Amazon.com has announced financial results for the first quarter of its current financial year. Net sales were up 34% year-on-year to $13.18 billion, although net income was down by 35% to $130 million.
The next quarter is expected to see a similar pattern as sales increase but profits fall.
Research from Strategy Analytics shows that global handset shipments increased by 3% in the first quarter of this year to 368 million units.
Samsung overtook Nokia, becoming the world’s number one handset supplier for the first time ever.
MEF, the global trade association for mobile content and commerce, has officially launched its 'Privacy in Mobile Applications' Initiative.
It’s aiming to help the mobile industry build consumer trust around mobile applications that collect user data.
Samsung’s results for Q1 2012 have revealed the company’s highest quarterly profit for several years.
Net profit was 5.05 trillion won, up 81% year-on-year, while overall revenue increased by 22% to 45.27 trillion won.
Mark Bridge writes:
The headlines sound pretty dramatic. “Three exits business market”. “Three parts company with Phones 4u”. It sounds like the 3G network operator is cutting back and reorganising. But let's look a little closer.