Worldwide mobile phone market posts healthy gains
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Worldwide mobile phone sales exceeded 156.4 million units in the second quarter of 2004, a 35 percent increase over the second quarter of 2003, according to a report released this week by Gartner Inc.
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Investor's Business Daily - Cell phone makers used this month's 3GSM industry gathering in Barcelona to recharge the market for handsets with advanced applications such as mobile television, music downloading and location services.
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The number of mobiles with GPRS and MMS technology has doubled since last year, figures show.
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Robust demand for cheaper phones  boosted third-quarter earnings at Nokia Oyj, the world's  biggest maker of mobile phones, with the better than expected  result sending its shares sharply higher.
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Samsung Electronics posted a 46 percent gain in earnings, despite a dip in its cell phone and telecom-equipment business. Separately, Sony Ericsson posted a 29 percent year-over-year increase in sales during the third quarter.
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Robust demand for cheaper phones lifted third-quarter earnings and the better than expected results sent the companyâs shares sharply higher.
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Celtel, a pan-African mobile phone operator with a strong presence in sub-Saharan Africa, has reported a near 50 per cent rise in revenues as it benefits from rising mobile phone penetration across the region.
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Vodafone sees its customer base rise more than expected in the last quarter of 2006, thanks to emerging markets.
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Swedish telecommunications equipment maker Ericsson today reported a return to net profit in the third quarter, lifted by healthy growth in its international markets.
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Worldwide mobile phone subscribers totalled nearly 1.5 billion by the middle of this year (about one quarter of the world&#39;s population), according to the International Telecommunication Union.
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Robust demand for cheaper phones  boosted third-quarter earnings at Nokia Oyj, the world's  biggest maker of cell phones, with the better than expected  profits sending its shares higher.
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Plus: Alltel profit, revenue rise...SanDisk earnings top estimates...SAP revenues solid, outlook moderate...Phone sales boost Nokia profits past forecasts.
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European share indexes opened a touch firmer on Wednesday as a deluge of company updates flooded the market, with mobile phone giant Vodafone leading the way higher after posting a big rise in subscriber numbers.
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Nokia, the world's leading mobile phone maker, posted Thursday an 85 percent rise in third quarter net profit to 1.56 billion euros (2.22 billion dollars) even though mobile phone sales were only up by three percent.
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Analysts expect worldwide shipments of mobile devices to continue to grow at huge rates.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Strong sales of its latest mobile phones help Motorola report strong profits ahead of Wall Street expectations.