Topic: quarterly earnings
Sprint reported a loss of 189,000 in postpaid phone customers during its fiscal 2018 fourth quarter compared with the year-ago quarter, which saw 55,000 net phone additions.
The company didn't give many details about the screen issues found with its Galaxy Fold phones.
The carrier’s total revenues increased by 6% year-over-year to $11.1 billion, and it reported net income for the quarter of $908 million, up 35% year-over-year.
AT&T's largest business segment, Mobility, which includes its wireless business, had revenue of $17.57 billion during the quarter, missing estimates of $17.65 billion.
Verizon’s first-quarter 2019 results were mostly a mixed bag in the wireless division, with the operator reporting 61,000 retail postpaid net additions and a slight uptick in churn.
Also today, Ericsson announced with Swisscom that they have switched on the first large-scale commercial 5G network in Europe.
Samsung said its profits for the first quarter of 2019 will likely be 60% lower than in the first quarter of 2018.
AT&T ended the fourth quarter with 134,000 net phone additions to its postpaid roster.
Verizon is trumpeting its 5G firsts, but it’s not showing its cards much when it comes to the mobile 5G service.
Intel does not have a new CEO, but 2018 was a “truly remarkable year for a remarkable company,” according to its acting CEO, CFO Bob Swan.