Financials
Financials
NII Holdings swings to surprise Q4 loss on higher costs
NII Holdings Inc. swung to a surprise fourth-quarter loss as higher operating costs masked revenue and subscriber growth. Looking ahead, NII forecast 2012 revenue of about $7.1 billion. Wall Street analysts currently expect revenue of $7.34 billion, according...
Financials
Nokia loses €1bn in Q4 2011
Nokia has suffered a large loss in its latest financial results, with the company’s operating profit dropping by €950 million in the fourth quarter of 2011. That’s a complete reversal of the situation in 2010, when the firm...
Financials
Apple announces profits have doubled
Apple has announced its latest financial results for the first quarter of fiscal 2012, the three months running up to the end of December 2011. We knew the results were going to be good, given the reports of...
Financials
Sony Ericsson falls back into red in Q4
Sony Ericsson blames tough competition and the effects of flooding in Thailand for slipping back into the red during 4Q11. The handset joint venture generated a loss of €207 million ($268.5 million) during the quarter compared to break...
Financials
Smartphone adoption boosts M1’s FY profit
Singapore's M1 has reported a 4.5% growth in 2011 profit to S$164.1 million ($127.4 million), largely as a result of an increase in smartphone using customers. The operator announced an 8.8% increase in operating revenue to S$1.06 billion,...
Financials
European Union sovereign-debt crisis having minimal impact on telecoms
Market research firm Infonetics Research today released excerpts from its third quarter 2011 (3Q11) 2G/3G/4G (LTE and WiMAX) Infrastructure and Subscribers report, which takes a comprehensive look at the mobile and wireless equipment markets, including vendor market share,...
Financials
Cloud Computing Services Market to Reach US$127 Billion by 2017
Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the Internet as a service. This arrangement, whereby companies can expand network capacity, and run applications directly on...
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