T-Mobile reports another strong quarter with 798K new postpaid phone subscribers

T-Mobile this afternoon released its quarterly earnings report for the first three month period of 2017. Covering January through March, the nation’s third largest carrier added 798,000 postpaid phone subscribers. Considering that Verizon lost 289,000 customers in this category for its first quarter, T-Mobile seems to be running on all cylinders. The company says that it alone will be responsible for 250% of the industry’s growth in the quarter. The postpaid phone churn for the three months was a record low 1.18%, down 15 basis points from last year, and 10 basis points from the fourth …


Verizon reports a drop in postpaid phone subscribers for the first quarter of 2017

Verizon released its first quarter earnings report today. The nation’s largest carrier had revenue from January through March of $20.9 billion, which was 5.1% lower than what Big Red grossed a year earlier. Verizon blamed the decline on a drop in revenue received from overages, the cost of promoting the business, and a decline in the number of postpaid customers. Of the 307,000 postpaid customers that left the carrier during the three month period, 289,000 were phone-related customers which is the holy grail of the industry. Still, postpaid phone churn came in under .90% for the eighth consecutive …

Samsung forecasts its best quarter in four years, to haul in $8.8 billion in profits

After much uncertainty how would Samsung do in the second quarter that the Note 7 wasn’t on sale, and only running on Galaxy S7 and S7 edge fumes, the ballyhooed analyst predictions turned out true in the end. Samsung itself just chipped in to release its earnings guidance for the first quarter of the year, and it seems that it will break a record again, thanks to stellar performance of its chip businesses.

Samsung is forecasting operating profit of no less than $8.8 billion for the January-March period, which would be its best quarter in four years. We’ll now …

WSJ: Apple's valuation soared by $144.8 billion during the calendar first quarter

Apple investors are now celebrating the company’s best quarter in five years. The three month period expired on Friday, March 31st, and during the quarter Apple’s valuation rose by $144.8 billion or 24%. Kicking off the strong buying interest among hedge funds, mutual funds and individual investors was Apple’s surprisingly buff fiscal first quarter earnings report which was released on January 31st. The report showed that Apple had sold a record 78.3 million units of the iPhone during the three months, thus ending a short streak of year-over-year declines in iPhone sales.

On January 31st, …

No joke; BlackBerry beats Wall Street expectations for the fourth quarter

BlackBerry, in the midst of transitioning from a hardware to a software company, topped Wall Street expectations with its latest earnings report announced this morning. For the fourth fiscal quarter which ended on February 28th, the company grew its top line by 12.2% to $193 million. BlackBerry has turned over design, production, marketing and sales of BlackBerry phones over to companies like China’s TCL. BlackBerry provides the software and collects a royalty based on sales.

The company also is involved with providing software to the IoT. It sells industrial software to manufacturers, and …

Verizon cuts price of Yahoo acquisition by $350 million, deal to close next quarter

Verizon and Yahoo have announced that because the latter had been hacked twice, the price of Verizon’s acquisition of the once proud internet company will be reduced by $350 million. That means Verizon will pay $4.48 billion for the company, down from the originally announced $4.83 billion. Yahoo had been hacked in 2013 and 2014 with the first one affecting over 1 billion Yahoo subscribers. It is considered to be the largest hack ever reported by a corporation. Yahoo will be responsible for any liabilities related to shareholder lawsuits and regulatory fines arising from the hacking, and both companies …

Apple's iPhone 8 OLED display orders may hit its margins with $50 million this quarter

According to Cowen & Company analyst Timothy Arcuri, Apple’s move to OLED displays for the iPhone 8 model will hit its gross margins with the power of a $50 million expense. The margin are expected to stay a flat 39% year-on-year in the March quarter precisely because of this OLED outlay. Otherwise it would have been higher since the price of components typically falls over time, and the profit from an iPhone sold becomes larger with each passing quarter.

As previously rumored, the iPhone 8 may sport a 5.8″ flexible OLED display sheet that will be curved …