T-Mobile sprints into U.S. top 3 carrier spot

By

14890791433_1f9247f163_h
Sprint added new customers, but not enough to keep its bronze model from T-Mobile.
Photo: Mike Mozart/Flickr CC

T-Mobile is doing pretty hot lately, but it’s unfortunately at Sprint’s expense. While the latter carrier has been declining in market share for the past couple of years, it’s finally now in last place out of the four major U.S. wireless carriers. T-Mobile snatched the bronze model.

In the quarterly earnings call, Sprint said it had 57.7 million customers with a net gain of 675,000. T-Mobile, however, gained 2.1 million customers last quarter for a grand total of 58.9 million.

CONTINUE READING »

3.3 million more people will now experience Sharknado 2 on Netflix

By

Like flipping the bird to everyone else.
Like flipping the bird to everyone else.
Photo: Netflix

Netflix just added 3.3 million more subscribers, the company said in a live Google Hangout Wednesday morning, making cable just that much more irrelevant with the news.

CEO Reed Hastings even showed up to the earnings call in a Bojack Horseman sweater, contrasting nicely with all the other suits onscreen.

It’s like he’s letting everyone know that Netflix can’t be stopped, and he’ll wear whatever he damn well pleases, thank you very much.

Netflix’s stock price has also rocketed up for the just finished fiscal quarter, which comes on the heels of the June 23rd announcement of a seven-to-one stock split.

Sounds like Netflix is taking a cue from Apple’s playbook on this one.

Apple hoovers up 92 percent of smartphone profits

By

Apple is splurging on R&D.
Newsflash -- Apple is making some major bank.
Photo: Jim Merithew/Cult of Mac

Anyone wanting an illustration of why smartphone unit sales are not the single most important metric for judging success should check out wealth management company Canaccord Genuity’s findings about Apple’s iPhone sales versus profits.

According to Canaccord Genuity, despite selling less than 20 percent of all smartphones, Apple rakes in a massive 92 percent of operating income. Samsung, by contrast, ekes out just 15 percent to take second place. Everyone else basically broke even or lost money.

Visualize Apple’s historic earnings with this awesome web app

By

This web app will put Apple's historic earnings in more human terms. Photo: Cult of Mac
This web app will put Apple's historic earnings in more human terms. Photo: Cult of Mac

Yesterday, Apple announced that it had a monster quarter. In Q4, it sold 74.5 million iPhone sales to go along with $74.6 billion in revenue and $18 billion in profits. Not only that, but it broke the record for the most money made by any corporation in history.

Having a hard time figuring out how to quantify numbers like that? Check out this incredible visualizer.