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Ericsson results hit by ST-Ericsson costs

Ericsson has published fourth quarter and full-year financial results. The company made a loss of 6.3 billion Krona (£625 million) in Q4 2012, although it remained in profit for the year.

Net income for 2012 was down 53% year-on-year to £586 million, while sales were up 5% to £6.6 billion for the quarter and almost unchanged year-on-year at £22.6 billion for the full year.

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Profit falls at Facebook while revenue rises

"In 2012, we became a mobile company", says Mark Zuckerberg

Facebook has reported its fourth quarter and full-year financial results for 2012, with quarterly revenue up 40% year-on-year to $1.585 billion but net income down over 78% to $64 million.

However, the social networking company noted that its research & development costs had more than doubled from Q4 2011.

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Qualcomm quarterly results show profits up 36%

Mobile technology business Qualcomm has announced results for the first quarter of its financial year. Revenue was up 29% year-on-year to $6.02 billion, while net income rose by 36% to $1.91 billion.

Shipments of Qualcomm’s MSM chips for smart devices were up 17% year-on-year to 182 million units.

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LG Electronics reports a quarterly loss

Quarterly figures from LG Electronics showed a net loss of 468 billion South Korean won (£272 million) for Q4 2012, although this included the results of an EU fine. Overall, LG made KRW 91 billion (£53 million) profit for the year.

Sales for the quarter were down 2.2% year-on-year to KRW 13.50 trillion.

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RIM launches BlackBerry 10 and changes the company name

No more 'Research In Motion'

After a slightly awkward start in the UK this morning, Research In Motion has launched its new BlackBerry 10 platform along with the first two compatible devices.

The BlackBerry Z10 is entirely touchscreen, while the BlackBerry Q10 combines a touchscreen with a traditional physical keyboard. Both run 1.5GHz dual-core processors and have 2GB of RAM plus 16GB of expandable storage.

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