BlackBerry investors are very unhappy with the company's performance in the U.S. market and are looking for answers as to how the company plans to overcome its current challenges. During the firm's annual investor conference, shareholders questioned CEO Thorsten Heins about its difficulty penetrating the U.S. market with its new BlackBerry 10 OS. According to reports, one investor even called the U.S. launch of BlackBerry 10 "a disaster."
Tier 2 and Tier 3 operators such as U.S. Cellular (NYSE:USM), Shenandoah Telecommunications and Alaska Communications revealed the latest expansions to their LTE footprints during first quarter earnings calls. These small operators are in a rush to expand LTE coverage to keep up with their Tier 1 counterparts.
Restructuring costs and a wait for payments on commercial contracts slammed Alcatel-Lucent's cash flow figure, as the company burned through $694 million in cash during 2013's first quarter, worsening the year-earlier free cash flow loss of nearly $211 million.
Despite a 2 percent year-over-year uptick in sales, the impact of restructuring led Ericsson's first-quarter 2013 income to plummet 86 percent from the prior-year period to $181.43 million.
Sequans Communications expects its LTE business to pick up during the second half of 2013, but the chipmaker is still struggling to make up for decreased revenues from plummeting sales of WiMAX products.
Wi-Fi hotspots appear to have become an ingredient in churn reduction for Time Warner Cable, and the company is doubling down its Wi-Fi bet this year, with a particular focus on deploying more hotspots in New York City.
Apple reported selling a record 47.8 million iPhones in its fiscal 2013 first quarter, compared to 37 million in the year-ago quarter. Apple also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter.
ZTE issued an earnings warning for 2012, saying it may lose $400 million to $460 million for the full year, a reversal of 221 percent to 241 percent from 2011's results.
Huawei would consider an IPO, said a company executive in announcing the company's 2012 results, which included a 33 percent increase in net profit and sales that could exceed those of long-time market leader Ericsson.
No-contract carrier Leap Wireless is taking a hard look at its basic business model--from service activation to device financing--as it works to better accommodate customer adoption of more sophisticated smartphones, according to Doug Hutcheson, president and CEO.