BlackBerry reported a narrower net loss for its fiscal third quarter and said it continues to expect to achieve profitability sometime in its next fiscal year. However, although the firm is nursing itself back to financial health, the company's revenue fell off sharply in its most recent quarter and the firm only sold 2 million BlackBerry smartphones in the period.
Investors last week dumped the stocks of Verizon Communications, AT&T, Sprint and T-Mobile US in a hurry amid growing concerns that the carriers' wireless pricing battles are unsustainable long term and that rising costs of spectrum will combine with the price war to drive down carriers' profitability.
The Wall Street financial analysts who watch the nation's carriers are in a bit of a tizzy this week because Verizon and AT&T, the two dominant players in the market, are warning of pressure on earnings and margins from promotions and higher subscriber growth in the fourth quarter. The analysts are worried because they think the competition from T-Mobile US and Sprint could get more intense. I think that'd be fine if that happens. If Verizon and AT&T lost profits and customers to Sprint and T-Mobile, I'd say that would be a grand development for the U.S. market and would be broadly beneficial for consumers.
While Verizon Wireless did not provide specific subscriber growth figures for the fourth quarter, the carrier indicated it will report strong momentum in the quarter. Verizon's confidence in its fourth-quarter performance, with more than three weeks left in the year and with the holiday shopping season in full swing, speaks to the challenges Sprint and T-Mobile US face in eating into Verizon's subscriber base.
Sprint CEO Marcelo Claure is expecting strong December sales thanks to a new promotion Sprint launched on Friday to cut customers' service bill prices in half if they switch from Verizon Wireless or AT&T Mobility and buy a new Sprint phone.
Apple is on track to sell a record 71.5 million iPhones in the fourth quarter of 2014, according to estimates from one financial analyst. However, analysts in general are divided over how long demand will last for Apple's new iPhone 6 and 6 Plus.
Nokia expects sales and profits in its core Networks business to continue to grow. The company is also anticipating higher sales from its mapping and patent licensing units.
How did the carriers do in terms of their key metrics, like average revenue per user? The following charts the top eight U.S. wireless carriers in the third quarter of 2014 by subscriber base, according to research firm Strategy Analytics. This includes major metrics--such as churn, ARPU and revenue--of each carrier. Special report
The third-quarter earnings season for the wireless industry is now officially at a close. To review how things shook out, check out our third-quarter earnings page, where all of the results have been compiled.
Deutsche Telekom CEO Timotheus Hoettges said that T-Mobile US can fund purchases of spectrum in upcoming U.S. auctions by itself, taking pressure off the parent to inject funds into T-Mobile as it invests to beef up its network.