Samsung delivers record quarter on the back of chip demand
Samsung Electronics published its financial results of Q3 with highest ever revenue and second highest profit, driven by sustained high market demand for semiconductors.
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financial results
Non-wireless business propels Nokia to improve outlook
Nokia slightly improved its full-year outlook after delivering a healthy quarter, driven mainly by its network infrastructure and licensing business groups, partly offset by weakness in the mobile networks business.
Eurobites: MegaFon extends VoLTE services across Russia
Also in today’s EMEA regional round-up: Inmarsat accelerates the L-band; Finnfund boosts connectivity in Africa; it’s time we took a ‘woliday’.
Rakuten Mobile loss almost doubled in Q2
Operating loss incurred at Japan’s challenger operator increased by 85% in Q2 to reach $900 million, which the company attributed to aggressive investment in network rollout and rising roaming cost.
Sprint acquisition surges revenues at Deutsche Telekom
With Sprint now bolstering operations at T-Mobile US, the transatlantic business unit now accounts for 63% of total revenues at the German telecoms operator.
T-Mobile claims victory over AT&T but numbers muddy the waters
T-Mobile has stated it is now targeting Verizon’s crown with AT&T in the rear-view mirror, but the subscriber statistics don’t necessarily support the boasting.
3 Europe blames churn not COVID-19 for revenue decline
3 Europe’s parent company CK Hutchison has stated lower subscriber numbers in the UK and Italy is the cause of revenue decline in the European business, not the coronavirus pandemic.
Streaming looks good but Disney has to deal with 42% revenue decline
Disney’s streaming service and media networks held together the spreadsheets as COVID-19 ravaged the company’s financial results.
Activision Blizzard sees revenues leap 38% as gaming replaces the pub
Activision Blizzard is the latest company to report healthy financial growth through the coronavirus period as revenues jump 38%.
Liberty Global wears the bruises of COVID-19 in Q2 results
It could have certainly been worse, but it is impossible to avoid the lost revenues due to the coronavirus pandemic.
EA posts 20% growth thanks to global lockdown
Gaming has been one of the segments poised to profit from societal lockdown, and 20% year-on-year growth at Electronic Arts certainly qualifies.
COVID-19 demonstrates Silicon Valley power as Congress fights back
At a time where the influence of the internet giants is being challenged by the US Government, the champions of Silicon Valley have navigated turbulent times very prosperously.
Nokia share price jumps 13% on improved 5G prospects
Nokia CEO Rajeev Suri has boasted of improvements to the radio portfolio, as the team bumps up full-year guidance.
BT loses 7% of revenues to COVID-19
BT has reported its financial results for the three-month period to June 30, with the revenues taking a 7% decline due to the impact of the coronavirus.
Qualcomm hints Apple 5G launch might be delayed
Qualcomm has warned 2020 financials might be impacted by a customer delaying a flagship launch, suggesting Apple might be facing some issues of its own.
Telefonica reveals damage dealt by COVID-19 to financials
Most telecoms operators would have felt the pinch of the coronavirus pandemic, but it appears Telefonica is wearing bigger bruises than the majority.
COVID-19 takes 5% chunk out of Verizon revenues
Verizon has reported its financials for the second quarter with revenues declining 5%, a $4.9 billion reduction in debt offered some positivity to proceedings.
Twitter reports massive user growth, but revenues fail to follow
COVID-19 has been a difficult time to many companies, and Twitter has failed to buck the trend as the contraction of online advertising dollars shrinks the spreadsheets.
Microsoft predictably profits from remote working surge
If there was ever such a thing as a sure bet, Microsoft benefitting from the COVID-19 enforced lockdown period is as close as you could get.
Cellnex revenues surge after acquisition spree
Telecoms infrastructure giant Cellnex has reported a revenue jump of 48% following an aggressive acquisition spree over the latter stages of 2019 and early 2020.
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