China Mobile first-quarter profit rises 3.5 percent

The carrier now has 667 million mobile users

China Mobile's first-quarter net profit rose 3.5 percent year on year, despite growing competition from rivals, the company reported Friday.

China Mobile made net profit reached 27.8 billion yuan (US$4.4 billion) for the first quarter, up from 26.9 billion yuan a year earlier.

Revenue reached 127.4 billion yuan, increasing by 7.8 percent from a year earlier.

China Mobile's customers at the end of the quarter numbered 667 million, adding an additional 17.6 million users over the three-month period. The carrier's 3G users, however, remain at less than 10 percent of total users, numbering 59.6 million users.

Despite China Mobile being the country's largest carrier by number of subscribers, the company has struggled to expand its smartphone offerings to keep up with the competition.

Rivals China Unicom and China Telecom both offer Apple's iPhone, along with many of the hottest smartphone devices on the market. China Mobile, however, has yet to strike a deal with Apple to design an iPhone that can work on the carrier's 3G TD-SCDMA network, a homegrown standard used only in China.

Attracting more users to China's 3G networks remains crucial to improving the carriers' revenues. For the past quarter, voice usage among users was down 1 percent from a year earlier. But wireless data traffic usage was up by 3 percent.

While China Mobile's profit rose, the 3.5 percent year-on-year growth is slower than 5.4 percent increase the company saw a year earlier.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?