The iPhone appears to be pulling its fair share at Sprint Nextel. Sprint sold 1.5 million iPhones in the first quarter of 2012, 44 percent of which were new customers.
And while the total number of customers on the Sprint platform grew almost 4 percent sequentially, including 263,000 postpaid net subscriber additions, 870,000 prepaid net subscriber additions and 785,000 wholesale and affiliate net subscriber additions, the company couldn’t manage to cut its losses altogether.
Rogers posts Q1 revenue of $2.95B
Rogers Communications is reporting a slip in revenue and profit for the first quarter of this year in the face of fierce competition in its cable and wireless divisions.
Adjusted profit came in at $356 million, down from $423 million in the same quarter last year. Revenue also came in slightly lower at $2.95 billion, compared with $2.99 billion in the same period in 2011.
Analysts had estimated revenue of $3.05 billion for the first quarter of fiscal 2012.
Ericsson’s profit doubles on smartphone unit selloff
Ericsson managed to double its first-quarter profits despite slumping sales after its divestiture of its smartphone business buoyed its bottom line.
The Swedish infrastructure manufacturer said the sale of Sony Ericsson to co-parent Sony added $1.14 billion to its profits, bringing net income to $1.3 billion from $608 million last year.
Sales dipped 4 percent year-over-year to $7.5 billion as operators planning to move to LTE cut back spending on legacy CDMA networks.
LG Electronics returns to profit on mobile, TVs
LG Electronics posted its first profit in three quarters, beating expectations thanks to a revival in its mobile business and demand for high-end TVs.
The South Korean company Wednesday reported net profit of 243 billion won ($213.3 million) for the January-to-March period. It had a loss of 15.8 billion won ($13.9 million) a year earlier.
Overall, sales fell 7 percent from a year earlier to 12.2 trillion won ($10.7 billion), but increased smartphone sales and strong demand for premium TVs in its home market shored up LG's earnings.
Report: Mobile space will help DPI market hit $2B by 2016
Spurred on by the build-out of LTE networks, the deep packet inspection market is projected to reach $2 billion in revenues in four years.
Google launches storage service for personal files
Google is hoping to build the world's largest digital filing cabinet in the latest attempt to deepen people's dependence on its services.
The Internet search leader began its pursuit of the audacious goal Tuesday with the much-anticipated debut of Google Drive, a product that stores personal documents, photos, videos and a wide range of other digital content on Google's computers.
Epix adds original programming to its video mix
Multi-platform video vendor Epix will be serving up its own original programming, including documentaries, movies, comedies and sporting events, over the summer and fall.
Prior to its foray into creating its own content, Epix was known as a movie channel that offered Hollywood titles, classic feature films, original series and comedy specials from Paramount, MGM, Lionsgate and other studios.
Apple stock soars 10% on Q2 performance
Apple’s stock gained back much of the 12 percent loss it suffered in the previous weeks’ nose dive after the company reported Tuesday $39.2 billion in revenue and sales of 35.1 million iPhones in its fiscal second quarter.
Prior to the company’s earnings announcement, shares of Apple were trading at $560, but they rose more than 9 percent in after hours to $613.
R&D Product Development Innovation Summit – Sept. 25-27, 2012
The ability of top managers and professionals to direct and manage innovation in their companies is the focus of the 11th R&D Product Development Innovation Summit.
The Innovation Summit will be held Sept. 25-27 in Boston. The Innovation Summit is a fact- and data-driven, three-day seminar and workshop focused on the select areas of innovation and intellectual property that are tangible and actionable by corporations and their managers.
Wireless standards groups agree on home networking goals
Several standards organizations – all largely associated with telephone carriers – said they will work together to assure connectivity in home networks.
The Broadband Forum, DECT Forum, Home Gateway Initiative (HGI), Open IPTV Forum, Open Mobile Alliance and Small Cell Forum recently held a workshop to investigate shared issues and opportunities to enhance support of services in the home.