VEE has posted a year on year drop in revenue for the first quarter of 2014

KPN sees Q3 profit drop by a third

Dutch operator group KPN has seen its quarterly net profit fall by 32 per cent year on year, and has blamed increased competition in the German market as a key factor for its poor performance. The operator recorded net profit of €250m for 3Q12, compared with the €368m it made in 3Q11. This was despite revenue falling by a comparatively modest 6.5 per cent year on year, from €3,256m to €3,044m.

Elop is set to receive $25m for overseeing the sale of Nokia - around 70 per cent of which will be paid by Microsoft

Nokia playing for survival after another loss-making quarter

Struggling handset maker Nokia has posted its fifth consecutive quarterly loss. The firm recorded an operating loss of €576m for the quarter ending September 30, 2012. The loss dwarfs the €71m loss the firm posted in the same period in 2011. Net sales also dropped 19 per cent year-on-year from €8.98bn to €7.24bn

The move should spur TDD-FDD integration

China Mobile under pressure from OTT and increased competition

The world’s largest mobile operator, China Mobile, has reported first half net profit of $9.76bn on operating revenues of $41.86bn. But in a statement the firm said that competition in the Chinese market – from peers as well as internet players – is intensifying. The growth potential in “traditional telecoms services” is shrinking in China, it said.

KPN is looking to streamline in the face of challenging market conditions

Lack of interest scuppers KPN’s Base sale

Dutch incumbent KPN has called off the sale of its Belgian subsidiary Base after failing to receive a high enough offer. The firm said Wednesday morning that the sale was discontinued because “current difficult market conditions are reflected in unsatisfactory non-binding offers for Base.” KPN announced plans to sell the operation in June. It is also looking to divest German operation E-Plus.

AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years

Operators perform well, Samsung in record breaking quarter, Facebook stumbles on debut

The industry’s big names are continuing to post their quarterly earnings this week, and American operators Sprint and America Movil, as well as Middle Eastern operator group Etisalat, shared somewhat encouraging results. Meanwhile, Samsung recorded its best ever profit for a quarter but Facebook had bad news in its first ever earnings statement.

NSN's annual increased from -€300m in 2011 to -€799 in 2012

Big profits from Apple, big margins from AT&T

Apple once again posted huge financials, with the iPhone and iPad maker hitting quarterly revenue of $35bn and quarterly net profit of $8.8bn for the quarter ended June 30, an increase on the $28.6bn revenue and $7.3bn profit that it recorded in the same period last year.

VEE has posted a year on year drop in revenue for the first quarter of 2014

Dutch operator KPN sees drop in profit

Dutch operator group KPN has announced that its net profit for the first half of 2012 has fallen by a staggering 40 per cent. The figure stood at €603m ($729m), compared to the €1.01bn the firm recorded in 1H11. Revenue from the half dropped by 2.2 per cent to €6.38bn compared with the €6.52bn the firm generated in the same quarter a year earlier.

Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income

Vodafone down, Verizon up, Microsoft makes loss, Google strong as usual

It’s quarterly results time again, with Vodafone, Verizon, Microsoft and Google reporting varying degrees of success for the quarter ended June 30.

Operator group Vodafone reported almost flat revenues for the quarter, climbing by just one per cent, to reach £10.8bn ($17bn).

Microsoft has announced that its acquisition of Nokia’s devices and services business is complete

Nokia posts huge 2Q loss

The decline of the once largest handset manufacturer in the world, Nokia, is showing little sign of abating as the firm posted a net loss of €1.41bn in the second quarter quarter of 2012. The loss is almost four times as much as that made by the Finnish firm in the same quarter a year earlier (€368m loss). The firm also saw a 19 per cent year-on-year drop in net sales, down to €7.54bn from €9.28bn in 2Q11.

Blackberry has reported a $5.87bn loss for the fiscal year ended March 1st 2014

Ericsson sees 63 per cent drop in Q2 profit

Swedish equipment vendor Ericsson has seen its profit drop 63 per cent year-on-year in 2Q12. The bottom line figure stood at SEK1.2bn ($171m), compared with SEK3.2bn in the same period a year earlier. Notably, in 1Q12, the firm recorded $8.8bn in profit.

Nokia HQ

Nokia worries deepen ahead of quarterly results

Finnish phone manufacturer Nokia will shut down two of its four regional sales offices in China as part of its restructuring plans. The news comes in the same week that the firm has slashed the price of its flagship Lumia handset, and the news does not bode well for the company’s 2Q12 earnings announcement, due to be held on Thursday.

VEE has posted a year on year drop in revenue for the first quarter of 2014

ZTE gives first-half profit warning

Chinese infrastructure vendor ZTE has warned that its first half profit is on course to drop up to 80 per cent in 2012, blaming reduced investment income, losses from foreign exchange and a drop in domestic revenue. The Shenzhen firm said that its first-half net income for the year may be between 154m yuan ($24m) and 308m yuan, in a Hong Kong stock exchange filing. The firm recorded an income of 769.3m yuan in the same period last year.

BlackBerry, formerly known as RIM

RIM warns of operating loss

Embattled BlackBerry maker RIM has warned that it expects to post an operating loss in its fiscal first quarter.The firm said it has now has hired JP Morgan and RBC Capital to conduct a far-reaching strategic review and to look for partnerships, while also announcing plans to cut a “significant” number of jobs.

Ericsson predicts there will be 9.3 billion mobile connections by 2019

Handset sales drop for first time in three years

Global sales of mobile phones declined on a qurterly basis for the first time in nearly three years, according to research firm Gartner this week. The two per cent year-on-year drop between the first quarters of 2012 and 2011 marks the first time the market has weakened since the second quarter of 2009.

Sony has struggled since taking on full ownership of its handset business

Sony struggling with handset business

Following its acquisition of Ericsson’s 50 per cent share in Sony-Ericsson, Sony’s mobile unit has posted a staggering €1.15bn ($1.48bn) loss for the year ending March 31, 2012. This is in contrast to the €74m profit that Sony-Ericsson made a year earlier.

Blackberry has reported a $5.87bn loss for the fiscal year ended March 1st 2014

Telefónica profit drops by more than half

Despite seeing stability in revenue over the course of the first quarter of 2012, Telefónica has seen its net income plummet to less than half of what it recorded in the same period last year. Revenue for the quarter stood at €15.51bn, a 0.5 per cent increase on the €15.44bn generated in the first quarter of 2011, while net income fell 53.9 per cent from €1.62bn to just €748m.

T-Mobile USA's financials are recovering following the breakdown of its proposed takeover

Deutsche Telekom results: T-Mobile USA in recovery

Deutsche Telekom’s results for the first quarter of the year show that the operator group has seen more than a 50 per cent decline in net profit and a 1.1 per cent reduction in revenue. Net profit fell from €480m to €238m, year-on-year for the first quarter of 2012, while revenue fell to €14.4bn. Adjusted net profit fell 17 per cent year-on-year to €581m.

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