade from wireless chip suppliers Texas Instruments Inc , Qualcomm Inc and Broadcom Corp , after top mobile phone makers posted abysmal sales and forecast more deterioration.
Samsung Electronics toay posted its first ever quarterly loss as demand for electronics tumbled, caused by the global economic downturn.
The company lost $14.4 million in the three months ended Dec. 31. It posted a net profit of $1.6 billion a year earlier. The net loss is Samsung’s first since it began reporting results on a [...]
LG Electronics reported its first net loss in seven quarters as the global economic slump hit prices and demand for consumer electronics.
The company painted a pessimistic outlook for 2009, its sales should decline and profits worsen this year due to slumping demand and increasing competition.
LG, now the world’s No.3 handset maker, lost $487.2 million in [...]
Reuters – The global mobile phone market will shrink 9 percent in 2009, its first decline since 2001 and with the first half set to be especially grim as economic slowdown chokes consumer spending, Strategy Analytics (SA) said.
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