LG Reports Positive 2014 in Yearly Earnings, 125% Net Profit Increase and 24% Boost to Smartphone Shipments

LG posted its 2014 financial results this morning, boasting a fantastic Q4 to cap off a successful year all around. On the numbers side, LG posted a net profit of 474.81 million (USD) for the full year of 2014, which is increase of 125% over 2013. Additionally, LG’s operating profit increased as well, hitting 1.73 billion (USD) from 1.14 billion (USD) the previous year.  (more…)

Verizon’s Q4 2014 Numbers Show They Don’t Need to Cave in to the Uncarrier

Verizon dropped its Q4 2014 numbers this morning, numbers that show the company is still doing very well even without reacting to every single move that T-Mobile makes through its “Uncarrier” movement. While Big Red’s competitors are buying out contracts or slashing bills in half to try and convince customers to make switches, Verizon has maintained that it will adjust as needed, but doesn’t need to make drastic reactionary changes or follow in anyone’s footsteps(more…)

T-Mobile Adds Another 1.5 Million Customers, Takes VoLTE Nationwide, Plans to Expand Coverage Outside of Metro Areas

T-Mobile CEO John Legere took to his company’s newsroom today to talk about how his crew is “firing on all cylinders.” In other words, T-Mobile is still killin’ it for the most part.

The wireless carrier added another 1.5 million new customers in the last quarter, making this their 5th consecutive quarter with at least 1 million or more net adds. In the past 15 months, T-Mobile has brought in a total of 7.6 million new customers, which is well, a lot. In fact, according to T-Mo’s numbers, they topped all of the other three major carriers combined in terms of postpaid phone adds. Not bad, right?  (more…)

LG Mobile Sells Record 14.5 Million Smartphones in Q2, Turns A Profit for the First Time in Three Quarters

Life’s good for LG, if the company’s financials are anything to go by. The smartphone division had a record quarter (selling 14.5 million smartphones), leading to a Q2 net profit of KRW 412 billion ($399.8 million) and an operating profit of KRW 606 billion ($588.5 million). That’s a 165% and 26.5% increase year-over-year, respectively. (more…)

Verizon Earns Record $4.21 Billion Q2 Profit, Gains 1.4 Million Subscribers

Patronizing and sleazy as Verizon can be, you’ve got to admit: they know how to make money.

The wireless carrier raked in the dough this quarter, earning a $4.21 billion Q2 profit on total revenue of $31.48. That represents an improvement of 7.5% and 5.7% year-over-year, respectively, which Verizon noted is the company’s highest growth rate in six quarters. (more…)

Google Lays Out Q2 Earnings, Beats Revenue Expectations

It’s Google earnings day, with Mountain View posting up their second quarter financials for the year of 2014. This quarter, revenue was up 22% year-over-year to $16 billion, with Q2 of 2013 ending at $13.11 billion. Patrick Pichette, CFO of Google, stated in the earnings report, “We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term.”  (more…)