But profit falls 23% on weakness in the Korean company's other divisions. UPDATED with chart.

Yes, porn is involved.

The growing consumer and business demand for smart phones is predicted to boost technology company Rakon’s takings for the second half of the year, the Auckland-based company announced today.

The company published its first half earnings today. There were no surprises, as it gave guidance in September on its performance during its capital raising exercise.

Recession-proof.

The latest IDC stats reveal Kiwis may be going without a lot, but not a new iPhone or BlackBerry.

In the first three months of this year, the total number of cellphones shipped was down 47% year -on-year to 210,500.

Mr Novosel put the “extremely weak” first quarter down to the recession, and a big fall off in shipments of CDMA phones (those compatible with Telecom’s old mobile network).