May 21- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported better-than-expected quarterly profit and sales, helped by strong demand for smartphones and large-screen TVs. Best Buy said its revenue growth in the United States was driven by sales of mobile phones bundled with billing plans by telecom carriers. Best Buy's revenue from the United...» Read More
Verizon Communications Chief Executive Ivan Seidenberg said its Verizon Wireless venture should complete its acquisition of rural mobile phone service provider Alltel by the of the year.
This morning at the Fortune Brainstorm conference Viacom CEO Philippe Dauman and Verizon CEO Ivan Seidenberg took the stage to be interviewed by Fortune Magazine Managing Editor Andy Serwer.
Let me start by saying we all make mistakes, but when it comes to Apple Inc., when you make a mistake it matters. In this business, you can make or lose a lot of money for a lot of people by getting a story right or wrong.
Mobile phone group Vodafone cut its revenue outlook, as tougher economic conditions forced consumers to hold back from buying and using new handsets, especially in Spain, knocking its shares to a 20-month low.
Following weak US tech reports shares of Vodafone tumble on revenue guidance while Ericsson also sinks sharply.
Telecom equipment maker Ericsson reported better-than-expected second-quarter earnings on Tuesday in a mixed report that analysts said offered tentative signs that the firm is turning a corner.
I said it earlier, and I'll say it again: traders trade, investors invest, and those with a longer term time horizon--months instead of weeks; weeks instead of days--will reap the rewards when it comes to Apple.
The fact is, Apple has beaten the Street for the past seven straight quarters, and there's every indication that the company will do so again this time around. And yet the stock still languishes.
Nokia, the world's biggest maker of mobile phones, reported April-June results roughly in line with forecasts, and was upbeat on the rest of 2008, easing fears that economic woes were hitting phone demand.
SK Telecom, South Korea's top mobile carrier, said on Thursday it was not planning to buy a controlling stake in any major U.S. mobile operator, brushing off earlier reports that it was seeking a stake in Sprint Nextel.
SK Telecom, the largest provider of wireless phone service in South Korea, is in talks to acquire Sprint Nextel, the troubled U.S. wireless carrier, according to people familiar with the talks.
Chalk up to bad data, chalk it up to carelessness. Chalk it up to another way the media can mess with Apple and its investors. But no matter what, I take responsibility full responsibility for reporting the bad information. And it's unfortunate because my report really short-changed Apple and a truly extraordinary accomplishment.
Apple said Monday that it had sold 1 million units of its new iPhone model in its initial weekend.
Alcoa may have kicked off earnings season last week, but this week, the biggest names in the tech sector take center stage: Intel and IBM tomorrow: eBay Wednesday; Microsoft and Google on Thursday.
Iphone's first weekend is in the books and while three days of sales hardly determines the entire story, it is an important "split time" that Apple investors should consider. Piper Jaffray concluded its channel checks late Sunday and determined that Apple and AT&T spacersold 425,000 iPhones this weekend:
So, CNBC asked four market watchers for stock picks -- given a five-year time horizon -- for 20-somethings. Check out their picks.
Many eager U.S. buyers of Apple Inc's new iPhone left stores Friday frustrated because their new gadgets did not work due to problems activating service.
Apple's new iPhone made its hotly awaited debut on Friday, with buyers storming stores in Asia and queues forming in European cities.
One year and 11 days ago, our nation was swept by iPhone Mania. TV news coverage was relentless. Hard-core fans camped out to be the first in line. Bloggers referred to Apple's new product as the "Jesus phone." And Friday is the iPhone’s second coming.
Let me focus on something that deserves a lot more attention: the upcoming Apple App Store, a new online Apple store that will post and sell third party software applications. And, if you believe iPhone's sales projections in the coming years, App could match or rival iTunes as a revenue stream down the road.
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