TOKYO (Reuters) - Honda Motor Co posted a more than doubling in quarterly operating profit on Friday, as production recovered from the earthquake and tsunami in Japan last year, and it forecast a 38 percent rise in global sales in the year ahead as it makes up for lost time. Honda, which has lagged a recovery from the effects of disasters in Japan and Thailand by rivals Toyota Motor Corp and Nissan Motor Co , reported operating profit for the January-March fourth-quarter of 111.98 billion yen ($1.4 billion), slightly lagging an average estimate of 123. ...
SEOUL: Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. The company's overall earnings drop during the April-June quarter was 8 per cent but it reported a much bigger decline of 38 per cent in the mobile division's income. The sharp profit drop in the mobile business came despite its ambitious start to the quarter with the launch of two flagship smartphones: the Galaxy S6 and the S6 Edge featuring a curved side display.
NEW DELHI: Apple's iPhone sales growth in India has for the first time raced past Greater China in the three months to June, underlining the importance of the South Asian nation where the smartphone maker has started aggressive pricing, discounts and buybacks, a sea change from its earlier staid stand when the country wasn't considered a prime market. The Cupertino-based company's sales of iPhones in India grew 93% in the third quarter — albeit off a far lower base — faster than 87% growth in Greater China markets, comprising China, Hong Kong and Taiwan.
SEOUL: Samsung Electronics has said it expects earnings to rise in the second quarter after posting its highest profit in three quarters in January-March, boosted by strong demand for its new Galaxy S6 flagship smartphones. Samsung's renewed focus on design after a period of stagnation in its smartphone range appears to be paying dividends, with researcher Strategy Analytics saying the South Korean giant overtook Apple as the world's top smartphone maker in the first quarter.
TOKYO — Toyota Motor Corp kept its lead over rivals General Motors Co and Volkswagen AG this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit.
Toyota’s groupwide sales totalled around 7.412 million vehicles, up 0.1% from the same period a year ago, the company said on Monday, as strong sales in the United States offset slowdowns in Thailand and China.
Toyota’s groupwide total includes sales at affiliates Daihatsu Motor Co Ltd and Hino Motors Ltd.
Honda Motor Co. (HMC) posted a 40% decline in profit, reaching ¥81.12 billion ($995 million) or ¥45.01 (55 cents) per share in the third quarter of its fiscal 2011 from ¥134.63 billion or ¥74.19 per share in the same quarter of prior fiscal year.