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.
Yep, T-Mobile is definitely on a roll right now. Indeed, the third biggest wireless carrier in the United States has posted another quarter of more than 2 million new customer additions, its fourth in a row (nailing the 2 millionth mark six times out of the past seven quarters). Oh, and the mobile network provider also managed to register a profit during the first quarter of the year. For the first three months of 2016, T-Mobile gained a net total of 2.2 million customers, bringing its total customer count to over 65.5 million people. Meanwhile, its customer turnover rate has remained steady at 1.33 percent. During the first quarter of the year, the wireless carrier also sold or leased 8.8 million units of smartphone devices.
AT&T has recently released its earnings report for the first quarter of 2016, registering revenues of $40.5 billion (or $0.72 a share), a figure that represents a significant improvement over the $32.6 billion it posted during the first quarter of 2015. This number also comfortably surpassed projections set by industry watchers from Wall Street. Analysts had expected the second biggest wireless carrier in the United States to report a profit of $0.69 per share.
Back in January early this year, Apple had projected that total company earnings will possibly take a dip by the first quarter of 2016, which meant that April of this year, the tech giant will likely register a slump in sales for its iPhone devices, the first ever in the history of its highly popular smartphone lineup.
LG has announced that it is expecting to register an operating profit of $439 million during the tech giant’s most recent quarter. This amount represents a 65.5 percent improvement over the same quarter last year. However, the status of the South Korean company’s mobile division is not yet made clear.
As picked up by the Wall Street Journal, Katy Huberty, an analyst from financial services firm Morgan Stanley, has stated that the demand for Apple’s iPhone devices this quarter has actually exceeded expectations. She has added that the upcoming new iPhone model could supply an extra boost to iPhone demand.
To summarize the performance of the Big Four wireless carriers in the United States (namely Verizon Wireless, AT&T, T-Mobile, and Sprint) during the final quarter of 2015, Fierce Wireless published a report based on information provided by research firm Strategy Analytics showing how each major wireless carrier fared in terms of the number of subscribers, net additions, postpaid smartphone net additions, churn rate (customer turnover rate), and average revenue per user (ARPU).
AT&T is yet to formally publish its official fourth quarter earnings report for 2015. However, Wells Fargo Securities has already made some predictions (and even recently adjusted its estimates) regarding the latest quarter performance figures for the second biggest wireless carrier in the United States. According to Wells Fargo, AT&T will report fewer additions of postpaid subscribers compared to what was previously estimated, on account of less aggressive promotional efforts than what the wireless carrier had managed in the last few years. Wells Fargo, however, forecasted that AT&T will post higher EBITDA margins (earnings before interest, tax, depreciation, and amortization).
Apple also had a pretty good holiday season, in terms of sales generated from its App Store. As a matter of fact, the iPhone maker actually posted record revenue numbers during the last month of 2015. Just this week, the mobile giant reported that iOS users spent over $1.1 billion on mobile apps and in-app purchases over the holidays (ending in January 3rd of 2016), and in the process achieving new records not only in the volume of purchases but also in traffic at the App Store.
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