Wireless price war’s good for consumers, but challenges carriers
More than any time in the past decade, wireless customers are reaping the benefits of a carrier price war over smartphones and tablets, as well as monthly data service contracts.
The news isn’t as good for the major wireless carriers, based on earnings reports earlier this week from Verizon Wireless and AT&T. Sprint is expected to be the hardest hit when it reports earnings Nov. 3.
While it is just a single quarter, Verizon slightly missed profit estimates in its latest report on Tuesday. Its earnings were 89 cents a share, a penny below the average analyst estimates of 90 cents compiled by Bloomberg, even as sales climbed 4.3% to $31.6 billion.
To read this article in full or to leave a comment, please click here
leave a reply: