Ericsson reported third-quarter sales that beat analysts' expectations, but falling revenue in the North American market cast concerns over the vendor's forthcoming fourth-quarter results. North America is the company's largest region by revenue and carrier spending in the market has traditionally been a growth driver for Ericsson--but that could be starting to shift.
Apple CEO Tim Cook on Wednesday met in Beijing with Ma Kai, China's vice premier, according to Chinese state news agency Xinhua, and "exchanged views on protection of users' information." The meeting came just days after a report emerged that indicated Chinese-based hackers had attacked users of Apple's iCloud cloud storage service in the country.
The European Commission dropped its threat to launch an investigation into alleged illegal subsidies for Chinese mobile equipment manufacturers, in what will come as a relief to Huawei and ZTE--the two leading Chinese vendors operating in Europe.
Comcast is leading a team of Chinese investors who will collectively spend about $3.3 billion to build a new Universal theme park in Beijing. According to a statement, the Chinese government has approved development of the 300-acre park, which will eventually be expanded to 400 acres.
Cisco has created an $80 million joint venture with Chinese hardware vendor TCL to establish a foothold in the country's cloud services market.
Alcatel-Lucent has completed the sale of a large stake in its enterprise business to China Huaxin Post & Telecommunication Economy Development Center for $362 million.
Apple's iPhone 6 and 6 Plus will go on sale in China on Oct. 17, giving the company a chance to regain market share in the world's largest smartphone market. Apple received approval from Chinese regulators to sell the phones only after it addressed privacy concerns that the regulators brought up in testing the phones.
CenturyLink is extending its global managed hosting service set into China, an effort it says is driven initially by U.S.-based multinational corporations (MNCs) that want to establish a presence in the country.
Qualcomm unveiled a software toolkit at its annual Uplinq developers conference that enables developers take advantage of LTE Broadcast technology, and it got a vote of confidence on the technology from Facebook. However, the company stayed mum on its troubles in China, where it is still the focus of an antitrust probe.
Apple, Samsung Electronics and other makers of high-end smartphones could face steeper hurdles in the Chinese market after operators there said they will cut the amount of money they pay to OEMs to subsidize smartphones. According to Bloomberg, the payment cuts could amount to around $3.9 billion.