Tag - Verizon
For the first time, the next iPhone from Apple will reportedly use modems provided by Intel, rather than Qualcomm, for its US and some overseas versions of the smartphone. The sale marks the first time Intel mobile chips have scored a major sale to a dominant mobile player. Qualcomm's modems will continue to be used for iPhones sold to Verizon customers in the US, and most other overseas markets -- crucially for Qualcomm, including China, which is Apple's second-largest market.
Verizon and striking Communications Workers of America and International Brotherhood of Electrical Workers union members have reached an "agreement in principle" which may end the month-long strike. If the deal is signed, the 35,000 picketers may return to work as soon as next week.
Verizon has managed to post quarterly earnings roughly in line with expectations from analysts, posting revenues of $32.2 billion that missed estimates by $300 million, though its earnings per share of $1.06 is an increase of 3.9 percent compared to the first quarter of last year. Operating income for the telecoms company was $7.9 billion with an operating income margin of 24.7 percent, and an EBITDA totaling $12 billion in the quarter.
Some 40,000 Verizon workers walked off the job in the northeastern part of the US on Wednesday in one of the largest strikes in recent memory following the stalling of contract talks between the telecommunications provider and two of its unions, the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW), which represent mostly network technicians and customer service representatives. The unions have worked without a contract since August on the company's wireline services; cellular and wireless communications are not affected by the action.
Accusations from T-Mobile CEO John Legere that its major rivals were throttling Netflix streams have been answered, by Netflix itself. The streaming video service admitted that videos viewed by AT&T and Verizon Wireless customers were capped, but Netflix is the company behind the decision to limit video bandwidth per customer, rather than the carriers accused by Legere, and it has throttled connection speeds to the majority of carriers around the world for the last five years.
Verizon has agreed to settle with the Federal Communications Commission over its investigation into "supercookies." As part of the settlement, the carrier has agreed to notify its subscribers about its targeted advertising programs and request consent before using them to serve advertising messages to customers via third parties or within its corporate family, adhere to a three-year compliance plan, and pay a fine of $1.35 million.
Current non-practicing entity, and the holder of defunct Digifonica's patent portfolio, Voip-Pal has filed patent infringment lawsuits against Apple, Verizon, and AT&T over an assortment of law enforcement surveillance, emergency calling, and VOIP routing patents. The suits, filed in the Federal District Court in Las Vegas, are seeking over $7 billion dollars in royalty payments from the three companies.
Apple is among a clutch of tech companies in negotiations with the National Football League (NFL) for the nonexclusive digital (streaming) rights to Thursday Night Football, a report from Variety has revealed. While the NFL has said only that it is in "active discussions with prospective digital partners" on the matter, Verizon's Go90 service, Amazon, Apple, Google, and others are involved in negotiations. CBS and NBC, who have the television rights, will also be able to stream the games in the US.
Verizon Communications today reported its fourth-quarter 2015 earnings, as well as its annual report. For the quarter, the company posted earnings of $1.32 per share, as compared to a $0.54 loss in the fourth quarter of 2014. For the full year, Verizon reported $4.37 in earnings per share in 2015, compared with $2.42 in 2014. Perhaps more importantly for the company, its wireless customer base continues to grow, with 1.5 million customers added in the last quarter alone
Joining AT&T and T-Mobile, wireless provider Verizon has launched its own sponsored streaming data exception program. FreeBee Data 360, one of the pair of programs launched today, allows providers to sign up to provide consumers some or all of their mobile content -- whether in an app or mobile website -- without using consumers' data plans, with the sponsor being billed on a per-GB pricing model.
Now AAPL Stock: 93.4 ( -2.7 )
WhatsApp now handles over 100M calls daily
WhatsApp is celebrating that it is being used for over 100 million calls every day. In a brief notice, the Facebook-owned messaging platform advises the voice-calling feature it rolled out to its users last year now deals with an average of over 1,100 calls initiated per second. Earlier this year, it increased the security of its calls and other messages, by introducing end-to-end encryption on all platforms. http://bit.ly/292HqCX
Adele's '25' album now streaming
Recording artist Adele has "pulled a Kanye" after saying that her current album "25" would not be available for streaming. The seven-month-old record, which has yielded a number of hit singles, is now available for streaming on all the major streaming services, such as Apple Music and Spotify, as of today in most major markets, with worldwide distribution to come. Reportedly, the singer had demanded streaming be limited to paid subscribers -- a condition that has hurt some streamers with artists, who aren't paid royalties for free or trial listens . Apple pays performers its normal royalty rates during its free trial, avoiding the issue -- and having repeated success in both signing up exclusives and placing those exclusives into the top of the charts. http://ti.me/28U7NOu
SanDisk iXpand case has battery, storage
A new iPhone 6 and iPhone 6s case from SanDisk appears to be the "holy grail" of accessories: a stylish and protective case that offers both extra storage as well as the option of extra battery power as well. The iXpand Memory case offers either 32GB, 64GB, or 128GB of additional storage incorporated into the case, and an optional add-on battery pack (sold separately) adds up to an extra day or more of charge. Through the associated iXpand app, camera photos and videos can be automatically stored on the extra storage, optionally password-protected, The cost for the case is (in order of storage capacity) $60, $100, and $130. The battery pack's release data has not yet been announced, but the add-on should retail for an additional $30. http://bit.ly/291epHu
Fifth Hong Kong store to open June 30
The 46th official Apple store in what the company calls the "Greater China" region will open at 10AM local time in Hong Kong's New Town Plaza in the Sha Tin district on Thursday, June 30, according to a new page on Apple's retail website. Despite slowing growth due to economic turmoil in China, the country is still Apple's fastest-growing market. The new story will be the fifth for Hong Kong, a lucrative market for Apple thanks to the high concentration of wealth there and a thriving "gray" market. Normal store hours for the new store will be 10AM to 10PM every day. http://apple.co/291diaT
Apple Music bug bites very short songs
There appears to be a reproducible bug in the current version of iTunes -- version 12.4.1, running on OS X 10.11.5, both the current non-beta versions of the respective software -- that causes a streamed song to become "stuck" in endless buffering if the streamed item just before this happened was 60 seconds or less in length. The problem appears to stem from code in iTunes that signals the next track to start downloading one minute before the currently-playing track is done, and thus songs shorter than one minute don't trigger the download. Locally-stored music is unaffected by the bug, and the problem does not appear to exist in either the macOS Sierra developer beta or versions of iTunes earlier than 12.4, and does not affect the iOS Music app at all. http://bit.ly/291cN0l
Walmart Pay expands to 15 states
Walmart, one of the key progenitors of the failed CurrentC mobile payment system that was distinguished from Apple Pay by its ability to collect and share customer financial and buying data among its participants, has expanded the soft rollout of its alternative solution "Walmart Pay" to an additional 15 US states following a pilot program in Arkansas and Texas last month. Walmart continues to resist adding Apple Pay. The system, built into the Walmart app for iOS and Android, works with a complicated system of the camera scanning a purchase code at the register, then generating a QR code which is then scanned by the register. The system is available now in Alabama, Georgia, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee, Virginia, and Washington, DC. http://apple.co/28SqZfu
Amazon refreshes entry-level Kindle
Amazon has added a new Kindle to its ebook reader range, one that is thinner and lighter than the previous entry-level model. Offering a six-inch 167-dpi touchscreen display, a doubled 4GB of storage, and an option for a white casing, the new model also adds in the ability to export highlights and notes to an email account as a PDF. Two versions of the all-new Kindle are available, priced at $80 including "Special Offers" and $100 without. http://amzn.to/28Q4c3R