How did the wireless industry perform in the fourth quarter of 2017? Check here throughout the fourth-quarter earnings season for full earnings reports from the wireless industry's biggest public carriers, handset makers, equipment suppliers and others.
Verizon (NYSE: VZ)
Verizon reported a net increase of 1.2 million retail postpaid connections in the fourth quarter of 2017, a figure that included 647,000 smartphone net additions. That's an increase from 456,000 smartphone net adds in the same quarter a year ago. The carrier’s total retail postpaid churn was 1%, and its retail postpaid phone churn was 0.77%. Verizon said it now counts roughly 80% of its postpaid phone base on unsubsidized service pricing plans, a number up significantly from the 67% it counted at the end of the year in 2016.
AT&T (NYSE: T)
AT&T added 329,000 postpaid phone net customers in the fourth quarter, which the carrier attributed in part to its strategy of bundling its video offerings with its wireless services. The operator said that the number of households that take both its video and wireless products increased by 160,000 in the quarter—equating to roughly 700,000 more wireless customers who bundle their service with AT&T’s video products.
Ericsson (Nasdaq: ERIC)
Ericsson is seeing increased momentum in 5G, including in North America, but it continues to struggle as the demand for LTE gear dwindles, reporting its fifth straight quarter of losses while announcing a shakeup in the executive ranks. The Swedish vendor reported sales decreased by 12% in the fourth quarter, with sales decreasing by 10% for the full year 2017 in all segments.
Qualcomm (Nasdaq: QCOM)
Qualcomm announced a licensing agreement with Samsung that the company said stretches through 2023 and includes 5G technologies. However, that agreement was tempered by Qualcomm’s relatively uninspiring quarterly earnings report and its warning that it expects a continued slowdown in the smartphone market.
Samsung reported a massive operating profit of around $14 billion in the fourth quarter—gains largely driven by the company’s sales of chipsets. However, profits fell in Samsung’s mobile business, which includes sales of both phones and network equipment.
Nokia (NYSE: NOK)
Nokia posted a 2% net sales growth in the fourth quarter of 2017, driven by IP networks/applications and its ultra broadband networks division. Fourth-quarter group operating profit rose 7%.
Apple (Nasdaq: AAPL)
Apple sold fewer iPhones overall than many on Wall Street had expected, but the company’s iPhone revenues and average selling prices jumped significantly due to the $1,000 price tag on the company’s new iPhone X. The results appear to show that Apple enjoyed solid sales of the iPhone X, though reports have indicated that Apple may reduce production on the device due to slowing sales.
Sprint (NYSE: S)
Sprint reported 385,000 total net customer additions in its quarter, down from the 564,000 it reported in the year-ago quarter but up from the 378,000 net additions it reported in the prior quarter. Sprint ended the quarter with nearly 54.6 million connections, including 31.9 million postpaid, 9 million prepaid and nearly 13.7 million wholesale and affiliate connections.
T-Mobile (Nasdaq: TMUS)
T-Mobile reported quarterly results largely in line with analyst expectations, and the company ended 2017 with an overall net gain of 5.7 million customers. However, T-Mobile said it expects to roughly cut that number in half next year.
To Be Determined
América Móvil (TracFone)
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Dish Network (Nasdaq: DISH)
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U.S. Cellular (NYSE: USM)
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- visit U.S. Cellular's investor relations site