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: 116.6 ( -0.46 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE