AT&T’s getting its wireless momentum back. The company boasted the strongest second quarter in 10 years in the key growth area of post-paid subscribers — or customers with higher credit scores who pay at the end of the month — and also saw growth in its HBO and HBO Max streaming service. The company has …
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Netflix added 1.5 million subscribers in its latest quarter, another period of much slower growth than the leaps in popularity it enjoyed a year earlier when people around the world were stuck at home and desperate for distraction in lockdown. Though Netflix added subscribers in most regions of the world, it lost members in the US and Canada — its biggest …
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Samsung expects its operating profit to surge in the second-quarter, likely fueled by higher chip prices and continued consumer demand for electronics during the pandemic. The company also said it benefited from a one-time gain. On Tuesday, the Korean electronics giant predicted its operating profit for the three-month period preceding June 30 would come in around 12.5 trillion won ($11 …
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T-Mobile topped analyst estimates for the first quarter of 2021, as the company continues to add subscribers and build out its 5G network. On Tuesday the nation’s second-largest carrier reported earnings per share of 74 cents on revenue of nearly $19.8 billion. Analysts, as polled by Yahoo Finance, were expecting earnings per share of 57 cents and revenue of $18.9 …
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Samsung’s decision to slash prices of its flagship Galaxy S21 lineup by a cool $200 appears to be paying off. The South Korean manufacturer overtook Apple in worldwide smartphone shipments in the first quarter of this year, according to a Thursday report published by research firm Canalys, shipping 76.5 million units to grab 22% of market share. Samsung also reported a …
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AT&T continued its momentum from a strong fourth quarter, announcing on Thursday that it beat first-quarter earnings expectations thanks to strong performance from its wireless, fiber and WarnerMedia businesses. The company reported revenues of $43.9 billion for the quarter, beating the $42.69 billion expected by analysts polled by Yahoo Finance. Adjusted earnings per share came in at $0.86, ahead of the …
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Competition in wireless is building up as Verizon reports heavy losses in wireless customers in the first quarter of 2021. The company is in the early stages of rolling out new spectrum for its next-generation 5G service. And as executives have warned for months, the competition with rivals AT&T and T-Mobile is intensifying. Still, the telecommunications giant said its core …
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Samsung expects a healthy jump in its first-quarter profit, probably due to strong demand for computers and home appliances during the pandemic. The Korean electronics giant said Tuesday its profit for the three-month period ended March 31 would come in at about 9.3 trillion won ($8.3 billion), an increase over the year-ago period of 44%. The company also expects to …
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Apple’s iPhone sales surged to their highest point ever, as eager fans snatched up the company’s new iPhone 12 during the holiday shopping season, despite the continued spread of the coronavirus. The three months of Apple’s fiscal first quarter included the launch of its new series of phones, ranging from the $699 iPhone 12 Mini to the $1,099 iPhone 12 Pro Max. They weren’t …
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Despite the unpredictability of COVID-19, AT&T’s 2020 ended up working out. In its fourth-quarter earnings released on Wednesday, AT&T announced that it saw growth in wireless users, fiber customers and HBO Max activations. The company reported revenues of $45.7 billion for the quarter, beating the $44.55 billion expected by analysts polled by Yahoo Finance. Adjusted earnings per share, which factors …
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