2011 News, page 2

Sony blames Q1 net loss on earthquake, economy

Sony reported its fiscal first quarter results on Thursday and recorded a net loss of 15.5 billion Yen ($198.7 million). The company attributed the loss to the earthquake that struck off the coast >>

Microsoft reports blow-out Q4, record year on Xbox sales

Microsoft released its fiscal fourth-quarter earnings on Thursday and noted that its revenue of $17.73 billion was greater than any other fourth quarter in the company’s history. The Redmond-based firm also reported $69.94 >>

China Telecom to offer iPhone this year

China Telecom will offer the iPhone to its 106 million subscribers this year, Reuters reported on Wednesday. China Unicom has been the exclusive iPhone seller in the country since 2009, but China Telecom >>

LG cuts full-year smartphone sales forecast by 20%

On Thursday LG’s Park Jong Seok, head of the mobile phone business, announced that his company is cutting its full-year smartphone sales forecast by 20% and now expects to sell 24 million smartphones >>