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Even though the company reported selling 12 million smartphones for the quarter, the company's mobile communications business slipped into the red for the first time in five months, recording an operating loss of 79.7 billion won ($75.5 million) on sales of 3.05 billion won ($288.8 million). The company had hoped to get a boost from its 5.2-inch G2 smartphone, which was launched in August. But its profitability was hurt by higher marketing costs promoting the handset and increased competition from Samsung and Apple, which forced it to cut prices.
LG Electronics announced Thursday that its third-quarter net income slid 34 percent due to price cuts and marketing costs associated with the launch of its latest flagship handset , The South Korean electronics maker reported net income of 108.5 billion won ($103 million) for the three-month period ended September 30, compared with 156 billion won ($147.7 million) for the year-ago period, Be respectful, keep it civil and stay on topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be symmetry series case for apple iphone xr - black closed at any time at our discretion..
In a statement posted to Samsung's China Web site, the electronics giant apologized for the inconvenience, which it blamed on "management problems." It also pledged to repair affected devices, refunds on previously repaired devices, and replacement handsets in some cases. Samsung is not the first tech company coming to come under CCTV scrutiny for its warranty practices. In April, Apple CEO Tim Cook issued an apology over its warranty policies in China and promised improved services after a report on the station. The initial report claimed Apple repaired only broken or otherwise faulty parts within its products for customers in China, versus providing new replacements in other countries.
Cook's apology came during symmetry series case for apple iphone xr - black Apple's continuing efforts to land an iPhone distribution deal with the world's largest mobile carrier, Support from China Mobile, which has about 745 million customers, would open up a vast number of new customers for Apple, Meanwhile, Samsung hopes its apology goes a long way toward helping it maintain its lead position in China's smartphone market, The company sold 30 million devices in the country last year for a 17.7 percent market share, outpacing No, 2 Lenovo's 13 percent share and No, 3 Apple's 11 percent share..
"The only thing I would say is, I think there's a lot of future value in BlackBerry, but without experienced people who have run this type of business, and without a strategic plan, it would be really challenging," Sculley continued. "Whoever buys it would have to have a strategic plan that was credible and could succeed, and they would want to have an experienced team that would be able to implement that plan."BlackBerry announced last month that it was for sale after dwindling sales and heightened competition from Apple, Samsung, and other phone makers. Shortly after the announcement, Fairfax Financial Holdings put together a consortium to buy out BlackBerry in a tentative $9 per share offer. Chinese PC maker Lenovo is also rumored to be considering the acquisition of BlackBerry.