Sprint eyes new financing as iPhone swells costs
By Sinead Carew and Yinka Adegoke
(Reuters) – Sprint finally owned up to the massive bet it is making on iPhone, sending its shares down as much as 12 percent on Wednesday.
The No. 3 U.S. operator said it could need $7 billion in new financing deals over the next few years to cover a cash shortfall caused by heavy investments in the Apple Inc iPhone introduction and a big network upgrade.
Broadcom sees revenue decline, stock falls
By Sinead Carew
(Reuters) – Broadcom Corp warned revenue could fall as much as 13 percent this quarter due to broad- based weakness in demand, even in wireless, where it supplies chips for Apple Inc products such as the iPhone.
The shares in the maker of chips for products from cellphones to television set-top boxes fell about 5 percent after it forecast fourth-quarter revenue of $1.7 billion to $1.8 billion compared with Wall Street expectations for revenue of $2 billion, according to Thomson Reuters I/B/E/S.
TI sees further demand decline in Q4
By Sinead Carew
(Reuters) – Texas Instruments (TXN.N: Quote, Profile, Research, Stock Buzz) said revenue will come under further pressure this quarter due to a drop in demand for its chips in almost every market because of macroeconomic weakness.
Shares in the maker of chips for products ranging from cellphones to industrial equipment fell 1 percent in late trade as it could not say when growth would resume, reinforcing fears about the European financial crisis and high U.S. unemployment.
Verizon subscribers disappoint, investors say so what http://t.co/18ujMfJR
Verizon subscribers miss Street, investors shrug
By Sinead Carew
(Reuters) – Verizon Communications Inc wireless subscriber growth was slower than expected in the quarter before the latest Apple Inc iPhone launch, but was still ahead of its biggest rival.
Verizon Wireless, its mobile venture with Vodafone Group Plc, added 882,000 subscribers in the quarter compared with the average analyst expectation for 1.04 million from eight analysts contacted by Reuters.
AT&T revenue falls short, iPhone sales start strong
By Sinead Carew
(Reuters) – AT&T Inc’s (T.N: Quote, Profile, Research, Stock Buzz) quarterly revenue fell short of Wall Street estimates, as wireless customers spent less than expected in the quarter ahead of the latest Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone launch.
Shares in the No. 2 U.S. mobile provider fell slightly early on Thursday on concerns about a slowdown in wireless revenue growth, despite strong iPhone sales early in the fourth quarter.
AT&T CEO says Apple’s roadmap is probably set for 2-3 years but insists he’s not had it all laid out for him
Motorola bets on recycled Razr brand
Razr is back. After being criticized for depending on the four letter brand for too long, Motorola is hoping to draw some more blood from the stone with the new Droid Razr in the U.S. market. It will be called plain old Razr in the rest of the world.
Analysts are already predicting that the new phones won’t reach the 130 million unit sales that Motorola boasts for Razr over several years. But the jury is still out on whether using the old brand that came to symbolize the company’s downfall will help sales of the latest phone, which it is touting as the world’s thinnest smartphone.
Motorola revives brand with slim Droid Razr
NEW YORK (Reuters) – Motorola Mobility revived its once best-selling Razr brand to tout its latest gadget, the Droid Razr, as the world’s slimmest smartphone.
The company, which has agreed to be bought by Google Inc for $12.5 billion, hopes to compete with arch-rival Apple Inc’s iPhone when it kicks off pre-orders at Verizon Wireless on October 27.
Motorola unveils Droid Razr, ironic pre- acquisition brand nostalgia?
-
About Sinead
-
Follow Sinead
