BlackBerry CEO John Chen said the company would consider getting out of the smartphone business in a year if it's not making money selling phones. Chen had previously said that he would consider exiting the handset business if it was not profitable, but had not given a timeframe for doing so.
Samsung Electronics forecasted a sharp jump in its operating profit for the third quarter, signaling that year-over-year profit declines might be ending. However, the growth in profit and revenue is expected to be largely driven by the conglomerate's components and chipset division, and it's unclear at this point how well its new smartphones are faring in the market.
Samsung Electronics is still seen as struggling to reverse declines in its smartphone market share and margins, and investors are getting antsy.
According to a new report, AT&T Mobility and T-Mobile US are positioned for strong ARPU gains going forward, according to analysts at Jefferies.
At a time when BlackBerry's smartphone hardware business is shrinking, the company confirmed it will release a security and privacy-focused phone later this year called the "Priv" running on a modified version of Google's Android platform. BlackBerry CEO John Chen said the firm is working "with all of the major carriers" on the launch of the phone and thinks the company's security heritage will set it apart. However, BlackBerry reported revenue for its fiscal second quarter that missed analysts' expectations and a wider-than-expected loss.
BlackBerry reports results for its second fiscal quarter tomorrow, and the company's progress on growing its software revenue will again be in focus, as it was last quarter, with some analysts skeptical that BlackBerry can grow enterprise software sales as much as it hopes this year. Meanwhile, a new photo and details of BlackBerry's rumored phone running Google's Android platform leaked online.
Lenovo's Motorola Mobility unit will take over the company's smartphone development and manufacturing, Lenovo confirmed, as it seeks to cut costs and improve sales.
Thanks to a partnership between FierceWireless and Strategy Analytics, we're bringing you all of the charts and stats to make sense of the second-quarter earnings season for the top eight U.S. wireless carriers. Special report.
Despite a flurry of promotions during the second quarter, the four Tier 1 carriers saw their lowest postpaid churn rates on average, according to analysts at Wells Fargo. That led to a sharp jump in net subscriber additions compared to the second quarter.
FierceCable has assembled a complete look at the second-quarter earnings season, ranking the top cable, satellite and telco pay-TV operators and offering a look at their performance in a number of key metrics, including subscriber growth and average revenues per user. Special report