With Instagram recently having been acquired by Facebook for $1 billion and OMGPOP, makers of Draw Something, cashing in for $200 million, developers are attacking the mobile app space with a renewed vigor. Before jumping head first into a new project aiming to be the next big acquisition target, developers might be wise to look over a white paper recently put together by App Promo. (more…)

Rovio on Monday announced the company’s financial results for 2011. The mobile game developer generated $106.3 million in sales based on the success of its Angry Birds games and strong merchandising business. “The strong growth in revenue clearly demonstrates the popularity of the Angry Birds brand.” Mikael Hed, Rovio CEO said. “The heavy investments made in 2011 to all business areas will be seen in future products. To ensure continuous success we need to be creative and stay focused on ente...

Nokia continues to struggle as the once dominant cell phone maker continues to lose share in both the smartphone and broader mobile market. The Finnish vendor’s Lumia handsets have yet to take off and Nokia’s stock has tumbled 90% over the past five years. Nokia CEO Stephen Elop may look toward his former employer, Microsoft, to step in and help the troubled handset maker, Reuters suggests. The company’s partnership with the software giant is seen as a last chance to turn its business arou...

HTC’s new line of One-series smartphones launched on April 2nd in Europe and parts of Asia, but HTC’s performance hasn’t yet caught up to the impressive earnings it managed last year. HTC reported six consecutive months of record revenue in 2011 before increased competition from Samsung and the launch of Apple’s iPhone 4S began a steep slide that continued last month. HTC on Monday announced that its consolidated revenue for the month of April totaled NT$31.03 billion, or approximately...

Motorola Mobility on Tuesday reported its financial results for the first quarter. The struggling vendor managed $3.08 billion in sales, narrowly topping Wall Street’s $3.03 billion revenue estimates as Motorola continued to work toward the finalization of Google’s $12.5 billion acquisition. Motorola’s loss of $0.28 per share, or $86 million, missed analysts’ consensus by a penny per share, however. Revenue from the company’s mobile division increased 3% as Motorola shipped 5.1...

Despite the fact that Samsung surpassed Apple in terms of global smartphone market share, Apple’s iPhone generates more revenue than Samsung’s entire mobile division, according to data from Juniper Research. “Apple’s revenues from its ‘mobile division’ continues to remain significantly higher than Samsung’s, even when you take into account the latter’s feature phones,” Juniper research analyst Daniel Ashdown said. Apple’s iPhone revenue was $22.7 billion in the first quarte...

Samsung managed to top its pre-announced earnings when it reported results for the first calendar quarter of 2012 on Friday morning. The company reported a record operating profit of 5.85 trillion Korean won, up 98%, and a consolidated net profit of $5.05 trillion won, up 82% over the same quarter last year. Revenue came in at 45.27 trillion won, beating expectations. TV and semiconductor sales were down in the quarter, but any potential impact was offset by strong sales of high-margin display panels and m...

Amazon on Thursday reported its financial results for the first quarter of 2012. Analysts were looking for a profit of $0.07 per share on $12.86 billion in sales, and Amazon posted earnings of $0.28 per share on revenue of $13.18 billion, crushing expectations. The retailer netted $0.38 per share on revenue of $17.4 billion this past holiday quarter, and $0.44 per share on $9.86 billion in sales during the first quarter last year. The nationwide retailer’s stock had been up and down all week as Wall St...

Huawei, the world’s sixth largest mobile phone vendor, said on Wednesday that it expects to ship more than 100 million mobile phones in 2012, including 60 million smartphones, Reuters reported. The Chinese company sold a total of 55 million handsets, including 20 million smartphones, in 2011 and is now looking to increase its global market share with a focus on key markets. “We plan to target China, the United States, western Europe and Japan as key markets,” said Shao Yang, chief marketing ...

Even before the release of the first Android tablet and the Honeycomb operating system, Google predicted its partners would sell more than 10 million tablets a year beginning in 2011 and capture up to one-third of the market by 2012, The Verge reported. The information comes from Google’s testimony in an ongoing trial with Oracle. Android Senior Vice President Andy Rubin made the prediction based on tablet market data from Morgan Stanley, which estimated a total of 46 million tablets would be sold by ...

Despite early-morning jitters on Wall Street, Apple on Tuesday reported yet another blow-out quarter. The Cupertino, California-based company managed the second most profitable quarter in its history, posting a net profit of $11.6 billion on $39.2 billion in sales. Apple sold 35.1 million iPhones into channels last quarter, along with 11.8 million iPads, 7.7 million iPods and 4 million Mac computers. While the firm continues to dominate the technology industry — Apple is currently the most valuable company ...

Sprint posted its first-quarter financial results on Wednesday ahead of the bell. Analysts were anticipating another rough quarter, and Wall Street’s consensus had the nation’s No.3 carrier losing $0.42 per share on revenue of $8.71 billion. The numbers are now in and Sprint beat analysts’ expectations, reported a loss of $0.29 per share, or a net loss of $863 million, on $8.73 billion in sales. Sprint’s subscriber count was also in the spotlight ahead of Tuesday morning’s earn...

Apple on Tuesday reported a huge quarter, crushing analysts’ estimates for the second fiscal quarter of 2012. During the earnings call that followed the company’s release, Apple executives were asked if they feared a potential squeeze on carrier subsidies, talk of which recently sent Apple’s stock tumbling. “Our focus is on making the very best smartphone in the world,” Apple CEO Tim Cook responded while brushing off the notion that carriers might be looking to squeeze iPhone s...

After a rough month that saw Apple’s stock tumble nearly $90 from a high of $644 earlier this month to as low as $555.18 on Tuesday, Apple reported its earnings for the second fiscal quarter on Tuesday after the market closed. Following a last-minute round of panic that swept Wall Street, Apple posted a net profit of $11.6 billion, or$12.30 per share — up 94% year-over-year — on revenue of $39.2 billion, crushing the Street’s consensus. Analysts were expecting earnings of $10.06 per share on...