Fri, 27 Jan 2012 06:10:07 +0100 Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of smartphone sales even as the company battled claims it had copied Apple's iPhone. (Source: Associated Press)
Fri, 27 Jan 2012 04:10:14 +0100 SEOUL (Reuters) - Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to pull further ahead of smaller rivals. The South Korean firm, the world's top technology firm by revenue, is locked in breakneck competition with Apple Inc in the red-hot smartphone market, and said its telecoms business earned a record 2.64 trillion won profit in October-December on increased sales of its flagship Galaxy smartphones. ... (Source: Reuters)
Thu, 26 Jan 2012 14:10:14 +0100 Swedish cheap-and-chic fashion giant H&M on Thursday posted a 2011 net profit down 15 percent from a year earlier amid higher cotton prices, but expressed optimism for 2012 despite the difficult economic climate. (Source: AFP Relax News)
Thu, 26 Jan 2012 11:00:09 +0100 Japanese telecom operator KDDI said Thursday net profit for the December quarter fell 17 percent on falling income from voice calls but raised its full-year revenue outlook thanks to iPhone 4S sales. (Source: AFP)
Wed, 25 Jan 2012 09:10:12 +0100 STOCKHOLM (Reuters) - World No.1 mobile gear maker Ericsson saw its profit halve in the fourth quarter as the global economic slowdown hit demand for new equipment, and forecast network operators would remain cautious on spending in the months ahead. Telecoms operators invested heavily through most of 2011 to upgrade networks to cope with surging data traffic from smartphones and tablets, but a slowdown had been expected, particularly in the United States. ... (Source: Reuters)
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