q3 2020
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Xiaomi overtook Apple in smartphone sales last quarter
Xiaomi has overtaken Apple in smartphone sales as the industry bounces back from the pandemic's initial blow.
Uber's delivery business was a saving grace in a tough quarter
It’s fair to say that Uber’s business was challenged in a huge way by the 2020 coronavirus pandemic. Unsurprisingly, gross revenue from its “mobility” group dropped significantly compared to a year ago — $2.9 billion in mobility revenue represented a 53 percent year-over-year decline. Total revenue for the company across all its segments declined 18 percent year-over-year — a significant drop, but it’s undeniable that Uber Eats kept that loss from being much more significant.
Twitter user growth stalled after big gains earlier this year
Despite growing users last quarter, revenue took a big hit as advertisers pulled back their budgets in a big way. That trend reversed itself this time — Twitter’s quarterly revenue was $936 million, up 14 percent year-over-year.
Samsung's mobile sales are up 51 percent over last year's numbers
According to Samsung, despite the pandemic profits in its mobile business are up sharply from the dip it experienced in 2019. Samsung already told investors to expect higher profits for Q3 of 2020, but now the detailed results are out, revealing operating profit in its mobile division that’s up 51 percent over the same period last year (PDF). Samsung also saw growth in its display business (which accounts for screens sold to others, like the OLED displays in Apple’s iPhone 12 lineup), and memory chips, which go in phones, servers and help power the graphics cards for new GPUs and game consoles.
Netflix predicts it will hit 200 million subscribers this year
Netflix has just released the results for its most recent quarter (PDF), revealing that it slightly missed its own projections, adding 2.2 million customers worldwide over the last three months instead of the 2.5 million it predicted.
Samsung's quarterly profit is up 58 percent from last year
Samsung's guidance for its Q3 earnings is in, and the company expects an operating profit of $10.6 billion. That's up 58 percent from the year before. A detailed breakdown will come later, but Reuters reports analysts who suspect that higher mobile phone sales — probably more from midrange handsets than its just-launched high end devices like the Galaxy Note 20 — and graphics chips for new gaming consoles contributed to the results.
