Sprint edged out T-Mobile US and retained the title of the No. 3 U.S. wireless carrier in the first quarter, remaining ahead of its rival for at least another quarter. Sprint added 1.2 million total customers in the period and though it lost postpaid handset customers it pared back those losses compared to earlier quarters.
Sprint likely lost postpaid handset customers in the first quarter but could report stronger financial results when it posts its quarterly earnings tomorrow, according to Wall Street analysts at Evercore ISI. In a research note, Evercore analysts Jonathan Schildkraut and Justin Ages also wrote that network quality continues to be a problem for Sprint that will need to be addressed.
U.S. Cellular is trialing Voice over LTE technology in three markets right now and expects to turn the service on commercially sometime later this year, according to CEO Ken Meyers.
Nokia reported stronger sales in North America in the first quarter, and in its networks business overall. However, the underlying profit of the company's networks business fell, and investors grew worried about drooping margins.
HTC said it expects sales to drop by as much as 29 percent in the second quarter, as the company's turnaround efforts appear to be in trouble. HTC just started selling its flagship One M9 smartphone globally earlier this month, so a weak sales forecast bodes ill for its prospects in a highly competitive market.
LG Electronics saw a sharp jump in North American handset sales in the first quarter as it continued to improve its overall smartphone performance. The company's strength in smartphones was offset by a weak performance in its TV business.
Samsung Electronics boosted profitability in its mobile business in the first quarter to its highest level in three quarters and promised stronger sales ahead thanks to the global rollout of its flagship Galaxy S6 and S6 Edge smartphones. According to research firm Strategy Analytics, Samsung also regained its crown as the world's largest smartphone maker by volume in the first quarter.
T-Mobile US easily outpaced Verizon Wireless and AT&T Mobility in postpaid adds during the first quarter. The company also raised its guidance for postpaid subscriber additions for 2015 from the previously guidance of 2.2 million to 3.2 million to between 3 million and 3.5 million.
Apple reported iPhones sales of 61.2 million in its most recent quarter, well above the 58 million iPhones that analysts had been expecting on average. The company also posted increases in its revenues and profits.
Apple reports its quarterly earnings later today, and while analysts don't expect a blowout quarter, many are predicting Apple to post its second-best period of iPhone sales ever.