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.

Mobile operators worldwide are set to face a decline in revenue by 2018, according to Ovum

Everything Everywhere rues impact of MTR cuts

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.

Motorola's RAZR MAXX smartphone

Motorola Mobility quarterly loss deepens

Motorola Mobility has posted a loss of $86m in its first-quarter earnings for 2012. The loss is $5m deeper than the $81m loss the company made in the same quarter last year. The firm, which is on the verge of being acquired by Google, is still to post an annual profit, having recorded losses for the four years since it was established.

India's Bharti Airtel posts increases in revenue, but net profit was in decline

Bharti Airtel sees revenues rise but profit fall

Indian operator Bharti Airtel saw its net profit fall 29 per cent year-on-year to INR10bn from INR14bn ($189m), during its fiscal fourth quarter of 2011. This is despite seeing its revenue grow 15 per cent to INR187.3bn, up from INR162.9bn a year earlier.

2Q12 was the first full quarter that the iPhone 4S was on the market

Apple’s profit surges at operators’ expense

Despite operator frustrations at the huge markups they have to pay on iPhone devices, Apple’s momentum has not been suppressed and it has once again posted sharp year-on-year increases in revenue and profit in its latest quarterly earnings.

Vimpelcom is exiting Vietnam following a write down of assets

Vimpelcom to exit Vietnam

International operator VimpelCom is to exit the Vietnamese mobile market, selling its 49 per cent share of fifth placed mobile operator Gtel Mobile for $45m. VimpelCom, which is headquartered in The Netherlands, said the stake would be bought by GTEL Transmit and Infrastructure, “a related party” of Vimpelcom’s local partner, Gtel.


Quarterly results: TeliaSonera, Verizon and Qualcomm

Operators Verizon and TeliaSonera, as well as chipmaker Qualcomm have each posted encouraging quarterly earnings. US carrier Verizon saw a 7.7 per cent year-on-year in service revenues for 1Q12 to reach $15.4bn. Data revenues rose by 21.1 per cent, or $1.1bn, to hit $6.6 bin, and the operator also saw a 8.9 per cent increase in retail service revenues to reach $14.9bn; the highest growth rate it has seen in its retail business for three years.

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

Nokia posts €1.34bn Q1 loss

Nokia has announced an operating loss of €1.34bn for 1Q12, blaming “greater than expected competitive challenges and seasonality”. The Finnish firm posted net sales of just €7.4bn, down from the €10.4bn it posted in the first quarter of last year, in which it made €439m in operating profit.


Service provider revenues recover to hit $1.91tn

Communication service provider revenues passed the $1.91tn mark in 2011, compared to $1.79tn in 2010, due to a recovery in both fixed and mobile sectors according to figures from research house Ovum.

Sprint Nextel could file for bankruptcy within "the next four or so years", according to Bernstein

Sprint Nextel faces “very legitimate risk” of bankruptcy

US carrier Sprint Nextel is facing a “very legitimate risk” of filing for bankruptcy in the next four years, according to a financial analyst firm. The warning comes from Sanford C. Bernstein analyst Craig Moffett, who said that there is a 50 per cent chance that the operator could be forced to file for protection from creditors under Chapter 11 of the federal bankruptcy code.


What do you most associate with the Internet of Things?

Loading ... Loading ...