HTC reported its first quarterly net loss since going public in 2002 as its flagship HTC One has so far failed to revive the struggling brand in the face of fierce competition from Apple and Samsung. The Taiwanese handset maker said Thursday it recorded a net loss of NT$2.97 billion ($101 million) in the three-month …
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Samsung predicts record operating profit of $9.3B in Q3
Samsung expects to post a record operating profit of 10.1 trillion won ($9.3 billion) in the third quarter, as an expected rebound in its semiconductor business offsets smartphone market saturation fears. In guidance issued Thursday ahead of a full financial statement later this month, the electronics giant said its operating profit would come in between 9.9 trillion and 10.3 trillion …
Read More »Target follows Walmart with launch of prepaid mobile service
Target announced Wednesday that it will launch its own brand of prepaid mobile services this weekend, following the lead of rival retailer Walmart. Beginning Sunday, consumers will be able to sign up for Brightspot, which will offer unlimited talk and texting on T-Mobile’s nationwide 4G network for $35 a month, the company said in a company blog post. For another …
Read More »BlackBerry said to be looking to sell its office space, too
Now that BlackBerry has effectively sold itself to investors, the beleaguered handset maker is reportedly looking to unload property as well. The smartphone maker, which owns 20 buildings in Waterloo, Canada, has entered confidential discussions with real estate firms in an effort to get the greatest return in the shortest amount of time, sources tell The Globe and Mail. The …
Read More »FCC proposes $14M in fines over abuse of phone subsidy program
The Federal Communications Commission on Tuesday proposed fining five wireless service providers a total of $14.4 million for allegedly defrauding a federal phone subsidy program. The goal of Lifeline, which offered hefty discounts on phone service to qualifying low-income households, was to ensure contact with families, employers, and emergency services. However, a review of the program conducted by The Wall …
Read More »Samsung’s ChatOn IM service hits 100M users
ChatOn, Samsung’s mobile messaging platform, doubled the size of its user base in the past four months, now tallying more than 100 million registered users. Preinstalled on Samsung’s feature phones and smartphones running both Android and the company’s own Bada mobile OS, the cross-platform client is also available as a free download for other mobile platforms, including iOS and BlackBerry. …
Read More »Executive infighting reportedly led to BlackBerry’s downfall
In the end, BlackBerry’s leadership may have been its own worst enemy. The struggling handset maker suffered from infighting at its executive level that hobbled its ability to compete in the mobile market and led to its eventual downfall, according to an investigation conducted by the The Globe and Mail newspaper. The company, which plans to cut roughly 40 percent …
Read More »BlackBerry cancels earnings call after buyout offer
BlackBerry plans to release its second-quarter financial results on Friday but doesn’t want to discuss them. The struggling handset maker, which announced last week that it expected to lose nearly $1 billion in the fiscal second quarter, announced Wednesday it has chosen to cancel the customary conference call discussion in deference for a buyout offer to take the company private. …
Read More »Samsung to unveil smartphone with curved glass in October
Samsung plans to introduce a smartphone with a curved glass display next month, the company announced at a media event Wednesday in Seoul. “We plan to introduce a smartphone with a curved display in South Korea in October,” D.J. Lee, Samsung’s mobile business head of strategic marketing, said at an event launching the Galaxy Note 3 smartphone, according to a …
Read More »White House petitions FCC to make cell phone unlocking legal
Months after endorsing cell phone unlocking, the White House on Tuesday filed a formal petition with the Federal Communications Commission to require wireless carriers to unlock mobile devices upon request. Filed by the Commerce Department’s National Telecommunications and Information Administration, the proposal comes after the Obama administration threw its support behind an Internet petition this spring that asked the Library …
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