T-Mobile quarterly earnings increase attributed to iPhone 7, promotions

Posted:
in iPhone edited October 2016
U.S. wireless provider T-Mobile has posted its latest quarterly results, seeing a double-digit increase in earnings, a 165 percent increase in net income, and improved customer retention, partly on the strength of Apple's iPhone 7 launch in September.




In the last quarter, T-Mobile gleaned $9.2 billion in total revenues, with $7.1 billion of that from services. The company has added 2.0 million customers, leading to 13% service revenue growth, and $366 million in net income. The latter figure included a one-time number of $122 million in spectrum gains.

In the second quarter of 2016, the company posted net income of $225 million. It reported $138 million in the third quarter of 2015.

T-Mobile's total revenues for Q3 2016 grew by 18 percent year-over-year. The increase was attributed to the combination of the launch of the iPhone 7 in the quarter, the introduction of the T-Mobile One plans, and an increase in branded prepaid customer migrations to postpaid plans.

On Sept. 12, T-Mobile CEO John Legere declared demand for the iPhone 7 a "phenomenon," and said that preorders thus far have been "like four times bigger than the iPhone 6."

"The first four days of the iPhone 7 launch are by far the biggest ever for T-Mobile," Legere said. "I actually ordered the jet black, I'm quite excited about it."

Apple will not be breaking out individual sales figures of the iPhone 7 family in Tuesday's earnings announcement. Last year, the iPhone 6s and iPhone 6s Plus sold through 13 million units in three days of availability.

Comments

  • Reply 1 of 12

    Apple will not be disclosing sales figures in Tuesday's earnings announcement. Last year, the iPhone 6s and iPhone 6s Plus sold through 13 million units in three days of availability.
    Source?  I know Apple announced there would be no press release about first weekend sales, but I never heard anything about no discussion at the earnings announcement.
    lkruppleviericthehalfbee
  • Reply 2 of 12
    lkrupplkrupp Posts: 7,060member
    This is all bullshit. Apple is Doomed™ and everybody knows it. Why does AI keep lying to we the doomed users?
    melodyof1974cali
  • Reply 3 of 12
    lkrupplkrupp Posts: 7,060member

    Apple will not be disclosing sales figures in Tuesday's earnings announcement. Last year, the iPhone 6s and iPhone 6s Plus sold through 13 million units in three days of availability.
    Source?  I know Apple announced there would be no press release about first weekend sales, but I never heard anything about no discussion at the earnings announcement.
    Exactly. Where is this coming from AI editors?
  • Reply 4 of 12
    sirlance99sirlance99 Posts: 1,143member
    lkrupp said:
    This is all bullshit. Apple is Doomed™ and everybody knows it. Why does AI keep lying to we the doomed users?
    Why do you care so much? In the big scheme of things, it really doesn't matter. 
  • Reply 5 of 12
    sog35 said:
    Basic Google Pixel review by clueless tech media:

    1. Design is blah 
    2. Not waterproof
    3. Not as fast as iPhone
    4. Camera is okay

    but it the FIRST created from the ground up by Google!!!!
    and it has a personal assistant!!!!!!

    iPhone killer!!!!

    I am really laughing all night long at the pathetic losers in the tech media trying to pump up the Pixel as some iPhone killer. They did the same thing with the Note7. At least the Note7 had some good things about it that made it different: design, stylus, screen. But this Pixel is basically a cheap POS rip off of a 2 year old iPhone. And yet the tech media hails it as some type of revolutionary phone.  Its biggest feature is its ability to spy on you across all your apps. 

    You forgot:

    - No optical image stabilization.
    - Only a single camera on the XL.
    - No stereo speakers even though it has the bezels/room for them.
    - Doesn't even come with a pair of earbuds. Seriously, you pay that much for a flagship and don't even get earbuds?


    http://www.imore.com/pixel-iphone-7-and-grading-curve

    Ritchie is dean on with this article.
    edited October 2016 caliwatto_cobra
  • Reply 6 of 12
    Those from Wall St who like to pontificate on the pending demise of Apple will be searching frantically for some hint that the iPhone 7 bubble is over and that no more will be sold this side of Kingdom Come.
    Failing that, they will make up some story about iPhone batteries exploding (or something similar)

    TBH, only a few numbskuls in NYC actually care about exactly how many Apple did or did not sell. We all know that they've sold lots especially the black editions.

