AME Info, Abu Dhabi, United Arab Emirates, telecommunications briefs
Oct 30, 2012 (Menafn - AME Info - McClatchy-Tribune Information Services via COMTEX) --APPLE, SAMSUNG GENERATE 106 percent OF INDUSTRY'S EARNINGS: Global investment bank Canaccord Genuity has said Apple and Samsung are now generating more 106 percent of the industry's earnings, Cnet has reported. This was achieved because rivals like Research In Motion, Nokia, and Motorola posted operating losses during the September quarter, the firm said. It is the second quarter in a row that the two companies captured more than 100 percent of the industry's profits, said Canaccord analyst T. Michael Walkley. In the second quarter, Apple and Samsung held 108 percent share.
MOBILE PHONE SUBSCRIBERS IN UAE REACH 12.9 MILLION: According to figures by the UAE Telecoms Regulatory Authority (TRA), more than 88,000 new users joined the country's mobile phone market in August taking the total number of subscribers to a record high of around 12.9 million, Emirates 24-7 has reported. With this, the UAE maintained its position as having one of the world's highest mobile phone penetration rates, standing at 159 percent at the end of August this year. The report showed around 913,000 new service users joined Etisalat and Du during the month, boosting the total number of subscribers to mobile phones, fixed landlines, and internet to an all-time high of nearly 15.78 million at the end of the month.
ETISALAT EYEING ACQUISITION DEALS OVER NEXT 18 MONTHS: Etisalat has said it expects a shakeout in the sector to throw up takeover opportunities in the next 18 months and wants to be ready, Reuters has reported. The crisis in the market will provide M&A opportunities over the next 18 months. We would like to be ready when those opportunities are there," chief executive Ahmad Julfar told the news service. "Telecoms is a very capex intensive business. It is a long-term investment and sustainability is crucial to us so we have to look at how to best invest our money," he said.
SMARTPHONE SALES MORE THAN 50 percent OF SAMSUNG RECORD Q3 INCOME: Samsung Electronics has said its net profit has almost doubled to a record 6.6trn won (5.97bn) in the third quarter, powered by strong smartphone sales and huge demand for display panels, AFP has reported. The world's largest technology firm by revenue also saw a record operating profit in July-September of 8.12trn won, up 91 percent from the same period last year. Samsung said its mobile communications business took in 26.25trn won in revenue for the quarter, accounting for more than half the company's total.
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