T-Mobile US' pre-release yesterday of its second-quarter subscriber numbers--which showed strong momentum, especially in postpaid subscribers--prompted financial analysts to raise their expectations for the carrier's revenue in the period. However, analysts also think T-Mobile's EBITDA and margins could come under pressure as a result.
AT&T Mobility likely added around 500,000 postpaid customers in the second quarter thanks to tablet subscriber additions as Verizon Wireless racked up subscribers with promotional shared data plan pricing, according to analysts at Wells Fargo.
Samsung Electronics said it expects operating profit to drop in the second quarter, which would represent the seventh consecutive quarter of year-over-year declines in profit. The world's largest smartphone maker by volume likely underestimated how strong demand would be for its Galaxy S6 Edge smartphone, analysts said. Although Samsung has taken steps to shore up supply of the phone, it appears to have been too late to improve the company's second-quarter figures.
Verizon Wireless likely added more postpaid customers in the second quarter than analysts at Wells Fargo had previously thought, as the carrier scored thanks to promotions it launched in April.
Sprint is going to show positive postpaid subscriber additions in the second quarter thanks to improved network performance and the continued adoption of its "Cut Your Bill in Half" promotion, according to a research note from analysts at Wells Fargo.
BlackBerry CEO John Chen declined to comment on a recent Reuters report that the company is thinking of using Google's Android software in an upcoming smartphone for the first time, but he did not entirely foreclose the prospect of doing so in the future.
AT&T Mobility will continue to focus on maintaining profitability and keeping churn low in its wireless business at the expense of losing some subscribers, according to a report from analysts at investment bank Jefferies.
BlackBerry posted weaker revenue and earnings than analysts had expected for its first fiscal quarter, but the company surprised the market by posting stronger gains in software sales. The onetime smartphone powerhouse has been placing less emphasis on hardware and more on software, enterprise security and the Internet of Things in a push to remake itself under CEO John Chen.
BlackBerry is likely going to report less software revenue when it posts earnings on June 23 than Wall Street is expecting, and financial analysts and the wider market should lower their expectations for how quickly the company can increase software sales, according to a report from analysts at Wells Fargo.
T-Mobile US will likely lead the industry again in the second quarter in handset subscriber additions, while Verizon Wireless could see improvement in its subscriber figures thanks to recent promotions, according to analysts at investment bank Jefferies.