T-Mobile quarterly earnings increase attributed to iPhone 7, promotions

U.S. wireless provider T-Mobile has posted its latest quarterly results, seeing a double-digit increase in earnings, a 165 percent increase in net income, and improved customer retention, partly on the strength of Apple's iPhone 7 launch in September.

In the last quarter, T-Mobile gleaned $9.2 billion in total revenues, with $7.1 billion of that from services. The company has added 2.0 million customers, leading to 13% service revenue growth, and $366 million in net income. The latter figure included a one-time number of $122 million in spectrum gains.

In the second quarter of 2016, the company posted net income of $225 million. It reported $138 million in the third quarter of 2015.

T-Mobile's total revenues for Q3 2016 grew by 18 percent year-over-year. The increase was attributed to the combination of the launch of the iPhone 7 in the quarter, the introduction of the T-Mobile One plans, and an increase in branded prepaid customer migrations to postpaid plans.

On Sept. 12, T-Mobile CEO John Legere declared demand for the iPhone 7 a "phenomenon," and said that preorders thus far have been "like four times bigger than the iPhone 6."

"The first four days of the iPhone 7 launch are by far the biggest ever for T-Mobile," Legere said. "I actually ordered the jet black, I'm quite excited about it."

Apple will not be breaking out individual sales figures of the iPhone 7 family in Tuesday's earnings announcement. Last year, the iPhone 6s and iPhone 6s Plus sold through 13 million units in three days of availability.

12 Comments

delreyjones 337 comments · 17 Years

About 8 years ago

AppleInsider said:

Apple will not be disclosing sales figures in Tuesday's earnings announcement. Last year, the iPhone 6s and iPhone 6s Plus sold through 13 million units in three days of availability.

Source? I know Apple announced there would be no press release about first weekend sales, but I never heard anything about no discussion at the earnings announcement.

lkrupp 10521 comments · 19 Years

This is all bullshit. Apple is Doomed™ and everybody knows it. Why does AI keep lying to we the doomed users?

delreyjones said:

AppleInsider said:

Apple will not be disclosing sales figures in Tuesday's earnings announcement. Last year, the iPhone 6s and iPhone 6s Plus sold through 13 million units in three days of availability.

Source? I know Apple announced there would be no press release about first weekend sales, but I never heard anything about no discussion at the earnings announcement.

Exactly. Where is this coming from AI editors?

sirlance99 1301 comments · 11 Years

lkrupp said:

This is all bullshit. Apple is Doomed™ and everybody knows it. Why does AI keep lying to we the doomed users?

Why do you care so much? In the big scheme of things, it really doesn't matter.

ericthehalfbee 4489 comments · 13 Years

sog35 said:

Basic Google Pixel review by clueless tech media:

1. Design is blah
2. Not waterproof
3. Not as fast as iPhone
4. Camera is okay

but it the FIRST created from the ground up by Google!!!!
and it has a personal assistant!!!!!!

iPhone killer!!!!

I am really laughing all night long at the pathetic losers in the tech media trying to pump up the Pixel as some iPhone killer. They did the same thing with the Note7. At least the Note7 had some good things about it that made it different: design, stylus, screen. But this Pixel is basically a cheap POS rip off of a 2 year old iPhone. And yet the tech media hails it as some type of revolutionary phone. Its biggest feature is its ability to spy on you across all your apps.

You forgot:

- No optical image stabilization.
- Only a single camera on the XL.
- No stereo speakers even though it has the bezels/room for them.
- Doesn't even come with a pair of earbuds. Seriously, you pay that much for a flagship and don't even get earbuds?http://www.imore.com/pixel-iphone-7-and-grading-curve

Ritchie is dean on with this article.