Earnings warning hints at weak iPhone 8 sales; iPhone 7 is the most popular phone during Q3

Pegatron, one of the contract manufacturers used by Apple to assemble the iPhone, warned today that demand for the Apple iPhone 8 could be weak during the first quarter of 2018. The company said that it often experiences a seasonal slowdown during the start of a new year. Jeff Pu, an analyst at Yuanta Investment Consulting, predicts that Apple will slash orders for the iPhone 8 by 50% during the first quarter. Pegatron produces the iPhone 8 while Foxconn assembles the iPhone 8 Plus and the iPhone X. Apple contributes 60% of Pegatron’s revenue and is the company’s top customer.

In addition, …


Verizon added 274,000 net new postpaid phone subscribers in Q3, up 13% over last year's figure

The third quarter earnings season is now here, and first out of the gate is Verizon. For the period covering July through the end of September, Big Red added 274,000 net new postpaid phone subscribers. That is a 13.2% gain over the 242,000 added during the third quarter of 2016. Overall, Verizon added 603,000 net new subscribers including 91,000 net new tablet users and 238,000 using other connected devices including wearables. At the end of the third quarter, Verizon counted 109.7 million retail postpaid and 5.6 million retail prepaid connections.

With a retail postpaid churn rate of .75%, …

CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

On Friday, Samsung announced that the CEO and Vice Chairman of Samsung Electronics, Kwon Oh-hyun, plans to resign. He is known as “Mr. Chip” for turning Samsung into the world leader in memory chips. The announcement shocked some Samsung followers. According to Park Ju-gun, head of research firm CEO Score, “The timing is nonsensical. Samsung tipped record earnings, it’s going to be better in the fourth-quarter, and all that’s been driven by Kwon’s components business.”

In addition to announcing Kwon’s resignation, Samsung said that it would report record third quarter operating earnings …

KGI cuts its Apple iPhone X shipping estimates for Q3 and all of 2017


Last month, KGI’s superb Apple analyst Ming-Chi Kuo (who had the best iPhone X leak of the year back in February) predicted that Apple would ship 2 million to 4 million units of the Apple iPhone X during the third quarter. For all of 2017, Kuo said that Apple would deliver 45 million to 50 million iPhone X handsets. But now, after Apple has announced that the tenth anniversary iPhone model won’t ship until November 3rd, KGI (and presumably Ming-Chi Kuo) has made some changes to its forecast.

With pre-orders of the Apple iPhone X not beginning until October 27th, Apple will actually ship …

Huawei could top Apple in Q3 handset shipments

A report published today forecasts that Chinese smartphone manufacturer Huawei will ship more handsets than Apple for the calendar third quarter, which ends at the end of September. Huawei has already stated that it has its sights set on eventually topping Samsung and Apple by 2021 to become the number one smartphone manufacturer in the world. Huawei’s supply chain says that the company expects sales of its P-series and M-series models to do well during Q3, along with its lower-end Honor branded phones.

During the third quarter, Huawei could deliver more than 40 million units, up from the …

Apple barely tops iPhone sales forecast for fiscal Q3; shares hit record high after hours

Apple this afternoon, reported sales of 41.03 million units of the Apple iPhone for the company’s fiscal third quarter. That narrowly beat Wall Street expectations of 40.7 million handsets forecast to be sold during the period. Year-over-year, the sale of iPhone units rose 2% for the fiscal third quarter, 3% if comparing revenue. On a sequential basis, 19% fewer iPhone units were sold during the fiscal third quarter compared to the fiscal second quarter. On a revenue basis, sequential sales declined 25%.

Adjusted earnings per share for the entire company rose to $1.67, which topped the Wall …

Nokia 9 may cost $699 in the US, to be released at the end of Q3

Although three of HMD’s Nokia-branded smartphones are expected to make their global debut in the next couple of weeks, fans are more excited about those devices that haven’t been announced yet.

For the moment, the Finnish company is not present at the top tier, a move that many consider wise since major brands like LG, Samsung and HTC have already announced their flagships for the first half of the year.

However, HMD does plan to compete with the likes of Samsung Galaxy S8, LG G6, and HTC U Ultra, just not right now. According to a new report, the Nokia 9 …