Nokia's sixth consecutive quarterly loss gave analysts a glimmer of hope after the company delivered stronger-than-expected sales of its low-cost Asha handsets.
Sales of LTE equipment to Japanese and South Korean operators powered Nokia Siemens Networks to a record third-quarter profit. The vendor said that underlying operating profit jumped to €323 million from €6 million a year earlier, beating all analysts' expectations, according to Reuters .
TeliaSonera delivered a jolt to the telecoms industry and said that it will cut 2,000 jobs after reporting third-quarter earnings that undershot analysts' estimates.
A new GigaOM Pro study reveals that over half of app developers make under $500 a month from their paid apps. And for those that develop free ad-funded apps, the picture is even grimmer. According to the study, those developers make less than $100 a month in ad revenue.
Bouygues Telecom said its profit plummeted by 57 per cent year-over-year during the first half of the year as intense competition in the French mark bit into earnings.
Barnes & Noble reported fiscal first quarter 2013 revenues of $1.45 billion, up 2.5 percent year-over-year, thanks in part to increased sales of e-books, applications and related digital content optimized for its Nook tablet and e-reader platform.
Deutsche Telekom confirmed it is on track to reach its full-year targets after it posted earnings in the second quarter that beat expectations, but the German operator warned that its European business is not likely to improve in the near term.
Gameloft posted record second quarter revenues of $62 million, crediting the surge to the continued growth of its mobile gaming efforts.
Facebook reported net losses of $157 million in the quarter ending June 30, its first quarter as a public company, but vowed to right the ship with the introduction of new and improved mobile social networking experiences.
Zynga blamed its second quarter net losses of $22.8 million on recent changes made by social network Facebook as well as diminishing mobile traffic for high-profile acquisition Draw Something .