Economy -- Engadget Mobile

economy posts

Case-Mate offers $0.99 iPhone recession case... a day after recession ends

by Darren Murph posted Sep 16th 2009 @ 10:42PM

In life, you'll quickly learn that everything is about timing. And thankfully for us Earthlings, Case-Mate seems just 24 hours off with this one. A day after Federal Reserve Chairman Ben Bernanke declared that this so-called recessions was "very likely over," the aforesaid accessory maker has popped out an iPhone case for those of us who vehemently disagree. The aptly titled iPhone recession case is quite possibly the greatest thing since ~~sliced bread~~ the AirMail, and at just $0.99 including shipping, we figure you'll have a tough time finding a better way to protect your cellie. Or waste $0.99, now that we think of it.

[Thanks, Andy]

Research finds iPhone hurting operators, Boy George unavailable for comment

by Darren Murph posted Aug 17th 2009 @ 2:31PM

We've long since known that Apple (as opposed to AT&T) was getting the better end of the pair's exclusive partnership here in America, but new research from Strand Consult has found that the situation is fairly similar all around the globe. According to the report, nary a one of the telecom operators it studied had seen a boost in market share, revenue or earnings as a result of introducing the iPhone, and some carriers even issued profit warnings due to the heavily subsidized handset. The study goes on to shed pity on firms like SingTel and TeliaSonera, both of which are purportedly seeing margins and ARPU (average revenues per subscriber) sink due to Apple's darling joining the fray. But really, we can't help but express our doubts about the all encompassing, almost sensationalized nature of this; we've watched AT&T's profits soar ever since it snagged the iPhone, and considering that every iPhone buyer also coughs up a significant monthly fee for a data plan, we can't imagine revenues tanking that severely. Or, you know, maybe we're all just getting a really good deal on our bloated iPhone plans.

Continue reading Research finds iPhone hurting operators, Boy George unavailable for comment

HTC sees revenue falling due to "delays in product launches"

by Darren Murph posted Aug 3rd 2009 @ 2:28AM

HTC's been on somewhat of a hot streak here lately, but word on the street has it that the aforesaid outfit may not be able to ship all of its forthcoming handsets on time. A new Wall Street Journal report on falling revenue in the HTC camp notes that an undisclosed amount of delays, a larger-than-anticipated drop in contract orders and lower-than-expected sales in China could lead to drooping income in the short term, and some analysts are pointing out that the company's average selling price per phone is sliding due to looming Android competition from the likes of Motorola and Sony Ericsson. Aside from the Touch Pro2 that'll probably never, ever land on Sprint, HTC has about a gazillion other rumored handsets on the horizon, but it's hard to know for sure which "product launches" are expected to be stalled. So, is HTC secretly retooling a smattering of its handsets in order to stay one step ahead of SE and Moto? Or are old fashioned supply chain inefficiencies to blame?

Motorola posts $26m Q2 profit, promises cheap Android thrills, does a little dance

by Darren Murph posted Jul 31st 2009 @ 8:44AM

See that image there on the right? Yeah, it's a pretty drastic departure from the Sad Moto™ face that had become all too common when talking about the company's financials. Just a quarter after posting a dreadful $291 million loss, the outfit responsible for creating the RAZR and then doing nothing for half a decade is finally showing a profit once more. The Q2 numbers show an "unexpected" $26 million profit on sales of $5.5 billion, $1.8 billion of which came from the handset division. Of course, that very division managed to lose $253 million and see its global market share slip to 5.5 percent, but with a big bang from Android reportedly just months away, CEO Sanjay Jha ain't taking time to frown.

Just hours after the Verizon-branded Sholes smartphone surfaced, Mr. Jha was quoted as saying that two Android devices would be "in stores for the holiday season," with launches occurring on "two major carriers in North America and multiple carriers outside the US." He also noted that plans were in place to ship "several additional Android-based devices in the first quarter of 2010," but details beyond that were vague. So, is this the beginning of a new, happier Moto? Our aged copy of Photoshop certainly hopes so.

