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Verizon is staking its earnings on data services, despite slumping margins from discounted iPhone sales. The Basking Ridge, N.J.-based carrier’s profits diminished despite signs of growth. On one hand, the company signed up 1.2 million wireless users, but the company posted losses spurred by increased expenses, disappointing shareholders. Most new subscribers chose the iPhone, which [...]
Posts Tagged ‘Profit’
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Google Spends Profit to Push Google+, Android
January 20th, 2012 
admin Google’s high spending offset major gains in revenue and subscriber numbers, casting a shadow as the search giant stakes its reputation on expansive future projects amid legal woes. Google’s revenue increased 29 percent in 2011, and Google+ doubled its membership numbers. The numbers beat earnings reported in last quarter’s successful showing, coming in at over [...]
Scammers Profit From Steve Jobs’ Death
October 7th, 2011 admin Scammers are taking advantage of Steve Jobs’ death, offering mourners everything from funeral tickets to free iPads, in an attempt to prey on people’s gullibility to turn a profit. One such scam invites hapless victims to “Win 1 of 15 MacBook Pros in Memory of Steve Jobs,” while another offers “Photos of the Funeral and [...]
Motorola Profit Drops on Xoom Price Cut
August 3rd, 2011 admin Motorola’s price cut on its Xoom tablet may help it compete in the tablet market but may also cut into the company’s third-quarter profits, company officials warned after it announced its recent second-quarter loss. Earlier this month, Motorola dropped the price of its Wi-Fi Xoom tablet to $500 from $800 after it experienced sluggish sales [...]
Motorola Looks to Profit From Patents
July 23rd, 2011 admin Carl Icahn, Motorola’s largest shareholder, is urging the company to explore its extensive patent portfolio, as the mobile industry’s increasing preoccupation with patents sparks renewed value in copyright holdings. Icahn initiated talks with Motorola to explore alternatives regarding its patent holdings in an effort to enhance stockholder value, according to details from a regulatory filing. [...]
Verizon Gets Profit Boost on IPhone
April 22nd, 2011 admin Verizon’s iPhone helped to more than triple the company’s profits this quarter, as the company bolsters its 4G network. The Basking Ridge, N.J.-based company has sold 2.2 million iPhones since the device went on sale in February, helping fuel the company’s net income of $1.4 billion and raising revenue 10 percent to $16.9 billion. The [...]
Android Helps Boost HTC Profit Surge
April 9th, 2011 admin HTC is raking in profits on Android smartphones, which have quickly reshaped the mobile market with their explosive growth. The Taiwan-based maker of the Android-based Droid Incredible, Droid Eris, Desire and Hero, surpassed revenue for the first three months of the new year by making $513 million. The rising popularity of Android-based phones like its [...]
IPhone Drives Profit Surge at Toshiba
February 1st, 2011 admin The rapid growth of the iPhone and iPad has reversed the losses at Toshiba, a major component supplier to Apple. The Tokyo, Japan,-based component supplier saw quarterly profit double, thanks largely to its NAND flash memory and touch-sensitive LCD screen business, which it sells to Cupertino, Calif.-based Apple. As a result, Toshiba turned a $151 [...]
Samsung Posts Record Profit, Propelled by Galaxy Products
January 29th, 2011 admin Samsung today reported a record fourth-quarter profit from strong demand of its high-end smartphone and tablet devices. The South Korean company said it sold over 80 million phones in the October-December period, a rise of 17 percent from a year ago. Singling out the success of its flagship phones, over 10 million Galaxy-branded smartphones have [...]
Apple Posts Record Profit, Fueled by IPhone, IPad
January 19th, 2011 admin Apple today posted a record profit, buoyed by strong iPhone and iPad sales, reassuring investors that the company could thrive as chief executive Steve Jobs takes a medical leave. The Cupertino, Calif.-based company said sales climbed 71 percent to a record $26.7 billion as customers snapped its newly launched iPhone 4, iPad and MacBook Air [...]
