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losses

Sprint reports big Q2 loss as it sheds 101,000 postpaid subs

July 28th, 2011

Sprint on Thursday reported greater than expected losses in the second quarter despite modest revenue growth. The nation’s No. 3 carrier pulled in $8.3 billion in its June quarter, up 4% from the same quarter a year prior, but it wasn’t enough to bring the company back into the black. Sprint’s net losses in the …

LG revenue hits $13.3B in Q2 on strong TV sales; mobile biz grows, still not profitable

July 27th, 2011

LG on Wednesday reported second-quarter earnings that showed notable growth, though the consumer electronics giant still hasn’t found a way to return its mobile business to profitability. The company’s revenue for the quarter reached KRW 14.4 trillion (U.S. $13.3 billion), up 9.3% sequentially. Following two straight quarters of losses, LG reported a net profit of KRW 108 …

Sony Ericsson reports Q4 losses, but is slowly picking up the pace

January 23rd, 2010

Things aren’t looking so pretty at Sony Ericsson as the handset maker a little while ago posted its fourth-quarter earnings showing a loss of $270 million, pre-tax. Of course, this should come as no surprise to anyone since SE’s earnings reports the past few quarters, six to be exact, were just as disappointing. The company …

Rogers to implement EIR theft deterrent system beginning today

March 6th, 2009

As sad as it is, it should be no surprise to anyone that theft is a pretty regular occurrence in the electronics industry. Though most mobile retailers take plenty of measures to prevent losses, it’s not possible to keep it from happening 100% of the time. When you’re dealing with third-party retailers and authorized dealers …