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Nokia Q2 Earnings Up By 15 Percent

Posted on July 22nd, 2005 | Discussion: Comment this story

Nokia reported increased earnings by 15 percent in the second quarter of 2005. The company also discussed the increased market share in mobile devices.

Nokia said it sales climbed to 60.8 million phones in the second quorter. In comparason, Nokia sold 45.4 million a year ago during the same quarter. China sales increased by 76 percent. The North American market showed weakness with a 22 percent drop in sales with only 6 million phones sold.

Report summary:

  • Net income of $970.8 million, 15% above the same period last year
  • Revenue rose 25%
  • 60.8 million mobile phone units were shipped
  • Sales in North America fell by 22% while China saw an increase of 76%

Cingular profits down

Posted on July 21st, 2005 | Discussion: Comment this story

Cingular reported narrower second quarter earnings associated with a one time charge, the merger with AT&T Wireless. The merger was completed in October 2004 with a total merger integration cost of $204 million during the quarter.

Cingular, United States largest wireless company, successfully added 1.1 million new subscribers in the same quarter, briniging the number of total subsribers to 51.6 million.

Reported Q2 numbers:

  • Revenue 8.6 billion, 5.4 percent increase from the same quarter a year ago
  • Total earnings excluding the cost of the merge $317 million
  • Total earnings including the cost of the merge $147 million, 56.6 percent decline from the same quarter 2004

Mobile sales expected to reach 1 billion a year

Posted on July 20th, 2005 | Discussion: Comment this story

According to predictions by Gartner research firm, mobile phone usage will be as high as 2.6 billion around the world by the end of 2009.

779 million mobile handsets are expected to be sold this year.

Sales of smartphones will grow at the fastest pace; 50 million units are expected to be sold this year and 280 million units by 2009, according to Gartner.

A smartphone is any handheld device that has built in capability to manage personal information and mobile phone capability (a PDA and phone in one).

Motorola Profits Up 53 Percent

Posted on July 20th, 2005 | Discussion: Comment this story

Motorola reported second-quarter 2005 earnings at a 53 % increase. Net profits rose sharply to $933 million. For the same quarter a year ago, Motorola reported a net loss of over $200 million. Most of the growth was attributed to the mobile devices devision. Mobile sales grew to $4.9 billion, shipping 33.9 million cell phones. Currently, Motorola has an 18.1 percent share of the global market.

Most of the success is due to sales of cool design phones, like the RAZR V3 phone.

Sprint and Verizon signed mobile gaming deal with Electronics Arts

Posted on July 19th, 2005 | Discussion: Comment this story

Electronic Arts video games develped for small screen devices will be distributed to Sprint and Verizon phones. As part of the deal, Electronic Arts anounced releases of popular titles like “Tiger Woods PGA Tour 2006″, “Madden NFL 06” and “Poppit!”.

EA games will be available in the Game Lobby by Sprint and in the Get It Now section for Verizon Wireless customers.

Verizon and Sprint launch MMS interoperability

Posted on July 18th, 2005 | Discussion: Comment this story

Verizon Wireless and Sprint started sharing MMS message on Saturday. Initial MMS adoption has been slower than expected do to the lack of interoperability (users across carriers can not trade messages, unlike with SMS – Short Message Service / text messaging). Earlier this month T-Mobile USA, Sprint and Cingular all announced joint-interoperability initiative.

According to Verizon Wireless, nation-wide compatibility will likely happen this summer.

MMS (Multimedia Messaging Service) is a new standard that allows mobile phone users to send short messages associated with media content (images, audio clips, and ultimately video clips) to other mobile users or to/from any regular email address.

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