fiscal Q1 earnings

Qualcomm president and CEO Cristiano Amon (pictured) warned declines in revenue from devices would continue, as the company revealed a drop in earnings during its fiscal Q1 2023 (the period to 25 December 2022).

Apple CEO Tim Cook declared a challenging environment over the last three months of 2022 which included the shutdown of a key Chinese factory that makes iPhones led to a decline in revenue.

Japan-based SoftBank Corp blamed a drop in profit and mobile service revenue on the introduction of lower tariffs and an increase in customers switching to lower-cost sub-brands Yahoo Mobile and Line Mobile.

Vodafone Idea booked its strongest revenue growth since its creation in 2018 during its fiscal Q1 2023 (to end-June) on ARPU gains, while its sizeable losses narrowed marginally.

Japanese operator KDDI detailed plans to compensate more than 35 million subscribers affected by a major network outage earlier this month, a failure which could yet result in official government reprisal.

BT Group CEO Philip Jansen (pictured) noted the UK operator made a good start to the current financial year, returning to revenue growth in fiscal Q1 (to end-June) despite continued challenges in its enterprise business.

Vodafone Group CEO Nick Read (pictured) conceded the UK-based operator group was not immune to macroeconomic challenges, but insisted it remained on track to meet guidance for its full year performance after a broadly positive fiscal Q1.