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Nokia sales fall 7% in Q3 as mobile market softens

2016-10-27 07:46:00| Telecompaper Headlines

(Telecompaper) Nokia reported third-quarter pro forma sales down 7 percent year-on-year to EUR 5.95 billion, hurt by a slowdown in the mobile network market. Sales at the Networks business fell 12 percent annually to EUR 5.32 billion but were up 2 percent from the second quarter, in line with the company's forecast for sequential improvement. The licensing division Nokia Technologies did much better, more than doubling revenues to EUR 353 million thanks to the company's new agreement with Samsung. Adjusted operating profit fell 18 percent to EUR 556 million, and the margin of 9.3 percent was down from 10.7 percent a year ago but an improvement from 5.8 percent in Q2.

Tags: sales market mobile fall

Apple iPhone sales fall, but beat estimates

2016-10-25 23:47:45| BBC News | Business | UK Edition

Apple reports its third quarter in a row of falling iPhone sales, but sales beat analyst expectations.

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Apple sales fall as expected, sees stronger Q4

2016-10-25 23:22:00| Telecompaper Headlines

(Telecompaper) Apple reported lower sales on an annual basis for the third consecutive quarter in Q3, but the 9 percent drop to USD 46.85 billion was in line with the company's outlook. Net profit dropped to USD 9.01 billion or USD 1.67 per share from USD 11.12 billion or USD 1.96 per share a year ago. With the iPhone 7 only launching in late September, revenues from the company's flagship product fell 13 percent year-on-year but were up 17 percent from the previous quarter to USD 28.16 billion. Unit sales reached 45.51 million, down 5 percent on an annual basis and 13 percent higher compared to the previous quarter.

Tags: sales fall expected apple

UK apparel September sales fall on weather woes

2016-10-21 15:56:00| Daily apparel & textile news and comment - from just-style.com

UK retail sales showed strong growth in September, but clothing and footwear emerged as the worst performing category - weighed down by warmer weather and "uninspiring" collections.

Tags: september sales fall weather