Verizon Wireless surged back to subscriber growth in the second quarter, though the vast majority of its roughly 1.4 million new subscribers in the period purchased tablets, not phones.
Intel's mobile business continued to bleed cash and its wireless-related revenue declined significantly in the second quarter even as the company as a whole reported strong earnings for the period. The company said it is making progress toward its goal of shipping its chips inside 40 million tablets in 2014--but it is currently losing money because it is paying OEMs to put its chip inside their tablets.
HTC reported a sharp uptick in profit for the second quarter thanks in part to sales of its flagship One M8 smartphone, the release of mid-range devices and cost cutting measures. Although the Taiwanese smartphone maker still has a steep hill to climb, the results could point to signs of a turnaround after its struggles in recent years.
Samsung Electronics unveiled two new high-end tablets to challenge Apple's iPad and lined up strong U.S. carrier support for the gadgets.
T-Mobile US increased the prices of some of its LTE tablets a little more than a month after declaring with great fanfare that it would let customers purchase LTE-enabled tablets for the same price as Wi-Fi models.
Verizon Wireless reported weaker subscriber growth for the first quarter on a year-over-year basis and its postpaid customer additions in the period were driven by the addition of tablet customers.
Google reported first-quarter revenue that missed analysts' expectations, as the company's core advertising business continues to grapple with a decline in how much advertisers pay per click amid a shift in computing from desktop PCs to smartphones and tablets.
Intel reported overall first-quarter results that slightly beat analysts' expectation, but the company also laid bare its current financial weakness in the mobile market. Intel CEO Brian Krzanich and other executives said the company has a solid roadmap and path to profitability, but that it will take time to make money from chips it puts into smartphones, tablets and other mobile devices.
The nation's largest wireless carriers and device makers banded together to support voluntary anti-theft measures for smartphones released starting next year. The action comes amid mounting efforts by state lawmaker to mandate so-called "kill switches" in smartphones and tablets that would render the devices useless if stolen.
Tablets are expected to make up a large majority of all mobile broadband connections in the U.S. over the next two years, according to a new report from the NPD Group.