    I predict that Apple will get a downgrade due to concerns about their product pipeline. They have to find something to back up their stock shorting now don't they?

    badmonkcaliwatto_cobra
  • Reply 7 of 12
    fallenjtfallenjt Posts: 3,976member
    sog35 said:
    Basic Google Pixel review by clueless tech media:

    1. Design is blah 
    2. Not waterproof
    3. Not as fast as iPhone
    4. Camera is okay

    but it the FIRST created from the ground up by Google!!!!
    and it has a personal assistant!!!!!!

    iPhone killer!!!!

    I am really laughing all night long at the pathetic losers in the tech media trying to pump up the Pixel as some iPhone killer. They did the same thing with the Note7. At least the Note7 had some good things about it that made it different: design, stylus, screen. But this Pixel is basically a cheap POS rip off of a 2 year old iPhone. And yet the tech media hails it as some type of revolutionary phone.  Its biggest feature is its ability to spy on you across all your apps. 
    Did you know the Pixel is built by HTC, right? The only reason the tech praise it because it runs the stock Android, so called Vanilla version which is pos OS anyway!
    edited October 2016 watto_cobra
  • Reply 8 of 12
    T-Mobile's gains are not Apple's gains by a longshot. That's one local carrier against declining global iPhone sales. That's just Apple's typical iPhone problem of trying to rely on one product to carry the whole company year after year. I don't expect Apple to sell an ever increasing tens of millions of iPhones every year and neither should Tim Cook. He's either stupid or naive. Apple should be looking for other forms of revenue growth.

    Look at Alphabet with their supposedly unlimited growth ad/search business. However, they're not sitting back on that. At least they're trying to sell some hardware to increase revenue. They're trying to take a piece of Apple's pie. What is Apple doing to cripple Alphabet? Nothing. Absolutely nothing. Alphabet has the search business all to themselves while Apple can't defend its iPhone business at all. Apple should have bought DuckDuckGo and at least try to hamper Alphabet's search engine business. Apple could easily afford it and it might even be useful to them for Siri's knowledge engine.  You people laugh at the comparison of the Pixel to the iPhone but when there's plenty of positive commentary about the Pixel being equal to or better than the latest iPhone then that's a major media perception problem.  Investors apparently believe it to be true.  Apple isn't doing anything to get people to say they're hurting Google's search engine business.

    So, when Apple's share price tanks on earnings, only Apple can be blamed for doing nothing to offset iPhone sales losses. Tim Cook had been warned, but he seems oblivious of what happens to Apple value. All the other tech companies will have huge share gains and Apple will sink. What's disappointing is there's no real reason for this having to happen. Apple has the funds it needs to promote growth but refuses to use them.  Apple's P/E is half of what most major tech companies have.  Of course, IBM's P/E also sucks.  Is Apple as a company only barely better than IBM and less than half as good as Microsoft.  I'm just saying Apple needs to do something about its perception.  Is it really that difficult to do?  Other tech companies can manage to do so, but Apple can't?  It's a puzzle I can't put together.
    edited October 2016 freshmaker
  • Reply 9 of 12
    lkrupp said:
    This is all bullshit. Apple is Doomed™ and everybody knows it. Why does AI keep lying to we the doomed users?
    Why do you care so much? In the big scheme of things, it really doesn't matter. 
    Something like that would or should matter to shareholders.  No shareholder wants to own stock in a doomed company even if it's just implied.  It makes an already volatile company even more financially volatile.  Apple with that huge cash reserve should be stable as a rock but is far from it.
  • Reply 10 of 12
    calicali Posts: 3,495member
    sog35 said:
    but, but, but, but, no one wants to buy the iPhone 7 since its design is just like the 6.............
    But but Pixel will sale because its design is just like iPhone 6.
    edited October 2016
  • Reply 11 of 12
    lkrupp said:
    This is all bullshit. Apple is Doomed™ and everybody knows it. Why does AI keep lying to we the doomed users?
    Why do you care so much? In the big scheme of things, it really doesn't matter. 
    Something like that would or should matter to shareholders.  No shareholder wants to own stock in a doomed company even if it's just implied.  It makes an already volatile company even more financially volatile.  Apple with that huge cash reserve should be stable as a rock but is far from it.
    Do you promote other stocks or do you just come to this board to bad-mouth AAPL?
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