News

Vodafone returns to revenue growth

Vodafone returns to revenue growth

Vodafone has reported quarterly service revenue growth for the first time since the global recession thanks to a strong showing in its emerging markets and a surge in data revenues from its smartphone portfolio. In its fiscal first quarter (ended 30 June), total service revenues on an organic basis grew 1.1 percent to £10.6 billion. The results comfortably beat most analysts' expectations, which guided for a decline.

(23/07/2010 01:00)
Read

Declining sales hurt Ericsson in Q2

Ericsson – the world’s largest mobile network vendor – continues to be affected by a cautious market as it posted an 8 percent decline in second-quarter sales and net income that missed analyst expectations.

(23/07/2010 01:00)
Read

Nokia's Ovi Store downloads top 1.7M per day

Nokia used its disappointing set of second-quarter results yesterday to proclaim that its Ovi Store is proving a success, attracting an average of more than 1.7 million downloads a day.

(23/07/2010 01:00)
Read

Amazon makes US$1B per year from mobiles

Amazon announced today that its revenue from mobile sales has passed US$1 billion per year – most of which came from smartphones, notably the iPhone

(23/07/2010 00:00)
Read

Verizon to drop unlimited packages this month?

Various reports suggest that number one US operator Verizon Wireless could move to tiered data pricing as early as next week

(23/07/2010 00:00)
Read

Skype drops 3G call charges

VoIP firm Skype has quietly abandoned plans to charge for Skype calls over 3G networks with the latest version of its mobile client for the iPhone

(23/07/2010 00:00)
Read

Baidu eyes mobile partners, IPO

Chinese Internet search giant Baidu is in talks with mobile handset makers that use rival Google's Android operating system about embedding a Baidu search box on their phones

(23/07/2010 00:00)
Read

STMicro shares fall on JV fears

Shares in chipmaker STMicroelectronics fell today as losses at its ST-Ericsson joint venture offset the second-quarter profit and stronger-than-expected sales forecast it published overnight

(23/07/2010 00:00)
Read

LG ramps up investment in mobile displays

South Korea's LG Display said Thursday it will invest about KRW618 billion (US$512 million) to expand production of mobile displays used in smartphones and tablet PCs to meet robust demand

(23/07/2010 00:00)
Read

Safaricom CEO to retire

Kenyan mobile operator Safaricom's CEO Michael Joseph is set to retire from 1 November

(23/07/2010 00:00)
Read