Read - Motorola's Q2 results
Read - Jha on future Android devices

Motorola posts $291 million loss in first quarter, mobile sales fall 45 percent

by Laura June posted Apr 30th 2009 @ 10:12AM

Motorola has spilled some very unappetizing beans with its first quarter results. The company missed its projected sales figure of $5.62 billion, posting $5.4 billion, $1.8 billion of which were in its handsets division. The cellphone space is where the company seems to be hurting the most -- sales were down 45 percent there -- though some projections had it faring worse than that. Overall, Moto's looking at a $291 million loss, or $0.13 a share, which, even in this economy, can't be the greatest of news.

Nokia's profits drop 90% in Q1 2009

by Darren Murph posted Apr 16th 2009 @ 9:24AM

So, there's good news and bad news here, and we're opting to go against tradition by dishing out the positive first. Nokia just pushed out its Q1 2009 results, and while many firms have been struggling to stay afloat, at least it managed to turn a profit of €122 million ($160 million). That said, it's still looking at a staggering 90 percent drop in profits compared to its first quarter of 2008, where it raked in a mind-boggling €1.222 billion ($1.6 billion). Not surprisingly, sales were also down 27 percent to €9.28 billion ($12.2 billion) from €12.7 billion ($16.7 billion). Of course, Nokia's far from being alone in having to showcase less-than-beautiful Q1 numbers, but in reality, the damage could've been much worse; in fact, shares of the company's stock inched up by 8 percent following the reveal, as many had feared an even more significant decline. All in all, Nokia's still holding strong to a 37 percent market share worldwide, and if CEO Olli-Pekka Kallasvuo has anything to do with it (hint: he does), things should be on the up and up here soon.

[Via BBC]

MetroPCS sees huge influx of customers, intros GroupLINE

by Darren Murph posted Apr 10th 2009 @ 9:35PM

We'd already heard that right about now was a great time to be in the prepaid cell business, and that's being proven quite definitively by MetroPCS' Q1 subscriber results. We're told that the firm saw a net addition of 684,000 customers in the first three months of 2009, representing an astounding 51 percent increase year-over-year. While celebrating mightily, the company also saw fit to introduce a "one-call communication solution targeted at families and friends who are trying to save money in today's economy by 'cutting the cord' and replacing their landline telephones with wireless phones." Said "landline replacer" is called GroupLINE, which enables up to five MetroPCS Family Plan subscribers to receive calls on a shared GroupLINE number while still maintaining their individual mobile numbers -- all for just $5 per month. So, anyone looking to tighten the belt by going prepaid? Your options are getting good.

[Via GigaOM]

Read - MetroPCS results
Read - GroupLINE launch

Virgin Mobile offers up $50 unlimited voice plan

by Darren Murph posted Apr 10th 2009 @ 5:19PM

Hey Boost Mobile -- Where U At? Just kidding, we know where you are, but you should probably be aware that Virgin Mobile USA is encroaching all up in your territory. In a move that was undoubtedly made to rival Boost's $50 per month unlimited plan, Virgin Mobile has announced a $49.99 Unlimited Plan with zero roaming charges. Said plan will be available for talkative individuals starting on April 15th, though you should know that unlimited texting will run you an additional $10 per month -- something that Boost includes at no additional charge. Unique to VM's option, however, is the automaker-like "Pink Slip Protection," which offers to pay mobile bills for up to three months if you lose your job (and meet lots of requirements, of course). In related news, the operator is also introducing a new suite of "Texter's Delight" plans, obviously aimed at consumers who don't even understand that they can "speak" into their phone and "hear" other voices from the top.

Ericsson reaffirms commitment to Sony Ericsson joint venture

by Darren Murph posted Mar 23rd 2009 @ 2:09PM

Given the current state of Sony Ericsson, we completely understand the re-heating of rumors regarding a nasty breakup. That said, a new report from Dow Jones confirms that Ericsson (at least) has "has no plans to abandon its joint venture Sony Ericsson," with spokesperson Minako Nakatsuma Olofzon stating that "[Ericsson is] committed to the joint venture; it hasn't changed its view on that." Of course, the report makes no mention of Sony's take on all of this, but at least one half of the equation is still in it for the long haul. Publicly, anyway.

