Nokia’s $755 Million Q3 Loss and Two Other Stories You Need to Know
Welcome to this morning’s edition of “First To Know,” a series in which we keep you in the know on what’s happening in the digital world. Today, we’re looking at three particularly interesting stories.
Nokia Reports $755 Million Loss in Q3 2012
The struggling Finish mobile giant generated €7.2 billion ($9.4 billion) in sales and sold 2.9 million Lumia devices in the quarter.
Apple Loses Tablet Patent Battle in the UK
In July 2012, the UK court famously explained that Samsung’s Galaxy tablet, despite certain similarities, is simply “not as cool” as the iPad to be confused with that device. Now, it upheld the ruling, which also forces Apple to run ads in printed newspapers and on websites stating that Samsung did not copy the iPad.
Verizon Announces Q3 2012 Results, Sees Strong LTE Adoption
Verizon has added 1.5 million postpaid users in Q3 2012, increasing its user base to 96 million, the company has announced. Smartphone sales in Q3 were 6.8 million, and 4.5 million LTE devices were activated in the quarter, up from 3.2 million in Q2.
Total operating revenues in the quarter were $29 billion on a consolidated basis, an increase of 3.9%t compared with the same period last year. Consolidated operating income in Q3 was $5.5 billion, up from $4.6 billion in Q3 2011.
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