Recent Entries in Profits & Losses
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LG Profits from Touchscreen and QWERTY Phones
LG Electronics (LG) announced their earning here's what they released regarding their mobile arm.The Mobile Communications Company reported KRW 5.140 trillion (USD 3.981 billion) in sales, 25.8 percent higher than the previous year, and operating profit of KRW 545 billion...
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AT&T Sold 1.9 Million iPhones added 2.1 Million Subs in Q4 2008
T&T reported that revenues grew in in 2008, and it expects 2009 will be another year of overall revenue growth and solid progress Consolidated revenue growth was driven by 13.2 percent wireless growth. "During the past year, we took major...
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Increased Data Revs in Q4 and More that 45.5 Million 3G Devices at Verizon Wireless
Verizon has announced its 2008 fourth quarter results. Verizon Wireless' revenue increased 12.3% for the fourth quarter because subscribers increased their spending on text messaging and Internet services by 41% compared with the same period a year earlier. There official...
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Apple Monetizes iPhone Over 4.363 Million sold in Q4 2008
Apple is still making profits. In the fourth quarter of 2008 it sold 4.363 million iPhones. Quarterly iPhone units sold were 4,363,000, representing 88 percent unit growth over the year-ago quarter. Apple's Q1 profits were $1.61 billion up from $1.58...
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Moto Changing OS and Staff
According to the Wall Street Journal, Motorola is getting ready to make some changes in its mobile division including:Cutting jobsFocusing on Android as the operating system for its showcase phones.Motorola is still the top supplier of cell phones in the...
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Verizon Added 1.5 Million Cell Phoner with a 42.5% in Data Revs
Although Verizon's landline business was down, it earned $1.67 billion in its latest quarter, a 31% rise from last year. Verizon Wireless added 1.5 million cell phone customers to bring the total wireless customers to 70.8 million.The mobile division had...
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T-Mobile Growth Slow, US Cellular Data Up, Metro PCS Flat-Rate Gains
Q2 profits are stats were released for many of the cellular carriers. T-Mobile USA subscriber growth was slow in Q2 this year. It added only 668,000 net new customers in the second quarter, making its total subscribers 31.5 million....
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Verizon Profits Data Shows Greater Data Profits
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:...
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AT&T and Verizon Increase Subscribers
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....
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Nokia Increases World Market Share to 40%
Nokia released new 2008 Q2 data and its global market share for handsets is at 40 percent, up from 38 percent a year ago. Other data:Nokia net sales of EUR 13.2 billion, up 4% year on year and up 4%...
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1.06 Million Sprint Suscribers Less in Q1
Sprint's figures are in and wireless business showed 52.8 million total subscribers at the end of Q1, a loss of 1.06 million subscribers."As expected, our wireless business delivered weak financial results," Sprint CEO Dan Hesse said. "While the business...
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AT&T Wireless Revenue Increased to $11.8 Billion in 1st Q
AT&T announced that it delivered strong wireless growth in the first quarter, reflecting the company's high-quality network, innovative services, attractive handset selection, extensive sales reach and continued improvements in operations. First-quarter 2008 results included: Accelerated Wireless Revenue Growth -Total wireless...
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Verizon's CEO Paid $20.3 Million in 2007
It pays to be the CEO of a major telecommunications carrier. AP reports that Ivan Seidenberg, CEO Verizon of received $20.3 million in compensation in 2007, up slightly from $20.2 million the year before, according to record filings.Seidenberg’s bonus was...
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Clearwire Increases Subscribers, Revenue and Losses
Clearwire Corporationy reported financial and operating results for the fourth quarter and year ended December 31, 2007. Clearwire reported a 48% increase in revenue, as well as a $83.1 million loss, during the fourth quarter, making analysts suspect a deal...
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Virgin Mobile has 5 Million Customers & Stiff Competiton.
Virgin Mobile USA selected preliminary subscriber information and financial guidance for the fourth quarter and full year 2007. In the fourth quarter 2007, the Company expects to report net customer additions of approximately 210,000, bringing the total number of net...
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T-Mobile Mobilizes for Profit
T-Mobile USA increased mobile phone subscribers by nearly a million in the fourth quarter. T-Mobile USA announced it added 951,000 subscribers in October to December, giving it 28.7 million by the end of 2007 which is up 14.6 percent from...
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Verizon Wireless Up but Landlines Down
Verizon Wireless profits and subscribers were up in fourth quarter 2007 while landlines decreased. Verizon had a 10.6 percent drop in consumer lines due to stiff competition. Verizon lost 875,000 phone lines in the quarter, including 476,000 primary home-phone lines,...
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Nokia Takes 40% of Mobile Phone Market
Nokia had a very good year also reporting: 34% increase in revenue. 27% jump in handset shipments during the fourth quarter of 2007. 40% market share selling 135.5 million handsets. 44% increase in its fourth-quarter profit. Operating profit for the...
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AT&T Subscribers and Income Soar
AT&T had a very good year end: It added nearly 2.7 million wireless subscribers ending 2007 with 70.1 million subscribers. ARPU was up 2 percent to $50.28. 16.3 percent increase in total wireless revenues Data revenues increased 57.5 percent over...
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Sprint Cuts 4K Jobs and 8% of Stores
Sprint announced initial plans to streamline its business with reductions across the company including approximately 4,000 internal positions and reduced use of outsourced services. The company also expects to eliminate more than 4,000 third-party distribution points and to close approximately...
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Qualcomm Up and Down
Qualcomm Inc. reported that its fiscal fourth-quarter earnings nearly doubled because of the demand for chips that power high-end cell phones,. Unfortunately, Qualcomm cut its annual forecast because a patent dispute with Nokia Oyj may reduce technology licensing sales. Revenues...
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T-Mobile Reports Lots of Customers, ARPU and Profits
At the end of the quarter, T-Mobile reported it had almost 28 million customers, adding 857,000 net new customers during the quarter. T-Mobile USA also reported ARPU of $53 in the quarter, up from $52 in the third quarter of...
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Sprints 3Q Profits Down Due to Wireless Flight
Sprint Nextel, announced that its profits were down due to lower contributions from its wireless business. The company reported a net decline of 60,000 total wireless subscribers in the third quarter. “Our third quarter results reflect mixed performance as we...
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Better Profits for Verizon in 3Q 2007
Verizon in its 3Q2007 announcement stated that it has added 1.6 million customers wireless customers and a 14.4 percent increase in total wireless revenues even with its stiff competition from AT&T the exclusive seller of the iPhone. “Our third-quarter results...
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AT&T Revenue Up Due to Wireless
AT&T reported a net wireless subscriber addition of two million making its total base to 65.7 million. It also reported activating 1.1 million iPhones since its launch in late June. Its increase in profits is attributed to wireless and broadband...
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Alltel Tells All, "Revenue & Subscribers Increase"
Alltel announced a great 3rd quarter, adding 205,000 subscribers and surpassing $2 billion in quarterly wireless service revenues for the first time.Highlights of their wireless gains include:Average revenue per wireless customer (ARPU) was $55.96, a 4 percent increase from last...
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