Nokia has just reported its first quarter financial results. Sales and profits were both up year-on-year, with net sales reaching 9.5 billion Euro. Device shipments were up 16% year-on-year to 107.8 million units, with sales of 'converged' devices – smartphones and mobile-enabled computers – up 57%. In addition, 10 million Nokia smartphone users have downloaded the company's free sat-nav service since January.
However, CEO Olli-Pekka Kallasvuo warned that the company continues to face tough competition at the high end of its mobile device portfolio and challenging market conditions on the infrastructure side.
Virgin Media, which offers a 'quad-play' combination of broadband, TV, fixed-line phone and mobile services in the UK, has completed a three-year refinancing programme. It says this has fundamentally changed the capital structure of its business, providing greater flexibility and scope for the use of any surplus future cash flow.
Mark Bridge writes:
Being an optimistic cynic isn’t easy. But, hey, I do my best.
Which is why I smiled benignly when I heard this week that WiFi provider The Cloud was offering a free app to O2 iPhone users. It's a simple tool called FastConnect and it'll make it easy for those O2 customers to find free WiFi access via hotspots powered by (you guessed it!) The Cloud.