Amazon bungled the pricing of the Fire phone, its first smartphone, but is not giving up in the market and will continue to enhance the user experience on the device, according to an Amazon executive.
Alcatel-Lucent reported a narrower net loss for the third quarter and an improved margin as cost cuts and a slower cash burn offset falling sales. However, in the company's crucial U.S. market, sales continued to fall in the period.
Samsung Electronics' third-quarter profit plunged thanks in large part to a steep decline in its mobile unit's profit and sales, as rising competition from Chinese rivals like Huawei, Lenovo and Xiaomi has started to take a toll. Samsung said its mobile performance in the current fourth quarter remains uncertain, but the company hopes to bounce back thanks new phones with flexible displays in 2015 as well as more competitive phones at different price points.
LG Electronics posted its best results from its mobile unit in five years as sales and operating profit jumped thanks to record-high smartphone sales in the third quarter, driven largely by the G3, the company's latest flagship device.
HALF MOON BAY, Calif.--T-Mobile US continued to roar ahead in terms of subscriber growth in the third quarter. T-Mobile also hit its year-end LTE coverage milestone of 250 million POPs a couple of months ahead of schedule. However, T-Mobile's earnings took a hit in the quarter, in part because of the surge in subscribers and higher expenses.
Amazon revealed how much it is losing on its Fire smartphone: at least $170 million to date.
América Móvil once again had to quiet speculation that it is interested in acquiring T-Mobile US. Just as the company was forced to do in the second quarter, the Mexican-based telecoms giant addressed rumors of a deal on its quarterly conference call; CEO Daniel Hajj said the company is not in talks with T-Mobile.
Microsoft reported a jump in smartphone sales for the third quarter and also confirmed it will put its own brand name in place of the Nokia brand on its Lumia Windows Phone smartphones going forward.
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.
Nokia reported growing sales in the third quarter, thanks in part to booming business in its Network unit, which was driven by a strong performance in North America. The company reported its first year-over-year growth in quarterly revenue since the first quarter of 2011.