Though China Mobile is among the world's largest carriers, it has reported financials which show a loss which is the company's first loss period in 14 years. But this is primarily because the company is making huger investments in the 4G network domain. Approximately 1.34 LTE-enabled smartphones have been sold through this carrier and most of them were iPhones and a similar order was made for Apple which was recently fulfilled by the company.
According to what the analysts have predicted, China Mobile is going to sell at least 15-17 million iPhones in 2014 but if the rate continues to be the way it is, then it is very unlikely that these predictions will ever come true. Also to improve the financial performance, the company plans to sell 100 million LTE-enabled phones and boast 50 million LTE users by year's end. China Mobile Chairman Xi Guohua is reported to have said that "Most of our 1.34 million 4G users are using an iPhone. It's just been getting started for one or two months. So far it's hard to tell how that will affect our business."
China Mobile, the largest wireless carrier in the world with more than 700 million subscribers, announced this week that it will reduce the subsidies it pays to help consumers buy smartphones at cheaper costs. The stock is went up about 5% on the news, Bloomberg reports. Like U.S. carriers, China Mobile pays subsidies to smartphone makers to make devices cheaper for consumers up front. In the U.S., t ... Source: The Business Insider
Full article at: The Business Insider
4 days ago, 12:39pm CDT
Apple has officially added China Telecom as a data center provider in China, reports The Wall Street Journal. The move comes after 15 months of "stringent tests and evaluation" by the Fuzhou city government, as Apple states that all data stored on the servers is encrypted. According to Reuters, Apple says the new data center will help improve the speed and reliability of iCloud and the iTunes Store in the region. "Apple takes user se ... Source: Mac RumorsFull article at: Mac Rumors4 days ago, 6:07am CDT
Lenovo's smartphones are primarily sold overseas, but it's making moves that could significantly expand its presence.
Lenovo posted its first-quarter financial results last night (PDF), and overall the news was good. Revenue was up 11 percent compared to the same quarter last year, and profit after operating expenses was up to $283 million from $202 million. These aren't ... Source: Ars Technica
Full article at: Ars Technica
5 days ago, 2:48pm CDT
While growing subsidy costs put a dent in China Mobile’s profits, it helped the carrier grow its 3G/4G subscriber base by over 10% sequentially in Q2 2014 to over 253 million. Considering that data traffic is quickly becoming the primary avenue for future revenue growth, the carrier vigorously expanded and promoted its high speed 4G network, gaining 11 million 4G subscribers i ... Source: Forbes Real Time
Full article at: Forbes Real Time
5 days ago, 1:02pm CDT
HONG KONG – A contraction in Germany’s economy and stagnation in France dented European stocks Thursday while Asian markets ended mixed.
KEEPING SCORE: France’s CAC 40 lost 0.6 per cent to 4,168.93 and Germany’s DAX shed 0.4 per cent to 9,158.33. Britain’s FTSE 100 edged up 0.1 per cent to 6,664.27. U.S. shares were set to drift lower, with Dow futures slipping 0.1 per cent to 16,610. S&P 500 futures dipped 0.1 per cent to 1,943.50.
ASIA’S DAY: ... Source: Canadian Business Online
Full article at: Canadian Business Online
5 days ago, 3:52am CDT
Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about US$300 million (S$375 million) to develop and operate a trans-Pacific cable network connecting the United States to Japan.To be named "FASTER," the cable network will have an initial capacity of 60 terabits per second and will connect Los Angeles, Portland, San Francisco, Oregon and Seattle to Chikura and Shima in Japan.NEC Corp, which will be ... Source: Asia One
Full article at: Asia One
Aug 11 2014, 10:09pm CDT
Mike Tomlin: 'Witching Hour' for Injured Pittsburgh Steelers Approaching
Pittsburgh Steelers head coach Mike Tomlin will sit out six injured players during the preseason game against their in-state rivals, the Philadelphia Eagles, on Aug. 21. Tomlin told The Pittsburgh Post-Gazette that the "witching hour" -- the impending roster cuts -- for injured Steelers is fast approaching.
Detroit Tigers Beat Tampa Bay Rays 8-6 in 11 Innings
The Detroit Tigers, who are neck-and-neck with the Seattle Mariners for the final Wild Card spot in the American League with the Seattle Mariners, benefited from instant replay in their 8-6 win in 11 innings over the Tampa Bay Rays on Aug. 19.
Minnesota Vikings Reach Settlement With Chris Kluwe
The Minnesota Vikings reached a settlement with former punter Chris Kluwe on Aug. 19. Kluwe threatened to file a lawsuit against the Vikings over wrongful dismissal for his support of same-sex marriage rights. On Tuesday, the Vikings agreed to donate an undisclosed amount of money to five gay charities over the next five years.
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