In a letter to accompany their earnings, which were announced this afternoon - the first since the unpopular announcement of a price rise, Netflix CEO Reed Hastings remained bullish on the firm's growth and value proposition.
While many mobile devices makers, such as Apple and Samsung, are seeing record sales and ever-increasing revenues, Canadian firm Research In Motion are in the midst of a pronounced downward slide, which has today seen them announce a management restructuring and large-scale redundancies totalling around 11% of their workforce.
Nokia has been having a hard time of it recently. The firm's floundering smartphone products have been almost completely eclipsed by efforts from Apple and Google, and now the once-king of the handset finds itself shedding marketshare at an alarming rate.
DigiTimes | July 12, 2011 | Chloe Yu, Adam Hwang
Chunghwa Telecom (CHT) on July 11 reported net profit of NT$4.278 billion (US$148 million) for June 2011, resulting in January-June net earnings per share (EPS) of NT$3.20.
Read the full article here via DigiTimes...
Oh how the mighty have fallen. One-time king of the social networks, MySpace, has finally been sold by owner News Corp for a rather paltry (rumoured) $30 million to advertising firm Specific Media. The amount is less than a third of the $100 million News Corp were hoping to recoup with the sale of the iconic social network, which paved the way for current social supremo Facebook.
In News Corp.'s quarterly earnings call yesterday there was good and bad news for the media giant - although mostly bad. TV revenues grew, movie revenues were reasonable, however Murdoch's online division, which includes the likes of MySpace and The Daily, lost a massive $165 million in the first three months of the year.
Hindustan Times | April 29, 2011
Research In Motion has sharply cut its quarterly profit forecast, citing sluggish sales of BlackBerry smartphones, which are facing security concerns in India and the Middle East as well as stiff competition from other mobile phone makers. The announcement,...
LIMA (Dow Jones)--Peru's largest telecommunications company, Telefonica del Peru SAA (TELEFBC1.VL), reported first-quarter net profit of 201.1 million soles ($70 million) compared with PEN154.7 million in the same period of the previous year.
The increase was due to reduced costs.
.....
Read full article here via Wall...
Hot on the heels of Google's earnings call at the beginning of the week, today was Apple's turn to publish their figures and, surprise surprise, they beat expectations and sold a whole load of bushed aluminium to mobs of doe-eyed consumers.
Yep, it's quarterly earnings season again. Google are usually first out of the gate with their numbers, and as expected they dished the dirt yesterday on the absolutely obscene amounts of money they've been making across the board. However the announcements were marred slightly by Google not managing to match analysts' forecasts.
Reuters | April 12, 2011 |Â Bharghavi Nagaraju
(Reuters) - India's top three technology firms are likely to post strong quarterly profit and indicate robust revenue growth for the year ending March 2012 as overseas clients boost technology spending in an improving global economy.
However, salary increases...
Finance News Network | March 6, 2011
M2 Telecommunications Group Ltd (ASX:MTU) has boosted its full 2011 financial year net profit after tax guidance by 20 per cent to $27.3 million.
In the year to 30 June earnings before interest tax, depreciation and amortisation is also...
Wall Street Journal | February 24, 2011 | Rogerio Jelmayer
SAO PAULO (Dow Jones)--Brazil's leading cellular operator, Vivo Participacoes (VIV, VIVO4.BR), on Thursday said its fourth-quarter net profit more than quadrupled due to improved operational performance and the reduction of its costs with depreciation.
Net profit...
Telefonica | February 25, 2011 | Press Release
At its General Shareholders’ Meeting, Telefónica will propose a 14.3% dividend increase for 2011, to €1.60/share, in line with the policy of increasing shareholder remuneration. The Group has set targets for 2011 with the aim of capturing growth in...
Reuters | February 24, 2011 | Stuart Grudgings & Maureen Bavdek
* Profits surge on lower depreciation, customer increase
* Net sales up 10.1 percent, subscribers up 16.5 percent
* EBITDA rises 20.9 percent from year ago (Adds analysts' expectations, investment plans)
RIO DE JANEIRO, Feb 24 (Reuters) -...
Reuters | February 24, 2011 | Stuart Grudgings & Maureen Bavdek
* Profits surge on lower depreciation, customer increase
* Net sales up 10.1 percent, subscribers up 16.5 percent
* EBITDA rises 20.9 percent from year ago (Adds analysts' expectations, investment plans)
RIO DE JANEIRO, Feb 24 (Reuters) -...
Wall Street Journal | February 22, 2011 | Shane Romig
Of DOW JONES NEWSWIRES
BUENOS AIRES (Dow Jones)--Telecom Argentina SA (TEO, TECO2.BA), one of the country's largest phone companies, saw its fourth-quarter net profit rise sharply on the back of higher broadband internet and wireless sales.
Telecom...
Wall Street Journal | February 10, 2011 | Gaurav Raghuvanshi
SINGAPORE—Higher revenue in its core markets of Singapore and Australia led Singapore Telecommunications Ltd. to post a small but better-than-expected increase in its fiscal third-quarter net profit.
SingTel, Southeast Asia's largest telecommunications company by revenue, said Thursday...
Wall Street Journal | February 10, 2011 | Gaurav Raghuvanshi
SINGAPORE—Higher revenue in its core markets of Singapore and Australia led Singapore Telecommunications Ltd. to post a small but better-than-expected increase in its fiscal third-quarter net profit.
SingTel, Southeast Asia's largest telecommunications company by revenue, said Thursday...
Bloomberg | February 10, 2011 | Robert Fenner and Chan Sue Ling
Telstra Corp., Australia’s largest phone company, posted earnings that missed estimates as it accelerated spending to win back customers from the second- ranked Optus unit of Singapore Telecommunications Ltd.
Net income fell 36 percent to...
Reuters | February 8, 2011 | Michael O'Boyle
* America Movil posts 4.7 pct drop in profits
* Surprisingly strong growth in new mobile subscribers
* Bigger stake helps lift Slim's wealth to about $75 bln (Updates with earnings results, estimate on growth of Slim's total wealth, rewrites...
Reuters | February 8, 2011 | Michael O'Boyle
* America Movil posts 4.7 pct drop in profits
* Surprisingly strong growth in new mobile subscribers
* Bigger stake helps lift Slim's wealth to about $75 bln (Updates with earnings results, estimate on growth of Slim's total wealth, rewrites...
BDNews24 | February 7, 2011
Bangladesh's largest mobile company has grown by over 14 percent in the last year. Profits have, however, fallen.
Grameenphone said it would have made more money if it did not have to subsidise operations.
The only mobile operator on the stock market...
Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento
* Net profit of 3.39 bln pesos below estimates
* EBITDA and revenues also miss, taxes higher
* Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers)
Billionaire Carlos Slim's  Telmex, Mexico's...
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