Webwire: ZTE profit plummets; Sony slashes mobile jobs

ZTE’s 2Q net profit slumped 85% to 94 million yuan (€11.7 million) - the steepest quarterly decline for the company since 2006.
Sony is moving its mobile division's headquarters from Sweden to Tokyo, and will cut 1,000 jobs - or around 15% of its mobile division's workforce – in the process.
ABI Research predicts 100 million tablets will be shipped globally in 2012. Apple alone shipped 17 million tablets – just shy of the combined sales from all tablet vendors during the whole of 2010.
Chipmaker Qualcomm will provide its Snapdragon S4 quad-core processors for LG Electronics' upcoming LTE smartphone.
US authorities have seized three websites that had been offering pirated versions of popular Android apps, and are now expected to try to prosecute the sites' operators.
In a reversal of the typical status quo of smartphones including a camera, Nikon has announced a new camera running Android, integrated with smartphone-like features.
The US FTC has given the go-ahead for Facebook to acquire photo-sharing site Instagram for $1 billion (€797 million)
China Mobile is acquiring a 15% stake in voice recognition software developer Anhui USTC iFlytek for 1.36 billion yuan (€170 million), to bolster its speech processing capabilities.