Apple reports Q3 results, sells 20.3 million iPhones

Apple Inc. (Cupertino, Calif., U.S.A.) on Tuesday announced financial results for its fiscal 2011 third quarter, which ended on June 25. The company posted record quarterly revenue of $28.57 billion and a quarterly net profit of $7.31 billion. These results compare to revenue of $15.70 billion and a net quarterly profit of $3.25 billion in the third quarter of 2010.
Gross margin was 41.7% compared to 39.1% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.

ATA calls FCC effort in Rural Healthcare 'disturbing'

Last week the American Telemedicine Association (ATA) submitted a letter to Julius Genachowski, chairman of the U.S. Federal Communications Commission (FCC), regarding the “poor administration of the Rural Healthcare program.”

The Rural Health Care Program is designed to provide discounts to eligible rural healthcare providers for telecommunication services and monthly internet service charges. It also aims to deploy telehealth services where immediate health services are not readily available.

France Telecom makes bid on DR Congo mobile operator

Reuters

France Telecom is weighing a bid for the fourth-largest mobile operator in the Democratic Republic of the Congo, as part of its effort to expand in fast-growing markets in the Middle East and Africa.

A deal for Congo-China Telecom (CCT), still being negotiated, would involve buying a 51% stake owned by Chinese telecom vendor ZTE , and the 49% that the national government has put up for sale.

Apple tests new chips with TSMC, moves away from Samsung

Reuters

On Friday a source close to the matter reported that TSMC (Hsinchu, Taiwan), a semiconductor manufacturer, has begun trial manufacturing of next generation chips for Apple Inc's (Cupertino, Calif., U.S.A.) mobile devices, a sign that Apple is moving away from its long-time chip supplier, Samsung Electronics (Seoul, South Korea).

China Telecom plans to launch iPhone

Reuters

China Telecom (Beijing, China) plans to offer its 106 million subscribers the Apple Inc (Cupertino, California) iPhone by the end of 2011, sources said on Wednesday.

The move would help China Telecom, the smallest of the country's three telecommunications operators, establish more 3G users in a competitive market. China Telecom operates the country's largest fixed-line network and is a relative newcomer to the mobile market.

Telecom Italia to buy AES Atimus in $1 billion deal

Reuters

Telecom Italia (Rome Italy), the country’s largest telecom operator, is set to buy Brazilian fiber-optic grid company AES Atimus (Rio de Janeiro, Brazil) for $1 billion.

Like European peers including France Telecom and Portugal Telecom, Telecom Italia has pursued growth in emerging markets to offset weaker growth at home.

The Italian company, Europe's No.5 telecoms operator, has relied on its Brazilian unit to drive growth in recent years and this deal is expected to further its prospects in Latin America.

Analysis: Apple, Samsung argument may spur supplier shakeup

Reuters

An intensifying quarrel between technology companies, Samsung (Seoul, South Korea) and Apple (Cupertino, Calif., U.S.A.) is triggering expectations that both companies will be looking to partner with other companies in the near future.

Last year, Apple was Samsung's No. 2 customer, accounting for $5.7 billion of sales tied mainly to semiconductors, according to Samsung's annual report. It has since become Samsung's top client.

SK Telecom battles for $2.3 billion Hynix stake

Reuters

SK Telecom (Seoul, South Korea), South Korea’s largest wireless carrier, and STX Corp (Jinhae, South Korea), a trading services company, entered the fray to buy a $2.3 billion stake in Hynix Semiconductor (Icheon, South Korea), the world's No. 2 computer memory chipmaker.

Both companies said they had submitted their initial interest to creditors for the 15% stake in the first round of bidding which closed on Friday. A successful bid would mean a shift in focus and a first step into the computer chip business for either firm.

Companies making major push for the Cloud

Last month Apple Inc. (Cupertino, Calif., U.S.A.) came out with the iCloud, a cloud service unique to its products. Since then, more companies have been announcing their moves into the cloud computing business.

On Monday, Microsoft (Redmond, Wash., U.S.A.) CEO Steve Ballmer spoke at Microsoft’s annual Worldwide Partner Conference, and urged its partners to join Microsoft as it moves into cloud technology.

TerreStar $1.4 billion sale to Dish approved by Court

Reuters

A judge last Thursday approved TerreStar Networks Inc's (Reston Va.) proposed $1.375 billion sale to Dish Network Corp (Meridian, Colo.), pushing the satellite communications company a major step closer to emerging from a 9-month stint in bankruptcy.

TerreStar had more than $1 billion of debt when it sought Chapter 11 protection last October.

The company, which tried to market the first satellite smartphone, had been coveted for its roughly 20 megahertz of spectrum.

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