AT&T Mobility reported fewer postpaid subscriber additions in the third quarter than analysts had expected. Still, the carrier reported strong data revenue growth and said that customers buying smartphones via its Next handset upgrade plan accounted for half of all smartphone sales in the quarter.
Yahoo is starting to generate money from its mobile business after years of lagging behind larger competitors like Google and Facebook. However, the company still has a ways to go before it can claim significant success in mobile advertising and apps.
Verizon Wireless added more postpaid subscribers in the third quarter than financial analysts had expected, and the growth was again largely driven by tablet activations, not phones. Just as it did in the second quarter, in the third quarter Verizon relied heavily on tablet activations for the vast majority of its subscriber additions.
Chipset giant Intel reported just $1 million in revenue in its mobile and wireless business in the third quarter, thanks in large part to the subsidies it is paying tablet makers to include its silicon in their products. However, Intel executives indicated better days are ahead for the mobile business as the company works to move into lower-cost smartphones starting later this year. Meanwhile, Intel announced a deal with AT&T Mobility and Asustek for AT&T to launch an Intel-powered smartphone.
T-Mobile US is likely going to report very strong third-quarter results--and will continue its momentum through the fourth quarter thanks to the launch of Apple's iPhone 6 and 6 Plus, according to financial analysts.
Samsung Electronics forecasted that its operating profit in the third quarter fell by as much as 60 percent year-over-year amid stagnating smartphone sales. However, the company is hopeful that sales will pick up in the fourth quarter and said it is readying new phones in the low-to-midrange market to help it recover ground.
How did the wireless industry perform in the third quarter of 2014? Check here throughout the third-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
Verizon Wireless is likely going to lead the pack in terms of postpaid net subscriber additions in the third quarter, according to a research note from financial analysts at Jefferies. However, the analysts expect AT&T Mobility and T-Mobile US to also perform well, though they expect Sprint will continue to struggle to gain traction with its new plans and promotions.
Cisco said it will cut 6,000 jobs, or 8 percent of its workforce, as it forecasted tepid growth going forward. However, CEO John Chambers said he thinks the shift in the network infrastructure market to software-defined networking will benefit the vendor.
The second-quarter earnings season is over, and it's time to take stock of how things have shaken out. Special report