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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

Friday, April 16, 2010

Sony Ericsson's quarterly figures show a return to profit

Sony Ericsson is back in profit, reporting a net income of 21 million Euro for Q1 2010. That contrasts with a 167 million Euro loss in the previous quarter and a 293 million Euro loss in Q1 2009.

However, the number of units shipped has fallen 28% year-on-year from 14.5 million to 10.5 million – and sales figures have dropped 19% from 1.7 billion Euro to 1.4 billion Euro in the same period. The company says the reduction in shipments reflects streamlining of its handset portfolio over the past 12 months to focus on higher-end phones.

Bert Nordberg, Sony Ericsson's president, said "We are pleased to see the positive impact of both the launch of new products and the business transformation programme improving the company’s results. Increases in both gross and operating margins show that we are on the right track to build the correct cost structure for our business organization and strategy. We will continue to work through the transformation programme to ensure that we are competitive."

In addition, Sony Ericsson has announced a new Chief Financial Officer today. William 'Bill' Glaser, former Sony Corporation Vice President and Head of Sony Group Risk Office, will succeed current CFO Ulf Lilja. Mr Lilja has been in the role for five years and will return to work at Ericsson.

[PDF financial document]

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