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Profits down but sales volume up for Nokia

Nokia's just published its Q2 2010 figures. They show operating profit down 40% on the previous quarter (and down 31% year-on-year), although exchange rates helped net sales to increase slightly. The number of mobile devices shipped was up 8% year-on-year to 111.1 million units for the three-month period, while smartphone and mobile computer sales were up 42% year-on-year to 24 million units.

Author: The Fonecast
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Motorola takes legal action against Huawei

Motorola is suing Huawei Technologies for allegedly conspiring with former Motorola employees to steal trade secrets. Huawei has called the complaint "groundless and utterly without merit".

In 2008, Motorola sued five former workers for allegedly taking Motorola information with them when they joined one of Huawei's resellers.

Author: The Fonecast
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A record quarter for Apple

Last night Apple announced financial results for the financial quarter ending 26th June 2010. It revealed record revenue of $15.7 billion and net quarterly profit of $3.25 billion. International sales accounted for 52% of quarterly revenue.

Author: The Fonecast
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Apple's quarterly results: bloodbath or brilliance?

Mark Bridge writes:

They were a proud race. Proud of their individuality. Proud of the simple yet high-tech environment they inhabited.

But their population wasn’t growing as quickly as it had. They weren’t dying out – far from it, because they were committed to the cause – but there weren’t as many bright new faces as there’d been before. And now the Others were moving closer.

Yes, they’d done their best to resist the Others. They’d tried moving into new areas; not running away but expanding. It seemed to work. A new generation – a new race, some said – had been born. Different, yet the same. So why did they still feel as though the Others were getting dangerously close?

That’s not the opening of the worst science-fiction novel of all time. It’s the place where some people think Apple finds itself at the moment.

Author: The Fonecast
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Motorola selling wireless network infrastructure assets to Nokia Siemens Networks

Nokia Siemens Networks and Motorola have entered into an agreement that should see Nokia Siemens Networks acquiring the majority of Motorola's wireless network infrastructure assets for $1.2 billion later this year.

Author: The Fonecast
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