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- Verizon revenues exceed estimates on data, contracts
Verizon Communications increased revenues by 5.7% in the fourth quarter, beyond analysts' estimates, as wireless sales soared by 9.5% due partly to the introduction of shared-data pricing plans. The carrier had earlier said that postpaid subscribers -- those with contracts -- would grow by 2.1 million, almost double the gains of a year ago, with 87% of those coming from smartphones. Overall, Verizon added 2.24 million wireless customers, pushing its total to 98.2 million, a 6.6% increase from 2011. Overall, losses widened largely due to a one-time charge for pension funds and other restructuring as well as the fallout from Hurricane Sandy. The Verge
(1/22), The Wall Street Journal
(1/22)      
| Company News | | |
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- Samsung arm eyes corporate, gov't clients with Fixmo stake
Looking to make inroads into business and government smartphone clients traditionally served by Research In Motion, Samsung Electronics has acquired a "small" stake in Fixmo via its Samsung Ventures investment arm. "Samsung is getting very serious about taking on RIM in their own backyard, in government and enterprise," Fixmo CEO Rick Segal said in an interview. Bloomberg Businessweek
(1/22)
- Momentum fuels RIM on BB 10 apps, analyst optimism
Research In Motion continues to ride a resurgent wave the week before it is scheduled to introduce the BlackBerry 10 operating system. The company received 19,000 applications from developers over the weekend -- that's on top of the 15,000 the previous week -- which led RIM to extend its app submission deadline to Feb. 18 as part of a developer incentive program. Separately, a Byron Capital Markets analyst praised RIM and CEO Thorsten Heins for executing "very strongly" on the launch of BB 10 as well as for the company's strong balance sheet. The Verge
(1/21), Total Telecom Magazine (U.K.)/Toronto Globe and Mail
(1/22)
| Wireless World | | |
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- LG going global for Optimus G following strong sales
Bolstered by solid demand for the handset in its initial launch markets, LG Electronics said Monday that it will introduce the Android 4.1-powered Optimus G smartphone in an additional 50 countries this month. An Australian Internet site said Telstra will begin to market the 4.7-inch phone exclusively in March. LG, which first launched the Optimus G in the U.S., Europe and its home South Korean market in the fall, has touted the 4G phone's Long-Term Evolution technology as a major feature. Digital Trends
(1/21)
| Technology | | |
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- NFC finds niche beyond powering mobile wallets
Near-field communication technology is finding other uses beyond powering mobile payments, from completing wireless handshakes to helping share information between devices. "NFC plays a very valuable role in simplifying user interfaces for consumer products," said Scott McGregor, CEO of chipmaker Broadcom. CNET
(1/21)
- ARMs race: Intel will target mobile with $13B R&D budget
Intel revealed it will spend $13 billion on research and development this year, nearly 30% more than it spent in 2012 and significantly higher than analyst estimates of $10 billion. The chipmaker is trying to catch up with competitors who base their chip designs on cores supplied by ARM Holdings, which leads the global market for mobile processors, Romain Dillet writes. TechCrunch
(1/21)
| Trends & Research | | |
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- Report: Capex will fall by 7% globally but rise in North America
Global carrier spending will decline by 7% this year to $98.6 billion although the outlook is brighter in North America, where investment will rise by 2.1%, ABI Research estimates. The firm cites a reluctance by some carriers to spend money among economic uneasiness and a maturing network, but in North America, accelerated spending on 4G infrastructure is expected to spark modest growth. ABI also predicts that global capital spending will rebound to a 6% increase in 2014 due to 4G investments. TelecomEngine.com
(1/21)
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