[Via mocoNews]

Sony Ericsson's US president steps down

by Darren Murph posted Mar 23rd 2009 @ 11:41AM

Quite honestly, we can't imagine now as being an awesome, jovial time to be heading up any division of Sony Ericsson. Thus, we're not too awfully shocked to hear that Najmi Jarwala, President of Sony Ericsson USA and Head of Region North America (comprising the US and Canada markets), has decided to leave his corner office at the end of March in order to "pursue other career opportunities." The announcement comes just a weekend after SE proclaimed that its Q1 sales were down some 50 percent, and with the outfit's somewhat lackluster showing at MWC (Idou notwithstanding), we can't imagine things magically turning around in the near future. At any rate, Anders Runevad (pictured), Executive VP and Head of Global Sales & Marketing will be taking over until a successor is named, and that's assuming anyone is willing to walk into such a severely precarious situation.

[Via MobileBurn]

Palm posts net loss of $95 million for Q3, reaffirms that Pre is on schedule

by Laura June posted Mar 20th 2009 @ 12:44PM

Palm's third quarter earnings report for 2009 has dropped, and it's looking pretty rough for the old boys. The company posted a net loss of $95 million dollars in the quarter, and sold 482,000 units where it sold 833,000 in the same quarter last year. Palm's total earnings for the quarter fell 71 percent over last year, from $312 million to just $90.6 million. Palm stock fell a net 53 cents quarter over quarter, though it's made some recent significant gains. CEO Ed Colligan was quick to point out, however, that its much-touted and anxiously awaited Pre (with the new webOS) is on target for its release date in the "second quarter." The heat is officially on.

Vertu opens retail location in Tokyo's Ginza district

by Darren Murph posted Mar 15th 2009 @ 6:21AM

We already knew Vertu was planning to open wide to Tokyo's Ginza district in late February, and apparently it decided to follow through despite an economy that's apt to slow sales of its luxury handsets dramatically. At any rate, the spot is a must-see even for tourists with a savings account that couldn't buy the "8" key of a Constellation Pure, so be sure to freshen up and drop by if you find yourself in the city. Oh, and be sure to ask the reps on hand if any of Vertu's phones can load up the full version of the company's own website without struggling -- we get the feeling the reaction will be priceless.

[Via RCRWireless]

Vodafone to slash hundreds of jobs in Britain

by Darren Murph posted Feb 25th 2009 @ 4:23AM

Yet another company has succumbed to making tough choices in the face of a rough economy, as Vodafone is reportedly preparing to lay off "hundreds" of workers in Britain. The report stated that the cuts could come as soon as this week, and while there was no definite number given as to how many of its 10,000 employees would be asked to leave, we do know that the operator is aiming to "boost free cash flow by cutting one billion pounds of costs." Predictably, Voda declined to comment on the report, but it'll probably have to talk soon whether it wants to or not.

LG looks to boost market share to 10 percent with low-end phones

by Darren Murph posted Feb 18th 2009 @ 5:39PM

Here's a concept: sell cheap, low-margin phones while the economy is in the dumps in order to grow market share. Brilliant, right? Believe it or not, that's the idea that's being pushed around at LG headquarters, as the company has revealed a goal of increasing its global handset market share to at least 10 percent during this year. The company does expect profits to shrink over the course of 2009, but it's still hoping for a high single-digit percent profit margin on mobiles, against 11 percent in 2008. According to Skott Ahn, President and CEO of Mobile Communications at LG: "Developed markets will definitely suffer some contraction, but there's a chance for growth in first-time buyers in emerging markets." So, what does LG really have to do to hit 10 percent? Maintain its sales volume at 2008's level, which was moving some 100.7 million across the globe.

Nokia to close Jyv�skyl� plant, scale down Salo facility in Finland

by Darren Murph posted Feb 13th 2009 @ 5:58AM

As with most other cellphone makers (and companies in general), Nokia managed to lose a bit of cash, market share and dignity in the completely brutal past quarter. That said, it's still doing leaps and bounds better than most, but that glimmer isn't stopping it from shutting down its Jyväskylä site and scaling back at its Salo production facility (pictured). According to Nokia, this is all part of its ongoing plan to "increase cost-efficiency and adapt to the market situation," and with the closings, it'll concentrate mobile devices R&D in Finland at Tampere, Oulu, Salo (though to a lesser extent) and the Helsinki metropolitan area. It's expected that all of the 320 employees at Jyväskylä will be sent packing by the end of this year, while temporary layoffs will be issued on a "rotational basis" (sounds thrilling, no?) at Salo. More details are stored away in the read link, but we'd avoid the depression that's lurking unless your day has just been entirely too awesome.