Arab Today, arab today china mobile 2012 growth slows to 27
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

China Mobile 2012 growth slows to 2.7%

Arab Today, arab today

Arab Today, arab today China Mobile 2012 growth slows to 2.7%

Hong Kong - AFP

China Mobile, the world\'s biggest mobile operator by subscribers, on Thursday said its 2012 net profit slowed to 2.7 percent, blaming intensified competition in the country. The figures come after reports the firm held talks with Apple chief executive Tim Cook in January in Beijing, raising hopes it will soon begin offering the iPhone. Net profit for the 2012 fiscal year rose to 129.38 billion yuan ($20.79 billion) compared to 125.98 billion yuan in 2011, the company said in a filing to the Hong Kong stock exchange. Revenue was up 6.1 percent at 560.41 billion yuan. The growth rate was slower than the 5.2 percent expansion it recorded in 2011, as more industry players compete for a piece of the pie in China, the world\'s largest smartphone market. \"Competition among communication operators is becoming increasingly fierce due to the increasing saturation in the communications market,\" the firm said. China Mobile said its subscribers rose 9.3 percent to 710 million, including 87.93 million 3G customers, thanks to the country\'s \"steady economic growth and the rapid development of the information and communications technology sector.\" The firm said revenue for last year was mostly driven by its data business. -- Dow Jones Newswires contributed to this report --

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china mobile 2012 growth slows to 27 Arab Today, arab today china mobile 2012 growth slows to 27

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china mobile 2012 growth slows to 27 Arab Today, arab today china mobile 2012 growth slows to 27

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday