Profits & Losses: July 2008 Archives

Verizon announced Q2 earnings which increased 12% with substantial data growth up 45.3% over last year. Revenues reached $1.88 Billion.

 Retail data customers in June totaled 49.6 million-boosting revenue by $2.6 billion. Other interesting facts about Verizon in Q2:

• 70 billion text messages were sent
• 1.4 billion picture/video messages were sent
• 36.5 million music and video downloads
• 60 percent of its customers have 3G broadband-capable devices
• Overall subscribers reached 68.7 million
  

AT&T's net profit is up 30% due to an increase in wireless data renvenue (up 52%) while the company added 1.3 million new wireless subscribers. 

 Meanwhile Verizon added 1.5 million new subscribers in Q2.

• Nokia net sales of EUR 13.2 billion, up 4% year on year and up 4% sequentially (up 11% and 7% at constant currency).
• Devices & Services net sales of EUR 9.1 billion, down 1% year on year and down 2% sequentially (up 6% and 1% at constant currency).
• Nokia Siemens Networks net sales of EUR 4.1 billion, up 18% year on year and up 20% sequentially (up 26% and 23% at constant currency).
• Services and software net sales of EUR 119 million, up 42% sequentially.
• Nokia operating cash flow of EUR 1.5 billion.
• Estimated industry mobile device volumes of 303 million units, up 15% year on year and up 3% sequentially.
• Nokia mobile device volumes of 122 million units, up 21% year on year and up 6% sequentially.
• Nokia mobile device ASP of EUR 74, down sequentially from EUR 79 (approximately 40% of the decline was caused by the impact of exchange rate movements).