Tag Archives: earnings

Verizon revealed during its fourth-quarter earnings call Tuesday that one in three of its wireless customers now uses a 5G phone as its 5G network continues to expand. The largest carrier in the US got more of its customers to upgrade to 5G phones, which means converting them to pricier Unlimited plans required to access …

Netflix’s saw its market value plunge Friday, a day after the company predicted it will add far fewer subscribers than expected in the first months of 2022, the latest bumps in the road for the world’s biggest subscription streaming service.  Netflix stock plummeted on the news, as investors appeared to second-guess their optimism in subscription streaming as a business model. In …

T-Mobile has continued adding customers to its network, announcing on Tuesday that it brought on 673,000 postpaid phone customers during its third-quarter earnings.  The carrier added a total of 1.3 million postpaid users to its network during the period. Postpaid customers, who pay at the end of the month, are valued more highly by the investment community as a key …

Apple warned on Thursday that it continues to struggle with supply chain disruptions as it ramps up for an expected holiday shopping crunch following the release of its iPhone 13, new iPads, Apple Watches and Mac computers.  Apple said that iPhone sales jumped nearly 47% in the three months ended Sept. 25, as consumers snatched up the new iPhone 13. …

Rather than an eye-catching new design or a major upgrade beyond superfast 5G wireless, Apple’s new iPhone 13 focuses on less flashy upgrades like better cameras, higher-quality screens and longer battery life as its key selling points. And on Thursday, Wall Street will get its first glimpse at whether that’s enough to excite customers. That’s when Apple is due to …

Twitter’s user base grew 13% in the third quarter as it experimented with features to keep people on its platform. But the microblogging site swung to a loss on a one-time litigation charge even as it appeared to weather changes to Apple’s mobile operating system that have affected other social media companies.    Twitter has focused on creator tools, live …

Facebook didn’t get a new name as widely expected, but the social network did unveil a new reporting structure. On Monday, the social media giant said it would begin reporting results as two businesses: its core family of social networking apps and its Facebook Reality Labs, which houses its augmented and virtual reality efforts. Under the new structure, which will …

AT&T again saw wireless customers return to the service amid aggressive promotions — particularly for the iPhone 13 — as overall profits surged in the third quarter.  The company posted a net gain of 928,000 postpaid phone customers, or people with higher credit scores who pay their bills at the end of the month, which it said was the highest …

Netflix added 4.28 million subscribers in the most recent quarter, riding an unexpected wave of global interest thanks to its breakout hit Squid Game that helped turned the company’s biggest region — the US and Canada — back to growth and that recruited another wave of members in Asia.  Netflix’s global reach, allowing creators access to broad audiences, had “no better example …

Many people throughout the US opted not to get a life-saving COVID-19 vaccine, despite its widespread availability throughout the spring and summer. Now coronavirus cases and deaths are ticking up across the US as we head into the fall, raising alarms with health officials and, apparently, Apple too. The tech giant’s already told employees it’s delaying return-to-office plans until October at …