Mobile manufacturer ZTE has published preliminary annual results for 2012, revealing that it expects a loss of between 2.5 billion and 2.9 billion Chinese Yuan (£253 to £294 million).
Last year it made a 2.06 billion Yuan profit.
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The US-based part of video game maker Atari has filed for bankruptcy protection under chapter 11 of the United States Bankruptcy Code.
It’s aiming to distance itself from Atari S.A., its parent company in France.
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Huawei has announced details of its 2012 financial results ahead of the audited figures due in April.
Global sales revenues for the year are expected to reach 220.2 billion Chinese Yuan (£22.3 billion), up 8% on 2011, while net profit is expected to be up 33% to CNY 15.4 billion.
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Slip slidin' away
Mark Bridge writes:
There’s plenty of snow disrupting the UK – but, thanks to the mobile telecoms industry, thousands upon thousands of people are able to work from home. We’re all feeling pretty pleased with ourselves right now, aren’t we?
Pedestrians may have been skating down pavements but a different kind of trouble on the high street dominated much of last week as music, DVD and occasional mobile phone retailer HMV went into administration.
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Facebook has enhanced the iOS version of its Messenger application to enable users in the USA to speak to each other without paying call charges.
The VoIP feature was originally launched in Canada earlier this month.
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