Qualcomm cut its outlook for the second half of its fiscal year in part because it disclosed that its Snapdragon 810 processor "will not be in the upcoming design cycle of a large customer's flagship device."
Nokia reported higher profit than expected in the fourth quarter, and grew its sales as well thanks in large part to a surge in revenue from its Network business, particularly in North America.
Samsung Electronics lost its crown as the world's sole top smartphone vendor to Apple in the fourth quarter for the first time in three years, according to analysts, following Apple's record iPhone sales and another drop in sales and earnings for Samsung's mobile division.
Apple posted a blowout holiday quarter with sales of 74.5 million iPhones and $18 billion in net profit. The results were way above forecasts from most Wall Street analysts. "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."
AT&T Mobility beat analysts' expectations in terms of subscriber growth for the fourth quarter, but saw churn rise amid intensifying competition. AT&T also saw its margins drop in the quarter, as had been expected.
Microsoft sold a record 10.5 million Lumia-branded Windows Phones in the fourth quarter, but is still dealing with the hangover of integrating Nokia's devices and services business.
Apple likely sold more iPhone units in China in its most recent quarter than it did in the United States, according to a Financial Times report. If the report proves accurate, this would be the first time iPhone sales in China have outpaced those in the U.S. market.
Don't expect Verizon Wireless to join its rivals in offering a rollover data plan, according to Verizon Communications CFO Fran Shammo.
Verizon Wireless delivered strong subscriber growth in the fourth quarter, beating financial analysts' expectations, but the carrier also saw higher than usual churn and its margins dipped amid increasing promotions. Taken together, the results show that while Verizon continues to show resilience it is not immune to rising competition from Sprint, T-Mobile US and AT&T Mobility.
How did the wireless industry perform in the fourth quarter of 2014? Check here throughout the fourth-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.