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The world’s largest mobile phone operator by the number of subscribers, China Mobile, reported first quarter results. As expected, they rock, again.
Highlights:
- Profits reached 24.1 billion yuan (US$3.4 billion), a 37% rise over the year-earlier.
- Net income jumped from 17.6 billion yuan the previous year to beat average analyst estimates of around 23.6 billion yuan.
- Sales rose 20% to 93.02 billion yuan.
- Total number of subscribers rose by a record 22.8 million to reach 392.1 million, suggesting that China Mobile added more than 7 million new customers a month.
- On the downside, ARPU fell from 85 to 82 yuan due to the mobile operator’s expansion into rural areas.
Finally, according to China Mobile’s CEO Wang Jianzhou, they managed to win subscribers from two fixed-line players, China Telecom and China Netcom, as more and more customers switched to mobile.
[Via: Bloomberg]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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