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Qualcomm results up as Apple settlement offsets weak phone market

(Telecompaper) Qualcomm reported revenues of USD 9.6 billion for its fiscal third quarter to June, up 73 percent from a year earlier thanks to resuming business with Apple. This helped offset a softer smartphone market, as the chipmaker awaits the ramp up of new 5G devices.  Source: Industry News (syndicated from Telecompaper.com)

Global smartphone shipments down 3% in Q2 as Apple sales slide – study

(Telecompaper) Global smartphone shipments totalled 341 million units in the second quarter of 2019, down 3 percent from the same period a year earlier, as higher sales at number one and two manufacturers Samsung and Huawei were offset by lower shipments from Apple and certain smaller brands. Enhanced demand in major markets such as China is set to help stabilise worldwide shipments in the second half of the year, according to research from Strategy Analytics.

Vodafone completes sale of New Zealand unit for NZD 3.4 bln

(Telecompaper) Vodafone Group has completed the sale of Vodafone New Zealand to a consortium comprising Infratil and Brookfield Asset Management for a cash consideration equivalent to an enterprise value of NZD 3.4 billion (approximately EUR 2.1 billion). Proceeds from the sale will be used to reduce Vodafone’s net debt, the company said. Vodafone and Vodafone New Zealand have now entered into a partner market agreement, which includes use of the Vodafone brand, preferential roaming arrangements,

Fastweb authorised to become Italy's fifth mobile network operator

(Telecompaper) Fastweb announced that it has effectively become Italy’s fifth mobile network operator alongside TIM, Vodafone, Wind Tre and Iliad after receiving the corresponding official authorisation from the country’s Ministry of Economic Development (MISE). The high-speed broadband provider set off on the path to convert from an MVNO to an MNO around three years ago when it agreed to use spectrum owned by Sardinia-based Tiscali in urban areas, subsequently reaching a deal to acquire 40

Samsung profit halves in Q2 on weak memory market, lower phone margins

(Telecompaper) Samsung’s net profit in the second quarter more than halved, to KRW 5.18 trillion from KRW 11.04 trillion a year ago, due to a fall in results at its semiconductor business and lower profitability in smartphones. The company’s revenues fell 56 percent to KRW 56.13 trillion, led by the decline in memory products.  Source: Industry News (syndicated from Telecompaper.com)

Apple grows revenues 1% as services expansion offsets lower iPhone sales

(Telecompaper) Apple reported revenues up 1 percent year-on-year to USD 53.8 billion in its fiscal third quarter to June, in line with its outlook and led by record revenue from services. Quarterly earnings fell 7 percent to USD 2.18, but were better than market expectations.  Source: Industry News (syndicated from Telecompaper.com)

LG profits fall in Q2 as smartphone losses widen

(Telecompaper) LG Electronics reported a sharp fall in profits in the second quarter, due to widening losses at its smartphone and automotive businesses. While revenues were up 4.1 percent to KRW 15.63 trillion, operating profit dropped 15.4 percent from a year earlier to KRW 652 billion, and net profit more than halved to KRW 106 billion.  Source: Industry News (syndicated from Telecompaper.com)

Sony trims FY sales outlook as CE, gaming sales slow

(Telecompaper) Sony reported sales down 1 percent to JPY 1.926 trillion in its fiscal first quarter to June, as a slowdown in Playstation sales and lower TV and smartphone sales offset the growth at its music and film activities. The company slightly lowered its outlook for full-year sales, to JPY 8.6 trillion from an outlook in April of JPY 8.9 trillion.  Source: Industry News (syndicated from Telecompaper.com)

Huawei sales up 23% in H1 despite US ban, smartphone shipments grow 24%

(Telecompaper) Huawei said its business remained robust in the first half of 2019, despite the US ban inflicted on the company in May. Revenues for the six months rose 23.2 percent to CNY 401.3 billion, suggesting a slowdown in Q2 after 39 percent growth reported for Q1. The company’s net profit margin for H1 was 8.7 percent. Source: Industry News (syndicated from Telecompaper.com)

Ooredoo Group H1 net profit rises 22%, revenue down 4%, customer base shrinks 12%

(Telecompaper) Ooredoo group net profit increased by 22 percent to QAR 841 million in the first six months of 2019 from QAR 689 million in the same period of 2018, partially aided by a favourable forex environment and offset by a negative IFRS 16 impact. EBITDA increased by 2 percent year on year to QAR 6.3 billion, with a corresponding EBITDA margin of 44 percent supported by a positive effect from the new IFRS 16

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