Everything Everywhere, the company formed by the merger of Orange and T-Mobile in the UK, has posted a drop in service revenue of 2.5 per cent to reach £1.5bn in its first quarter earnings statement.
Finnish handset vendor Nokia has announced that is expecting to report a loss for the first two quarters of 2012. In a statement released Wednesday the firm blamed “competitive industry dynamics” for damaging net sales for its Mobile Phones and Smart Devices business units, particularly in the Middle East and Africa, India and China.
Beleaguered Blackberry maker RIM reported more bad news as the firm saw its net income plunge by almost three-quarters to just $265m in the third quarter of 2011. The figure is a 71 per cent drop from the $911m it recorded in 3Q10, and was impacted in large part by a $485m pre-tax charge related to unsold PlayBook tablets.
RIM’s has seen its profits slide to less than half of what it generated in the previous quarter, and to little over 40 per cent of what it made in the same quarter last year. The company’s quarterly earnings for 2Q11 revealed that its net income for the quarter was $329 million. This marks a steep drop from the $695 million it recorded in 1Q11, an even steeper fall from the $797 million made in 2Q10.
Chinese vendor ZTE has announced that its first half profit has fallen 12.4 per cent year on year, to RMB768.5m ($119.7m). The firm attributed the drop in profit to its “market share expansion strategy, a change in product structure and pending software VAT refund subsidies.”
Canadian vendor Research In Motion has announced that it is to lay off 2,000 staff as part of the cost-cutting programme the firm unveiled in June. The Blackberry manufacturer said that the cuts, which will affect more than ten per cent of its workforce, were “a prudent and necessary step for the long-term success of the company.”
Troubled Finnish handset vendor Nokia has said that it will not hit its sales or margin targets for the second quarter of 2011 due to a range of factors impacting negatively on its business. The firm said its difficulties are such that it was “no longer appropriate to provide annual targets for 2011.”
Cupertino based computer, handset and tablet manufacturer Apple has posted yet another record quarter, raking in second quarter revenue of US$24.67b, producing a net profit of US$5.99b. This was achieved with sales of 3.76m Mac computers, a 28 per cent increase over the year-ago quarter, and 18.65m sales of iPhones, representing growth of 113 per cent.
Handset vendor Sony Ericsson has reported net profit of €8m for the Q4 2010, marking its fourth consecutive quarter in profit. Net income for full year 2010 was €90m, the firm said, compared to a loss of €836m for 2009. President and CEO Bert Nordgberg described 2010 as “a turnaround year” for Sony Ericsson, and attributed improvements in the firm’s fortunes to its “shift towards an Android-based smartphone portfolio.”
Canadian smartphone vendor Research In Motion has reported record results for the third quarter of its 2011 fiscal year, with shipments of its Blackberry devices growing 40 per cent year on year to 14.2 million devices. Revenues were up by the same degree, hitting $5.49bn compared to $3.29bn for the third financial quarter of 2010, and there was a sequential improvement on the second quarter of 19 per cent.
A step in the right direction but does it go far enough?
Sharing an allowance among family members is one ...
I agree with Dan about this being a excellent read, and that QNX is not well known but sooner or ...
Excellent read with some actual facts compared to the hack journalist/bloggers on the interest. Many don't understand what QNX ...
The main issue with Telenor is that whether they made underhand payments to ge the licenses. If they did, then ...
Over The Top providers have become the staple wildcard in almost any sector set on a collision path with mobile. By and large they are very good at what they do: connecting a user with their chosen content or service by whatever means available.
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