Daily Archives: July 21, 2015

Verizon Q2 earnings show steady revenue and a decreased churn rate

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With T-Mobile becoming a scrappy and ferocious competitor, the other wireless carriers are working hard to keep profits and customer bases intact. Out of all of them, Verizon looks to be faring the best, with its Q2 2015 earnings showing a steady revenue and a decreased churn rate (amount of customers leaving). In total, Verizon raked in $32.2 billion in revenue, up 2.4% year-over-year, showing that the carrier isn’t feeling the squeeze too much.

Earnings came in at $4.23 billion, an ever so slight bump up from last year. In terms of churn rate, Verizon managed to drop its churn rate to just .90%, the lowest number in three years, indicating that Verizon is still offering enough to keep customers from jumping ship to other carriers. In Q2, the company even managed to add 1.1 million retail postpaid connections, which consisted heavily of tablets, an area that the carrier has focused on. Verizon has worked hard to nudge customers to put tablets on their shared data plans, with deep discounts on the actual price of the tablets.

As a whole, Verizon is doing quite well. The company has a network strength that’s unrivaled, with vast coverage and high speeds that help retain customers. That being said, it’ll be interesting to see how the carrier continues to respond to competitors like Sprint and T-Mobile which both offer unlimited data to customers.

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Why The Tech Sector Is Counting On Strong Results From Apple

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If Apple manages to meet or beat the Wall Street consensus, its earnings will be a boon to the IT sector. According to FactSet analyst John Butters, earnings at or above $1.80 per share will make Apple the largest contributor to the S&P technology sector for the fourth quarter in a row — and without the iPhone maker, the sector would post a 6% earnings decline.

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Ashley Madison: Life Is Short, Have A Breach

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While I was sitting on a long haul flight heading across the Pacific to Singapore it seems that roughly 37 million people were suffering from a very troubling epiphany. Their personal dalliances were risking being dragged into the light. As we have all read by now, the website that based their entire business model on facilitating people to have extramarital affairs has suffered a massive data breach. AshleyMadison.com, an Avid Media web property scrambled to stop the bleeding.

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