| To: Ms. Baby Boomer who wrote (1764) | 3/12/2019 10:45:26 AM | | From: Ms. Baby Boomer | | | | iPhone Trends Going ‘From Bad to Worse,’
Longbow Research Says...
Apple Inc. continues to struggle with iPhone demand, with trends going “from bad to worse,” according to Longbow Research.
“Without iPhone demand acceleration on the horizon, we currently do not see any catalysts near term to drive significant EPS upside,” wrote analyst Shawn Harrison. He affirmed his neutral rating on the stock and said the lack of a rebound in iPhone sales creates risk and shifts more focus to Apple’s March 25 event, where the company is expected to introduce a video programming service and premium magazine subscription plan.
Shares of Apple gained as much as 1 percent in early trading Tuesday, after rising 3.5 percent on Monday, their biggest increase since January. While the stock has rebounded 27 percent from a January low, Apple remains more than 20 percent below record levels reached in October.
Much of the stock’s weakness over the past few months has been related to weakening demand prospects for the iPhone, particularly in China, an increasingly important market. According to data compiled by Bloomberg, almost 20 percent of Apple’s fiscal 2018 revenue was derived from China, and the iPhone accounted for 62 percent of revenue.
“Multiple iPhone price cuts did not stop China iPhone search trends from weakening further while February supplier sales were abysmal, decelerating on a year over year basis vs. January,” Harrison wrote in a research note Tuesday. Of 42 Apple suppliers, he wrote, 37 of them “reported worse than seasonal sales” in February.
Harrison added that there was “weaker interest year over year” for iPhones, citing search data for both Google and China’s Baidu. In February, Baidu iPhone searches were down 47 percent from the prior year, per his data.
Analysts are split on Apple’s outlook with 22 recommending buying shares and another 22 recommending holding the stock. Just one firm has a sell rating. The average price target is $178, or slightly below where the stock closed on Monday. On Monday, BofAML upgraded the Dow Jones Industrial Average component to buy, forecasting “stability of supply chain order cuts” and a “large reversal of inventory overhang in iPhones.”
Apple’s second-quarter results will be released on or about April 30. Analysts expect the company to report adjusted earnings of $2.38 a share on revenue of $57.54 billion. These estimates indicate a drop of nearly 13 percent in profitability and sales falling 5.9 percent compared to the prior-year period....
bloomberg.com
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| From: Sr K | 3/13/2019 10:46:05 AM | | | | | | WSJ
How Much Does 5G Cost? Verizon Says $10 Extra Per Month
Carrier’s unlimited-data customers will have to pay more for fastest service, set to launch in Chicago and Minneapolis in April |
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| To: Sr K who wrote (1781) | 3/13/2019 11:35:53 AM | | From: Ms. Baby Boomer | | | | U R paying 10 Buck$ a month more for 5G, but requires a compatible cell phone...
Have no intention of paying extra per month for the module that would be attached to
ONYX Moto, until they R done upgrading the Network in Moi's Neck of the Woods...
By then, will probably buy a new phone.... :)
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| To: Sr K who wrote (1783) | 3/13/2019 6:48:13 PM | | From: Ms. Baby Boomer | | | | Re: Moore's Law...
The Internet was born from DARPA 30 years ago...
T bought DirecTv in order to compete with Verizon Fios and Comcast XFinity...
Their oversized unconnected satellite is on Moi's roof...
On the other hand, looks like Verizon Fios has their rolled up cable ready
to be connected to a 5G power pole....
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| From: JakeStraw | 4/3/2019 11:13:25 AM | | | | | | Verizon begins rolling out its 5G wireless network for smartphones
cnbc.com
Verizon is activating its 5G mobile network in Chicago and Minneapolis.
Customers can expect speeds up to 1Gbps, which is about 10x faster than you might normally get.
Only one phone supports the network right now. |
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| To: Ms. Baby Boomer who wrote (1787) | 4/12/2019 8:11:55 PM | | From: Ms. Baby Boomer | | | | Forget the 5G Boob Tube hype...
Moto z3 is in progress, until Moi is within distance to complete the upgrade...
This upgrade is in the testing phase and expensive to the bottom line of
those companies involved...
Monday, Monday....
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| From: Ms. Baby Boomer | 4/23/2019 11:01:59 AM | | | | | | Verizon raises profit forecast, loses more
phone subscribers...
(Reuters) - Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly profit as it focuses on cost cuts, but the U.S. wireless carrier lost more phone subscribers than analysts had expected.
Verizon said it now expects low single-digit percentage growth in adjusted profit, after previously saying that its 2019 profit would be similar to what it reported a year earlier.
Verizon Chief Financial Officer Matt Ellis said profit margins in the carrier’s core wireless business was pressured by accounting changes during the first quarter. Without the items, “the business performed really well,” Ellis said in an interview.
Jonathan Chaplin, an analyst with New Street Research, described the results as mixed, as Verizon’s raised guidance seemed to be “driven entirely by below-the-line items.”
Shares of Verizon were down 2.2 percent at $57.09 in morning trading.
The company said it lost a net 44,000 phone subscribers who pay a monthly bill in the first quarter, which was characterized by few big price-cut promotions. Analysts had expected a net loss of 25,000 subscribers, according to research firm FactSet.
Verizon launched its 5G mobile network in two cities in the United States last month at an additional cost of $10 for customers with existing unlimited plans. It plans to spend $17 billion to $18 billion this year to build its network.
Net income attributable to the company rose to $5.03 billion, or $1.22 per share, in the first quarter ended March 31 from $4.55 billion, or $1.11 per share, a year earlier.
On an adjusted basis, Verizon earned $1.20 per share, beating analysts’ estimates of $1.17, according to IBES data from Refinitiv.
Revenue for Verizon Media Group, which was formerly called Oath and includes the Yahoo and AOL media brands, was $1.8 billion during the quarter, a decline from the previous year as the company earned less revenue from desktop advertising.
The company lost a net 53,000 Fios video customers during the quarter, as viewers continue to shift to cheaper streaming services. Analysts had expected it to lose just 40,000 video customers, according to FactSet.
Verizon said Tuesday it was partnering with Google to bring YouTube TV, a live and on-demand video streaming service, to its customers.
Verizon added 52,000 Fios internet customers during the quarter.
Total operating revenue rose about 1 percent to $32.13 billion during the quarter, falling slightly short of analysts’ estimates of $32.16 billion....
reuters.com
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