The wireless carrier, Verizon Communications, reported a healthy profit on Thursday. The revenue is mainly from the wireless business that made millions from the smartphone sales, services, and subscription that keeps growing steadily.
The company’s investors were reportedly very satisfied and happy with the results in spite of the communication company’s increase of smartphone plan prices and cutting down the unlimited data service these past few years. Customers just keep coming and subscribing and seems like they are more willing to spend now in their monthly bills.
According to analyst Tero Kuittinen of Alekstra, . . . → Read More: Verizon Wireless Reports Healthy Profit and Increased Share
Taiwan’s largest smartphone manufacturer, HTC, has reported their lowest quarterly revenue. According to analyst, this is due to the delayed release of their latest flagship smartphone, the HTC One, that caused the company not to reach their profit target.
In the first quarter of 2013, HTC’s net income decreased 2.8 million USD or 85 million NTD. This is the sixth plunged of revenue said HTC Corp. yesterday in their income report.
HTC’s preparations and getting people excited for the release of HTC One suddenly lost momentum when the company stumbled in some issues in . . . → Read More: HTC Corp Hits Record Low Revenue in the First Quarter of 2013
Chinese PC manufacturer Lenovo has reported better-than-expected incomes for the first quarter on upper overseas and commercial sales.
Lenovo said net income was $108.8m (£65.8m) for the three months to the last part of June, a 98% flow compared with the same period last year.
The surge was driven by rising markets, with a 46% hop in consignments.
The newest numbers helped Lenovo turn out to be the third biggest PC vendor of the world by total shipments.
Liu Chuanzhi, chairman of Lenovo said, “Our business continues to climb and . . . → Read More: Higher Overseas Sales Causes Lenovo Profit to Nearly Double Up
A surprise loss was reported by the Japanese gaming giant Nintendo, hit by weak sales of its new 3DS handheld game player.
A net loss of 25.5bn yen for the April to June quarter, which is equivalent to $324m, £201m, was reported by the company compared with a loss of 25.2bn in the previous year.
Nintendo now expects a net income of 20bn yen, losing 82% from its previous estimate for the year to March 2012.
The cost of the 3DS console was slashed sharply in Japan and the US.
. . . → Read More: Weak 3DS Console Sales Affect Nintendo Revenue