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US-INDUSTRY Summary

Netflix sees competition down, fees up if Comcast, TWC combine

Indonesia smartphone sales could fall 50 pct under tax plan -association

By Fathiya Dahrul and Randy Fabi JAKARTA (Reuters) - The Indonesian representatives of Apple Inc, Samsung Electronics Co Ltd and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models. The government is considering a 20 percent tax for smartphones retailing at or above 5 million rupiah ($430), which would make Indonesia the most expensive country in Asia to buy an Apple iPhone 5s.

SK hynix net soars more than four-fold in Q1

By Kang Yoon-seung SEOUL, April 24 (Yonhap) -- SK hynix Inc., the world's No. 2 memory chip maker, said Thursday its net profit surged 348.9 percent in the first quarter from a year earlier on the back of improved sales in dynamic random access memory (DRAM) chips. Net profit came to 802.2 billion won (US$771.7 million) in the January-March period, soaring from 178.7 billion won in the previous year, the company said in a regulatory filing.

Qualcomm's quarterly revenue growth dwindles, shares fall

By Noel Randewich SAN FRANCISCO (Reuters) - Qualcomm Inc <QCOM.O> on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.

Pakistan raises $1.1 billion with 3G, 4G licence auction

Pakistan on Wednesday raised more than $1.1 billion in its long-delayed auction of next-generation telecommunications licences, snapped up by the country's four existing mobile network providers. The government sold off four licences to provide 3G services, which allow broadband-speed internet on mobile phones, and one for superfast 4G connections. The total is close to the $1.2 billion estimated for the sale in the federal budget for 2013-14 but below a bullish prediction of $2 billion made by Finance Minister Ishaq Dar in January.

Sweden's Ericsson in $260 million Q1 profit as sales slip 9 per cent

STOCKHOLM - Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 per cent compared to the same period a year earlier. Net sales in the period dropped to 47.5 billion kronor from 52 billion kronor. Net profit in the same period last year was 1.2 billion kronor.

Telecom ministry to crack down on pirate phones

SEOUL, April 23 (Yonhap) -- South Korea's telecom ministry said Wednesday it will seek a law revision to slap fines of up to 100 million won (US$96,311) on those using mobile phones under borrowed names, a practice used widely in crimes and illegal activities to evade investigation. The Ministry of Science, ICT and Future Planning said it hopes to establish legal grounds by June to punish any activities related to using or inducing, advertising, and mediating the use of such "pirate" phones, with possible penalties also including a prison term of up to three years.

Chipmaker Skyworks forecasts upbeat quarter; shares up 12 pecrent

By Aurindom Mukherjee (Reuters) - Chipmaker Skyworks Solutions Inc's second-quarter results and current-quarter forecast beat Wall Street estimates, helped by strong sales of chips used to connect machines to the Internet. Shares of the company, whose radio frequency analog chips connect electronic devices to a network, rose 12 percent in extended trading on Tuesday.

China Mobile books lowest quarterly profit in five years as apps sap revenue

By Paul Carsten BEIJING (Reuters) - China Mobile Ltd <0941.HK> booked its lowest quarterly profit in five years as the world's biggest mobile carrier by subscribers struggled to compete with mobile Internet applications offering services such as messaging. China Mobile's traditional revenue sources such as phone calls and short messaging services (SMS) have rapidly lost out to apps such as Tencent Holdings Ltd's <0700.HK> popular WeChat, which allows smartphone users to communicate over data networks.

Philips reports 15.0% profit slump, flags in medical markets

Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment. Net profit plunged to 137 million euros ($190 million) because of a fall in underlying profit on a 12-month comparison. But this was better than the average figure forecast by analysts polled by Dow Jones Newswires who had expected a net figure of 114 million euros.
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