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Samsung’s price cuts for high-end phones worked, but hurt profits

First, the good news for Samsung: it made more mone1y in the third quarter (as it predicted2) than it did in the same period last year. In 2015 it racked up $6.46 billion in operating profit for Q3, which is far better3 than 2014’s $3.8 billion haul, but still not back to 2013’s peak of $9.6 billion4. In its detailed release today (PDF5), Samsung confirmed brisk sales of new flagships like the Galaxy Note 5 and Galaxy 6 Edge+6 but price reductions on the new S6 models and more sales of midrange phones.

Accordingly, Samsung is apparently focusing on “maintaining” these results more than getting back to its previous high. Also, it’s planning to buy back some $10 billion of its own stock7 over the next year. In 2016, it figures the growth rate for phone sales will continue to slow down, so expect to see fewer models released as it streamlines the lineup. Of course, as always, it’s planning on pumping up TV sales with bigger and better models, and pushing new wearables to go with its phones. As it stands, the most interesting spot in Samsung’s plans for next year could be the transparent and mirror display tech8 it plans to roll out for use in automobiles and head-mounted displays, so keep an eye out for that at CES in January.

References

  1. ^ made more mone (global.samsungtomorrow.com)
  2. ^ predicted (www.engadget.com)
  3. ^ far better (www.engadget.com)
  4. ^ 2013’s peak of $9.6 billion (www.engadget.com)
  5. ^ PDF (www.samsung.com)
  6. ^ Galaxy 6 Edge+ (www.engadget.com)
  7. ^ buy back some $10 billion of its own stock (global.samsungtomorrow.com)
  8. ^ transparent and mirror display tech (www.engadget.com)

LG's dual-screen V10 phone reaches AT&T and T-Mobile this week£

When LG promised that its unique V10 smartphone1 would reach the US soon after its Korean launch, it wasn’t kidding around. Both AT&T2 and T-Mobile3 have announced that you can order the dual screen, dual-selfie cam device this week — October 27th and 28th, respectively. The AT&T version comes in black or opal blue, and will cost you either $250 on a two-year contract or $29 per month on a similarly lengthy installment plan. You’ll get a 200GB microSD card, an extra battery and a charging cradle if you order quickly, too. The T-Mobile model doesn’t come with those perks, but it’s potentially cheaper at $25 per month (on a two-year payment plan) or $600 outright. Just be prepared to wait a little while if you insist on trying the V10 in-store. T-Mobile won’t carry it until October 30th, and you’ll be waiting until November 6th to see it at an AT&T shop.

References

  1. ^ unique V10 smartphone (www.engadget.com)
  2. ^ AT&T (about.att.com)
  3. ^ T-Mobile (newsroom.t-mobile.com)

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