Samsung Electronics has announced its profits for the second quarter of 2011.
Revenue was up 4% year-on-year to 39.44 trillion Korean Won (£22.8 billion), while consolidated net income was down 18% year-on-year to 3.51 trillion KRW. Consolidated operating profit for the quarter was 3.75 trillion KRW, down from the company's record figure in Q2 2010.
Although most UK mobile networks are reporting around half of their customers use 'pay as you go' mobile phones, the figures are still substantially smaller in the USA. However, the number of US prepay subscribers is increasing.
The New Millennium Research Council think-tank reports that the total number of prepaid 'no-contract' mobile subscriptions in the US will account for one out of four mobile subscriptions by the end of this year.
After many years of seeing no obvious return on Vodafone's investment in Verizon Wireless, shareholders are to receive a dividend payment.
The board of Verizon Wireless has approved the payment of a $10 billion (£6.1 billion) dividend, which means Vodafone - as a 45% shareholder in Verizon Wireless - will pick up $4.5 billion on 31st January 2012.
The International Data Corporation has calculated that worldwide mobile phone shipments were up by 11.3% in the second quarter of 2011, even though feature phone shipments dropped for the first time since Q3 of 2009. Its Worldwide Mobile Phone Tracker reports that 365.4 million units were shipped in Q2 2011.
IDC says the feature phone market shrank by 4% year-on-year - and isn't expected to grow by more than 1.1% in the future.
103 million smartphones were shipped in Q2 2011 according to ABI Research. That's a 62% growth on the same period last year and a 2.2% increase on last quarter.
It notes that Nokia's smartphone market share has fallen from 38% last year and 24% last quarter to 16% in Q2 2011, leaving it in third place when it comes to shipments.