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Tag: competition
DoCoMo shakes off slow iPhone start, sees tighter competition
2013-10-25 02:00:00| Total Telecom industry news
Japan's biggest mobile operator posted subscriber loss in September, despite mid-month Apple phone launch.
Tags: start
slow
competition
sees
LG mobile profits weaken on marketing costs, competition
2013-10-24 08:32:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a continued strong rise in mobile phone sales in the third quarter, but moved to an operating loss at the activities due to extra marketing costs for the launch of its flagship G2 smartphone. Mobile revenues rose 24 percent year-on-year to KRW 3.045 trillion. The operating loss was KRW 80 billion, versus a profit of KRW 61 billion in Q2 and a loss of KRW 5 billion a year earlier. LG shipped 12.0 million smartphones in the quarter, slightly less than 12.1 million in Q2. Shipments of LTE phones were up 31 percent from the previous quarter thanks to the introduction of the G2. LG said competition intensified, especially in the 3G market, leading to a lower average selling price. In Q4, it aims to grow sales in the premium segment with the further roll-out of the G2, as well as step up marketing for mass market LTE and 3G phones during the holiday season. Overall, LG Electronics reported quarterly sales up 4.6 percent year-on-year to KRW 13.89 trillion (USD 12.51 billion), as the growth in mobile offset a difficult TV market and negative forex effects. Operating profit improved to KRW 218 billion from KRW 172 billion a year ago, while net profit fell to KRW 109 billion from KRW 165 billion.
Tags: mobile
marketing
costs
competition
Smartphone competition weighs on LG earnings
2013-10-24 07:53:45| Electronics - Topix.net
A man uses his mobile phone near a banner advertising LG Electronics' G2 smartphone at downtown Seoul, South Korea, Thursday, Oct. 24, 2013.
Tags: competition
earnings
smartphone
weighs
Sobeys receives approval for Safeway purchase from Competition Bureau
2013-10-23 02:47:40| Grocery - Topix.net
The federal Competition Bureau has approved the $5.8-billion purchase of grocer Safeway Canada by Sobeys, but only on condition that the Nova Scotia-based supermarket operator put 23 stores in Western Canada up for sale.
Tags: purchase
approval
competition
bureau
Sobeys-Safeway deal approved by Canada's Competition Bureau
2013-10-23 02:47:39| Grocery - Topix.net
Empire Co Ltd, the operator of Canadian grocery chain Sobeys , said on Tuesday that Canada's competition watchdog approved its acquisition of substantially all of Safeway Inc's assets in Canada.
Tags: deal
approved
competition
bureau
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