China Unicom posted better-than-expected first-half results with net profit soaring 55 percent, thanks to growing 3G mobile subscribers and data usage, the country's number two mobile carrier said on Thursday.
China Unicom's net profit reached CNY5.3 billion (USD858 million) in the first six months, beating analysts' expectations of CNY4.9-5b.
Revenue grew 19 percent to CNY144.31b, outpacing the rise in costs, China Unicom said. Mobile income hit CNY72.8b, up 20.5 percent year-on-year.
China Mobile is releasing mobile phones with its own brand, making it the first domestic carrier with own-brand strategy on mobile devices, the world's biggest mobile carrier with 700 million users said on Friday.
The two China Mobile-branded phones M701 and M601, which cost about CNY1,000 (USD161) and CNY500 respectively, target medium and entry-level markets. The carrier will sell them along with several own-branded data cards and portable power supply devices later this month in China Mobile's outlets and online store.
Indonesian electronics retailer PT Electronic City grew sales by nearly 50 percent in the first half of the year, thanks to the higher sales of audio-video products.
Electronic City, which made a debut at the Indonesia Stock Exchange on 3 July, earned IDR875.49 billion (USD85.1 million) in the first six months, 49.6 percent higher than its sales in the same period last year.
Commercial and investor relations director Ferry Wiraatmadja said audio-video products remained the driver behind the sales growth.
Microsoft over the weekend began offering a USD100 discount on its Surface Pro, one of the two versions of the company’s tablet-style computer.
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Japanese mobile phone carrier Softbank Corp. overtook longtime industry leader NTT DoCoMo Inc. for the first time in terms of first-quarter group operating profit, their April-June earnings reports show.
For the first quarter of fiscal 2013, Softbank reported operating profit of JPY391 billion, up 92.3 percent from a year before, compared with JPY247.4 billion (USD2.52b) at DoCoMo, down 5.8 percent.
Indonesian mobile device distributor and retailer, PT Erajaya Swasembada (ERAA) has reduced its sales target this year by IDR1.5 trillion (USD146 million) following a tough first half of the year, riddled by protracted deliveries and shifts in consumers' brand preferences.
ERAA spokesman, Djatmiko Wardoyo, said that previously the 2013 sales target was IDR15.5 trillion, which was 21.1 percent higher than 2012 earnings.
The number of outlets operated by Suning Commerce Co, China's largest home appliance retailer, fell as the company continues to optimise its retail network. The firm owns a total of 1,572 stores in China's mainland, with 28 new openings in the first half and 120 closures.
Profit in the first half of this year dropped 58 percent from a year ago to CNY733 million (USD118m), it said in a preliminary earnings report.
Japan's SoftBank Corp is on course for a record annual profit after first-quarter earnings doubled and its billionaire founder looks to expand his Internet empire after buying a US mobile carrier while his prize holding – China's top online retailer Alibaba – prepares for an IPO.
SoftBank CEO Masayoshi Son gave no new details on his plans for number three US mobile operator Sprint Corp at an earnings briefing on Tuesday and declined to confirm media reports he bid unsuccessfully for Universal Music even as he was in a bidding war for Sprint.
Global tablet shipments reached 29.32 million units in the second quarter of 2013, down 8.2 percent sequentially, but still up 46.6 percent compared to the same period a year ago. As overall market demand is declining, both iPad and non-iPad product shipments have been impacted. Because of the iPad mini's significant shipment drop, Apple's tablet shipments in the second quarter were only 14.6 million units, down 25.1 percent sequentially and 2.7 percent on year, according to Digitimes Research's latest figures.
Keeping up with customers' increasing preference for tablets and mobile devices over PC, Philippine PC brand Neo has rolled out its first tablet to the local market.
The company, which also celebrated its 10th anniversary recently, introduced two models of its new OmniPad line - the M71-3G and R72 - at very affordable price points of PHP6,999 (USD161.8) and PHP3,999 (USD92.4), respectively.
The more expensive model has 16GB of memory, 8GB of storage, and a built in TV function. The package also comes with a USB Internet dongle, a car holder, car charger and USB adapter.