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ExclusiveHuawei expects 33% profit increase in 2012 financial results

Huawei has announced details of its 2012 financial results ahead of the audited figures due in April.

Global sales revenues for the year are expected to reach 220.2 billion Chinese Yuan (£22.3 billion), up 8% on 2011, while net profit is expected to be up 33% to CNY 15.4 billion.

ExclusiveLast week at The Fonecast: 21st January 2013

Mark Bridge writes:

There’s plenty of snow disrupting the UK – but, thanks to the mobile telecoms industry, thousands upon thousands of people are able to work from home. We’re all feeling pretty pleased with ourselves right now, aren’t we?

Pedestrians may have been skating down pavements but a different kind of trouble on the high street dominated much of last week as music, DVD and occasional mobile phone retailer HMV went into administration.

ExclusiveeBay and PayPal report a good mobile year

Online marketplace eBay has reported its fourth-quarter and full-year results for 2012, with annual revenue up 21% to $14.1 billion (around £8.9 billion).

Net income was down 19% to $2.6 billion, although the Q4 2011 figures had been boosted by the company selling its share in Skype.

ExclusiveIntel results show a profit drop

Technology business Intel has announced its fourth quarter and full-year financial figures for 2012.

Revenue for the year was $53.3 billion (around £33.5 billion; down 1.2% from the previous year) and net income was $11.0 billion (down 15% year-on-year).

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