Mobile Phone

Verizon Q2 2011: 2.2m new customers but iPhone 4 sales slow

Verizon Q2 2011: 2.2m new customers but iPhone 4 sales slow

Verizon has announced its Q2 2011 financial results, adding twice as many subscribers as AT&T managed and activating 2.3m iPhone 4 handsets. The carrier saw its consolidated revenue hit $27.5bn, up 6.3-percent compared to the same period a year ago, while wireless data revenues rose 22.2-percent and ARPU (the monthly average revenue per user) climbed 3.2-percent to $54.12. However, iPhone 4 sales slowed over the quarter in comparison to Q1 2011.

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Nokia’s Crutch is Broken

Nokia’s Crutch is Broken

Nokia's Q2 2011 financial results makes for just as uncomfortable reading as we expected. If there was ever any doubts that Symbian had seen its day, April thru June put pay to them. Nokia's entire smartphone range - the N8, C7 and E7 included - sold fewer devices than Apple sold iPhones in the same period: 16.7-million versus 20-million. It's not just the smartphone side of Nokia's business, though, that needs CPR.

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Nokia Q2 financials “clearly disappointing” says CEO Elop: €487m loss

Nokia Q2 financials “clearly disappointing” says CEO Elop: €487m loss

Nokia has announced its Q2 2011 financial results, with an operating loss of €487m ($692m) and net sales of €9,275m, down 7-percent from Q2 2010 and 11-percent from Q1 this year. "The challenges we are facing during our strategic transformation manifested in a greater than expected way in Q2 2011" CEO Stephen Elop said, with the half-billion euro loss in operating profit a significant fall from the €439m profit made in the previous three month period.

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Samsung warns of Q2 profit slump as LCD business dives

Samsung warns of Q2 profit slump as LCD business dives

Samsung has warned investors to expect a dive in Q2 2011 performance, with the revelation that - despite strong sales of smartphones, like the 3m-selling Galaxy S II - a slump in the LCD business would see profits drop year-on-year by as much as 1.51 trillion won ($1.42bn). The company has promised to reveal full details on July 29 when it releases a full earnings report, but analysts are already pointing to the similarities between the dire Q1 2011 performance and this latest quarter.

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Nokia’s $200m R&D ransom spawned a decade of paranoia

Nokia’s $200m R&D ransom spawned a decade of paranoia

A mass exodus of Nokia R&D engineers in 1997 led to the company paying $200m in what amounted to retainer bribes, newly released documents in Finland confirm today, with the company held to ransom by a surprise staff walkout. The paperwork reveals that product developer Jyrki Hallikainen persuaded 44 of his R&D peers to ditch Nokia and set up a new company with the help of Philips, Helsingen Sanomat reports, forcing then mobile phone chief Pekka Ala-Pietilä to open the company checkbook and sign off roughly $4.5m apiece in order to convince them not to leave.

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Nokia sells off Messaging service as Finns continue to slim

Nokia sells off Messaging service as Finns continue to slim

Nokia has scythed off another part of its business, selling its operator-branded messaging service - which provides email, IM and social networking systems to carriers including Verizon, AT&T and T-Mobile USA - to Synchronica, a mobile messaging specialist based in the UK. The deal will see Nokia hand over multiple contracts for the white label service, along with the Nokia Messaging source code for clients and servers.

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Shift away from landlines continues

Shift away from landlines continues

Everyone I know has a mobile phone of some sort. Even my grandmother and mom have one, even though they rarely answer the phones. When it comes to the segment of the population most likely to have and use smartphones it's the younger and tech savvy that are most often leaving the landline behind for mobile phones only. The latest FCC wireless communications report has been published and sheds a bit of light on the number of users leaving landlines behind.

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