Vodafone has announced its results for the financial year that ended on 31st March 2013.

Revenue for the group was down 4.2% to £44.4 billion, while a drop in the value of the company’s Italian and Spanish businesses meant profits fell from over £7 billion last year to £673 million.

Finnish smartphone company Jolla has started taking pre-orders of its first device.

Its phone, which runs the Sailfish OS and has a 4.5-inch display, is currently priced at €399 (£337) plus shipping. Full details aren’t known but it’ll run a dual-core chip and will support 4G.

Yahoo! has agreed a deal to acquire blogging and media sharing platform Tumblr for approximately $1.1 billion (£724 million).

Tumblr will continue to operate as a separate business with David Karp as CEO.

Mark Bridge writes:

Last year, the Google I/O developer conference gave us plenty of product announcements: Google Glass, the Nexus 7 tablet, the Nexus Q device and the Jelly Bean version of Android. This year’s announcements were less dramatic: a streaming music service, a Google-friendlier Galaxy S4 and some game development tools. Coincidentally (or perhaps not) Apple announced its 50 billionth app download in the middle of the event.

Mary Grant, who was CEO of the Phones 4U retail business, is reported to have left the company for ‘personal reasons’.

Mobile News reports that Phones 4U Group CEO Tim Whiting is temporarily taking on her role in addition to his own work.