Smartphone Weekly Notes: Apple Makes AI Acquisitions; Samsung Projects Earnings Rebound

The smartphone industry had an interesting week, headlined by Samsung (PINK:SSNLF) publishing a strong set of preliminary earnings, indicating that operating profits likely rose by 80% year-over-year and BlackBerry (NASDAQ:BBRY) indicating that it could exit the handset business, unless it sells about 5 million phones a year. In other news, Apple (NASDAQ:AAPL) reportedly acquired two artificial intelligence-related start-ups. Here’s a quick analysis of the news that mattered in the smartphone industry last  week. Samsung’s Projects Stronger Q3 Earnings Samsung Electronics published preliminary Q3 earnings, indicating that revenues likely rose 7.5% to to 51 trillion won ($44.6 billion), while operating profits likely jumped to 80% to about 7.3 trillion won ($6.3 billion). ((Samsung Electronics Pre-Earnings Guidance)) This marks the company’s first year-over-year profit increase since Q3 2013. While Samsung did not outline specific reasons for the improved results, it’s likely that the components business…


Link to Full Article: Smartphone Weekly Notes: Apple Makes AI Acquisitions; Samsung Projects Earnings Rebound

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