Sure, Sprint may be in the process or purchasing Virgin Mobile USA to the tune of $483 million but that doesn’t mean its all peaches for the carrier.

Recent reports suggest that not only did they lose $384 million for Q2 of this year, but they also lost 257,000 subscribers. Make not that all of this happened right when Sprint took the Palm Pre under its wing.

So what is to happen to Sprint? Will they be on a steady decline or will the purchase of Virgin Mobile give them the boost they need? Only time will tell.

via EngadgetMobile

Tags: Business, Cell Phones, economy, financial report, Loss, Mobile News, Palm, recession, Sprint, Sprint, subscribers

Just yesterday it was spotted that the Palm Pre is now selling for $99 with a 2-year contract on Sprint. Today, we get confirmation that Verizon will in fact be selling Palm’s newest handset for their service early next year.

This news comes to use from an investor conference call that went down earlier today where they also announced that most of their earnings are up compared to last year.

However, the call wasn’t all good news as Verizon has stated that due to a 21% drop in profits they are going to cut close to 8,000 workers. Bummer.

Read (Verizon)

Tags: Business, Cell Phones, conference call, economy, exclusivity, investor, Mobile News, Palm, Palm Pre, recession, T-Mobile, Verizon, workforce

Earlier today we reported to you that Nokia posted some pretty frightening numbers for for their Q2 profits and it seems that Sony Ericsson is in the same boat.

As a result of the shakey economy, SE was said to have shipped 13.8 million phones in Q2 of this year compared to the 24.4 million they shipped in Q2 of 2008. Furthermore, sales were down to €1.7 billion this year compared to last year’s €2.8 billion. To top it all off, they lost around €213 million in the same quarter.

President of Sony Ericsson, Dick Komiyama, comments on the hardships:

As expected, the second quarter was challenging and we still believe the remainder of the year will be difficult for Sony Ericsson. Our focus remains on bringing the company back to profitability and growth as quickly as possible, and our performance is starting to improve due to our cost reduction activities. The new product portfolio that integrates communications, entertainment and social media applications should contribute to healthier topline development when shipments start later this year. We remain confident that the actions we are taking will further improve our financial situation and strengthen Sony Ericsson’s competitiveness.

Let’s hope that Sony Ericsson, along with Nokia, return to greatness sooner rather than later.

Read (Sony Ericsson) via BGR

Tags: Cell Phones, dick komiyama, economy, Mobile News, profits, recession, Sony Ericsson

Bet you didn’t even consider to this day how much it would cost to have your iPhone’s screen repaired in case of defect or accidents. For the record, the repair for such a part of an iPhone cost around $109.99. This price is the regular price from iPhone Screen 3G Repair. But now, placing into consideration the economy, they have lowered their prices to only $69.99. That is quite a savings you can get in case one of the most delicate part of your iPhone would get damaged.

One cannot tell when their iPhones would suddenly need LCD repairs or replacement. Being one of the most used part of the phone to make it work, it is not surprising that it may be one of the parts owners should be taking care of. And thanks to this price drop and special promotion, at least people can now address such a repair without worrying about the cost. Some may even give up and shelve their phone or worst, sell them at prices which may not even be worthy for an iPhone3G.

If you have fallen into the unfortunate problem of breaking your iPhone 3G glass or LCD unit, please visit iPhone 3G Screen Repair at http://www.iphone3gscreenrepair.com to act on this limited time offer.

(Source) Press

Tags: Accessories, Accidents, Cell Phones, economy, iPhone, iPhone, iphone cost, iphones, lcd repairs, limited time offer, unfortunate problem

The poor state of the economy isn’t good news for anyone, not even the world’s top cellphone maker Nokia. The Finland based company has recently announced that they have been forced to cut 490 positions bringing the total number of layoffs for this year alone over 4,000.

Nokia hopes that saying goodbye to these employees will help them reach their goal of cutting annual costs totaling almost $1 billion. With the cellphone market expected to shrink by 10% this year it’s probably in Nokia’s best interests to introduce such layoffs as unfortunate as it may be.

Read (Reuters)

Tags: Business, Cell Phones, cellphone market, economy, employees, finland, job cuts, Layoffs, Nokia, Nokia, recession

Similar to Toyota, Philips Electronics will be announcing its first quarterly loss after almost six years. And whenever there is a loss, you know it has something to do with the economy. To be able to offset it, job cuts are bound to follow and that is exactly what Philips has declared.

He announced that in addition to the 3,000 job reductions made in the fourth quarter, a further 6,000 would be cut during the current year.

The company, which sold most of its semiconductor business in 2006, declined to comment on possible job losses in the UK, where it employs 2,500 people, although all its worldwide operations are expected to be subject to the €400 million cost-cutting programme announced today.

(Source) Times Online

Tags: Cell Phones, economy, job cuts, job losses, Philips, philips electronics, toyota