T-Mobile USA released its first quarter 2011 results today. T-Mobile is still in fourth place behind Verizon, Sprint and AT&T, but could shoot straight to the top if its merger with AT&T is approved. Deutsche Telekom CEO Rene’ Obermann said in a press release that until that deal is complete, T-Mobile USA will continue to “compete aggressively” in the United States. It’s going to need that fire because T-Mobile USA is losing its contract customers.

Sony: Once an electronics giant that ruled the portable music market, is getting hit once again. Here’s a rundown of all the fun happenings in the world of Sony. National pride isn’t enough to keep Sony sales up in Japan. Sony’s joint venture with LM Ericsson is expecting a loss. The PS3 is getting whupped by Microsoft and Nintendo. Maybe there’s some good news in there? Keep reading for details.