EE gains 250,000 more contract customers ahead of 4G launch October 24, 2012 RISING numbers of people signing up to expensive long-term smartphone contracts have boosted EE, the owner of Orange and T-Mobile, ahead of its launch of the UK’s first high-speed “4G” mobile network. The company said 250,000 extra people had signed up to phone contracts in the July to September period, while it lost just under [...]
US corporate results round-up October 24, 2012 AT&T revenue disappoints AT&T posted third-quarter revenue below Wall Street estimates yesterday and added fewer customers than expected, citing a shortage of the latest Apple iPhone. While profit was better than estimated, analysts were disappointed with slowing customer growth, which showed it was rapidly losing ground to rival Verizon Wireless. AT&T’s profit rose to $3.64bn [...]
Apple has a little something for you October 24, 2012 Great things come in small packages As the name would suggest, the mini is small. How small? Try 7.9-inches. It’s 1.3-inches smaller than its older sibling and while it’s still larger its competitors, the bigger size allows for 67 per cent more screen usage compared to the Google Nexus 7 when browsing the web in [...]
Apple’s iPad mini fails to impress investors October 23, 2012 APPLE yesterday unveiled the much-anticipated iPad mini in a bid to protect its lead in the tablet market against threats from Amazon, Google, and Microsoft. The company also announced an updated, fourth-generation iPad just seven months after the previous version was unveiled, along with a host of updates to its computer lineup. However, Wall Street [...]
Nokia seeks €750m from bond issue to fund turnaround plans October 23, 2012 FINNISH mobile phone manufacturer Nokia yesterday said it would issue €750m (£609m) of convertible bonds, with the proceeds used to fund an ambitious turnaround plan. Nokia’s cash reserves have tumbled this year as the company – which was once the world’s biggest mobile phone manufacturer – continues to struggle in the face of tough competition from [...]
Record demand for smartphone chips lifts ARM October 23, 2012 ROCKETING interest in Apple products meant sales at chip designer ARM Holdings have increased by a fifth over the last year, sending shares in the Cambridge-based firm up more than 10 per cent yesterday. The company beat market expectations to see revenue hit £145m in the third quarter of the year, up from £120m in [...]
Rising turnover at Laird puts it on track to meet expectations October 23, 2012 ELECTRONICS firm Laird yesterday posted a 10 per cent increase in revenue for the three months to 23 October, as it said it was confident it could meet market expectations for the full year. Revenue came in at £133m, compared to £121m over the same period last year. Quarter on quarter, revenue for the components [...]
EE chief encouraged Apple to change iPhone 5 for 4G October 22, 2012 OLAF Swantee, the chief executive of Orange and T-Mobile owner EE, personally intervened to convince Apple and other smartphone manufacturers to make their devices run on EE’s new high speed “4G” network, Swantee claimed yesterday. The new EE service, the details of which were announced today, will be the first 4G network in the UK, [...]
US flat as macro fears offset by strong earnings October 22, 2012 THE Dow industrials and the S&P 500 ended flat yesterday after a late-day bounce, as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations. Technology shares led the day’s gains and pushed the Nasdaq up 0.4 per cent, as shares of Apple jumped four per cent to $634.03. Apple [...]
Apple to reveal new iPad mini in crucial week October 22, 2012 APPLE is set for a test of investor confidence over the next week as chief executive Tim Cook gears up to announce a new version of the iPad just two days before the company releases its annual results. The Californian firm last week sent out invitations to a special event scheduled for tomorrow. It is [...]