While sales of Research In Motion’s brand new BlackBerry 7 devices won’t be reflected in RIM’s second-quarter earnings report next week, analysts still aren’t sold that the device launches have positioned RIM to rebound. In a note to investors on Thursday morning, RBC Capital Markets analyst Mike Abramsky wrote that he expects RIM’s earnings in the …
Apple’s popular iPad line will still dominate the consumer tablet market a full decade after its initial launch, according to one analyst. In a new report, Needham analyst Charlie Wolf sees the iPad’s share of consumer tablet shipments declining gradually over the next nine years to 60% in 2020. 60%, of course, is still an overwhelming …
Mobile data connections are poised grow 11% in 2011, driving global mobile data revenue to $314.7 billion. Market research firm Gartner on Thursday said mobile data connections will reach 5.6 billion this year compared to 5 billion in 2010, driving global revenue from mobile data up 22.5% from the $257 billion earned last year. “Mobile …
Samsung on Friday reported earnings for the second quarter of 2011 that showed a significant decline in profit despite modest revenue gains. Samsung’s revenue ticked up 4% year-over year to 39.44 trillion Korean won but its consolidated net income of 3.51 trillion won was a sharp 18% decline from the same quarter in 2010. The …
With just two smartphone models available for sale, Apple took in two thirds of profits from smartphone sales in the second quarter among the top eight vendors in the world. The news comes following Strategy Analytics’ confirmation that Apple is also the world’s top smartphone vendor by volume. Four of the eight major smartphone vendors …
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 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 …
Verizon Wireless products and services have been noticeably absent from RadioShack’s wireless portfolio, but that comes to an end this fall. The nationwide retailer on Tuesday announced an agreement that will finally see it begin to offer devices from the country’s top carrier on September 15th. At the same time, The Shack announced that it will stop …
Verizon Communications on Friday reported second-quarter earnings that topped the Street’s estimates, though it failed to match AT&T’s impressive wireless growth during the quarter. Revenue climbed to $27.5 billion in the June quarter, up 2.8% from the same quarter last year. EPS was up 6 cents sequentially to $0.57, a huge swing from the second …
Nokia CEO Stephen Elop on Thursday best summarized Nokia’s second quarter earnings: “our Q2 results were clearly disappointing.” The Finnish phone vendor saw operating profit slide a worrisome 44% to €391 million in the second quarter, down from 704 million in the first quarter and €660 in the second quarter last year. Revenue dipped 11% sequentially to …
