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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.

Author: The Fonecast
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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.

Author: The Fonecast
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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.

Author: The Fonecast
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