It has been a couple of years since Apple introduced its iPhone 6, its most successful iPhone release ever. Fast forwarding to 2016 and the tech giant never really quite managed to replicate that level of success. What is worse is that sales seem to be getting slower every quarter.
AT&T confirmed over the weekend that it will be acquiring Time Warner for a sum of $85.4 billion, which makes it one of the most expensive acquisitions in history. The merger will be done via a half stock, half cash deal, and both companies are expecting the acquisition to be finalized by the end of next year.
Back in July earlier this year, we reported about Verizon Wireless’ plans to acquire Yahoo for $4.83 billion. In recent weeks however, Yahoo has hit some headlines that frankly does not do itself some favors. What we are referring to, of course, is the massive hack on Yahoo that could be considered the biggest one of its kind in history. The hack exposed the account details of at least 500 million customers.
Sprint has filed its preliminary quarterly financials with the Securities and Exchange Commission (SEC) just recently, and the results are mainly positive. The major US wireless carrier reported 344,000 net postpaid customer additions during the third quarter of this year, as well as registering 347,000 net postpaid phone additions, comfortably surpassing the 275,000 mark projected by Wells Fargo Securities.
For Apple, releasing the iPhone SE was not such a bad idea after all. The tech giant normally releases new iPhone models during the later part of any given year, but the iPhone SE was a departure of that norm, having been introduced back in March early this year.
T-Mobile's Binge On service is on a roll right now. The video streaming feature has recently added 16 new video content providers, which means that as of latest count, the service now has over a hundred partners delivering zero rated video content to subscribers of the third biggest wireless carrier in the United States.
The second quarter of this year has seen two of the biggest major wireless carriers in the United States battle it out with their respective rewards programs. AT&T was the first to open fire, introducing its AT&T Thanks rewards program in the early part of June. AT&T Thanks offered benefits such as a buy one, get one deal that promises free movie tickets on Tuesdays, plus some other freebies.
Sprint has just released its earnings report for the first quarter of this year, and the results are quite mixed. With regards to financial losses, it appears that the fourth biggest wireless carrier in the United States continues its struggles, registering a loss in the amount of $554 million (or $0.14 a share) on revenue of $8.07 billion. Compared to how the company did during the first quarter of 2015 when it posted a loss of $224 million (or $0.06 a share) on revenue of $8.28 billion, it certainly is not an improvement.
AT&T might have registered a significant and welcome increase in terms of margins in consumer wireless during the first quarter of this year, but alas, the second biggest wireless carrier in the United States has also reported a net loss of 215,000 postpaid phone subscribers during the first three months of 2016.
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