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Ofcom says mobile contracts should ditch inflation-related price rises

Ofcom says mobile contracts should ditch inflation-related price rises

UK telecoms regulator Ofcom wants to ban inflation-related rises in phone and broadband contracts. Instead, it says any potential mid-contract price rises should be set out in pounds and pence.
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Global smartphone market is set for recovery, says new forecast

A new forecast from research specialists Canalys shows the smartphone market is set to recover next year. Worldwide shipments declined by 12% last year but that decline is expected to slow to 5% this year.
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Vodafone and Three plan to merge their UK businesses

Vodafone and Three plan to merge their UK businesses

New Hutchison/Vodafone network would be biggest UK operator

Vodafone Group plc and CK Hutchison Group Telecom Holdings Limited have agreed to combine their UK telecommunication businesses, respectively Vodafone UK and Three UK. The merger will create a large new network operator to compete with Virgin Media O2 and EE.
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UK mobile payment service Paym to close in March 2023

UK mobile payment service Paym will close on 7th March 2023. The service, which allowed users to make and receive payments using their mobile phone numbers, was launched in 2014.
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Qualcomm legal action moves forward in the UK

Qualcomm legal action moves forward in the UK

Which? seeks payout for Samsung and Apple smartphone owners

Consumer protection organisation Which? has been given permission by the UK's Competition Appeal Tribunal to represent Apple and Samsung smartphone buyers in a legal case against chip manufacturer Qualcomm.
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Opinion Articles

Tuesday, January 27, 2015

Apple reveals record quarterly results

Tim Cook announces April launch for Apple Watch

Apple has announced financial results for the first quarter of its 2015 financial year. For the three-month period until 27th December 2014, the company says quarterly revenue reached a new record of $74.6 billion (£49 billion) and quarterly net profit hit a new high of $18 billion (£11.9 billion).

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During the announcement, CEO Tim Cook revealed the forthcoming Apple Watch is due to be released in April 2015.

Almost 74.5 million iPhones were sold during the quarter (up 46% year-on-year), although iPad sales were down 18% to 21.4 million.

Mr Cook said “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

Figures from eMarketer showed that iPhone owners accounted for 42.3% of all smartphone users in the USA and 30.5% of smartphone users in the UK last year. 51.8% of all US tablet users and 53% of UK tablet owners had an iPad last year, both down slightly from 2013.

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