Apple has moved past LG in the worldwide rankings of mobile-phone unit sales. According to IDC, Apple is now the world’s third largest mobile-phone manufacturer, behind Nokia and Samsung.

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Continue reading Samsung Galaxy Note available at AT&T February 19th for 0, pre-orders begin February 5th

Samsung Galaxy Note available at AT&T February 19th for 0, pre-orders begin February 5th originally appeared on Engadget on Mon, 30 Jan 2012 10:00:00 EDT. Please see our terms for use of feeds.

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After releasing a revised financial forecast for FY 2011 that predicts an annual .3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cuts, revealing most of the cuts will come from the company’s mobile-phone handset business, with 7,000 of them expected to be in Japan. The company reportedly had 115,840 employees as of March so there should be a few folks left around to keep the lights on and maintain ventures like its new JV with NTT Docomo, Panasonic, Samsung and Fujitsu, the NEC Lenovo PC alliance, and its recently announced work on the Hayabusa 2 asteroid explorer. Still, we’ll have to wait and see how the cuts affect upcoming cellphones, like any potential successors to its super-slim MEDIAS N-04C seen above.

Continue reading NEC will cut 10,000 jobs after forecasting .3 billion annual loss, mostly in mobile phone biz

NEC will cut 10,000 jobs after forecasting .3 billion annual loss, mostly in mobile phone biz originally appeared on Engadget on Sun, 29 Jan 2012 15:56:00 EDT. Please see our terms for use of feeds.

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It might not be making as much money as the competition in Cupertino, but that doesn’t mean Samsung isn’t raking in cash at an astonishing clip. We reported earnings estimates a few weeks ago, but now it’s official that the firm posted a 5.3 trillion won (.7 billion) operating profit in Q4 2011. That represents over a 2 trillion won (.8 billion) increase year over year. In all, it pulled in 47.3 trillion won ( billion) in sales, thanks in no small part to the over 300 million phones Sammy sold last year. While mobile accounted for roughly 40 percent of company sales and half of its operating profit (2.6 trillion won, or .3 billion), its semiconductor business did almost as well, raking in 2.3 trillion won ( billion) in profit over the same period. Samsung’s Display Panel business outperformed 2010 — buoyed by strong sales in LED televisions — as sales were up almost 20 percent, to 8.55 trillion won (.6 billion).

Samsung 2011 Q4 earnings official: billion in sales, .7 billion operating profit originally appeared on Engadget on Thu, 26 Jan 2012 19:37:00 EDT. Please see our terms for use of feeds.

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