Mobile | featured news

Apple, Samsung Account For All Mobile Phone Maker Q1 Profits

Mobile Earnings

The evidence continues to mount that the mobile phone business is evolving into a two-horse race. It’s Apple, Samsung, and a host of desperate hangers on. In the first quarter, according to Raymond James analyst Tavis McCourt, Apple accounted for about 80% of all profits in the mobile phone business, with Samsung accounting for the rest. The two companies combined, he figures, had 74% of mobile handset industry revenues.

 

Foxconn International Stock Plunges on Profit Warning

Contract handset maker Foxconn International its loss in this year's first half to widen significantly from a year earlier as demand from major customers like Nokia weakened further in the period.

 

S&P cuts Nokia rating to junk

Standard & Poor's has cut its credit rating on Finnish cellphone maker Nokia to junk on expectations of lower sales, following a similar move by Fitch Ratings earlier this week.

 

New wireless subscribers down sharply at AT&T

At&T First Quarter Earnings

When Verizon Wireless started selling the iPhone, AT&T sounded a defiant note, saying that its customers would remain loyal. A year later, it's clear that the Verizon iPhone has crimped AT&T's stride. Verizon had little problem attracting new customers before it started selling the iPhone. In fact, it was the only wireless carrier that managed to keep up with AT&T's iPhone-fueled growth.

 

Nokia Posts Loss as Smartphone Sales Tumble

While the company's new Lumia line of smartphones is gaining traction, those using the older Symbian operating system have lost their appeal.

 

Malicious software infecting more Androids, and even Apple finds it’s not immune

Software Viruses

About two weeks ago, something shocking happened. Apple’s OS X, which has long been thought of as nearly impervious to malware or viruses, was hit with a big, nasty piece of malicious software called Flashback.

 

Prisons to block use of smuggled phones

Smuggled Phones

Global Tel Link, which supplies state lockups with pay phones, will install technology to disable cellphones, which have been used by inmates to run criminal enterprises, intimidate witnesses and organize attacks on guards. A private company has agreed to pay millions to install technology in California prisons to block Web searches, text messages and phone calls by inmates using smuggled phones.

 

Moody's downgrades Nokia debt to near junk

Moody's ratings agency downgraded Nokia's debt grade to near junk status on Monday, citing a sharp decline in first-quarter cellphone sales that led to a 35 percent fall in revenue.

 

Sony Unveils Plans to Revive Company

Kazuo Hirai said he would focus Sony’s resources away from its unprofitable television business and more toward mobile devices, cameras and games.

 

Bug hits new Nokia Lumia 900 smartphone

Nokia says that a bug is causing its latest smartphone to occasionally lose its data connection and is offering customers $100 (£63) in call credits. The Finnish manufacturer said a fix for the Lumia 900's "memory management issue" would be issued on 16 April.

 

Subscribe to this RSS topic: Syndicate content