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Samsung, Huawei account for nearly 7 in 10 global 5G phone shipments in Q1

2020-04-29 09:48:00| Telecompaper Headlines

(Telecompaper) Samsung has become the early leader of the 5G smartphone market, shipping 8.3 million handsets across the world during the first quarter of 2020 for a 34.4 percent market share, according to data from Strategy Analytics. The South Korean company took advantage of its strong global distribution networks and operator partnerships and the popularity of its S20 5G and S20 Ultra 5G devices to top the ranking, closely followed by Huawei with a 33.2 percent market share after shipping 8.0 million 5G smartphones, nearly all in China.

Tags: in account phone global

Samsung sees demand weakening from Q2 after solid Q1 results

2020-04-29 08:55:00| Telecompaper Headlines

(Telecompaper) Samsung reported first-quarter revenues up 5.6 percent year-on-year to KRW 55.33 trillion, led by demand for its memory products and premium smartphones. The company said demand started to weaken from the end of the quarter due to the spread of the Covid-19 pandemic, and it expects lower second-quarter results as demand for consumer products such as smartphones and TVs slows.

Tags: results solid samsung demand

Adidas in 97% profit slide as store closures weigh on Q1

2020-04-27 15:09:00| Daily apparel & textile news and comment - from just-style.com

Adidas has booked a 97% slide in profits as the impact of coronavirus weighed heavily on its first-quarter results.

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ZTE reports 20% better underlying profit in Q1

2020-04-24 17:34:00| Telecompaper Headlines

(Telecompaper) ZTE said operating revenues for the first quarter slipped to CNY 21.48 billion from 22.02 billion the year before, and that the net profit declined to CNY 780 million from 863 million year-on-year. The net profit after extraordinary items however rose 20.5 percent to CNY 160 million. Basic earnings per share went to CNY 0.18.

Tags: in reports profit underlying