NOTABLE TRENDS T-Mobile Plans Interrupt Apple Upgrades: Although the Q4 postpaid market is tracking down ~5% y/y, Apple increased its market share at AT&T and Verizon while holding steady at T-Mobile. We believe legacy T-Mobile subscribers' slow transition onto the new pricier Go5G Plus plans hindered upgrades among its large Magenta Max base, who were ineligible for the best iPhone 15 discounts. In contrast, AT&T and Verizon's strong promotional trade-in offers drove y/y iPhone growth, highlighting an unusual divergence among postpaid carriers and creating another headwind for handset OEMs in 2024. We are interested to see if AT&T and Verizon maintain their current level of promotions in 1Q24 to continue to pressure T-Mobile. A Series of Unfortunate Events: While we forecast slight growth in the postpaid market in 2024 following a lackluster 2023, we are notably cautious on the Samsung S24 series, marking our most apprehensive outlook since the astronomically priced S20 series. The S24 faces potential y/y declines, primarily due to the challenges arising from AT&T and Verizon’s shift to 36-month financing culminating in 2024 and T-Mobile’s weak upgrade trends due to its difficulties in leveraging device subsidies to shift subscribers to its Go5G plans. Meanwhile, we believe healthy iPhone 15 momentum will allow Apple to continue gaining share, adding further pressure to S24 sales.
BayStreet Research, LLC’s Post
More Relevant Posts
-
Partner Focused Support Team Lead enabling MSPs and Technology Resellers to deploy VoIP Solutions that offer a complete communication solution under their own brand strategies.
O2 (Telefónica UK) / Virgin Media became the first mobile networks last week to offer a 48 month mobile contract and i'm not sure I agree with it. Positive - Cheaper monthly rate to make a high value handset accessible to all. Negative - Tied in to a long term agreement for a device that will be 'behind the times' in a couple of years. Anyone considering this type of contract really needs to think about how much they need it or if they can wait a little while. Heres why: As an example the Samsung S23 ultra at launch was £1,200 Right now you can pick up a new one off Amazon for around £780 That's over £400 cheaper in just a year! Lets say the same applies to the S24 Ultra, and the reductions the same. So although it seems cheaper, for me for the little advancements these phones have year on year, just wait. Add to that 4 year terms to pay it off, which I am sure will hamper your credit ratings, as a longer term means a higher risk of missing payments. However I am not an expert on that so i'll leave that to my financial industry experts to confirm that bit. But for me, don't do it, wait that extra year, get the phone at the cheaper cost, and much cheaper contracts that will also then be available no doubt too, because its no longer the top spec phone available. At the end of the day its upto the individual, but i for one will never sign a 4 year mobile agreement, its just insane. (in my opinion) Full breakdown on 4 year mobile contracts available here from ISPreview.co.uk - https://lnkd.in/eY7y5Y2y
-
📱 Switching from T-Mobile? Here's Why You Might Consider It 📱 🚨 Key Points: Long-term T-Mobile customers facing unexpected price hikes despite Price Lock promises. One unhappy subscriber, after nearly 11 years, switched to Verizon's digital MVNO, Visible. Visible offers low-cost plans ($25/month) and access to Verizon's 5G network. MVNOs like Visible and Boost Infinite are gaining popularity due to lower prices and no retail hassles. Boost Infinite offers plans with annual upgrades to new iPhone or Galaxy models. 🔍 Why the Switch? Cost Savings: Visible offers Verizon's 5G for $25/month. Transparency: No hidden fees or retail tricks. Convenience: Manage your account via app or website. 🔗 Explore Alternatives: Visible: $25/month for 5G; $45/month for 5G Ultra Wideband. Boost Infinite: $60/month with annual phone upgrades. 💬 Join the Conversation: #TMobile #Verizon #Visible #BoostInfinite #WirelessService #PriceHike #SwitchToMVNO #5G #MobilePlans #TechNews
-
-
- As anticipated, Q1’24 revenue at €157m, down 24% at constant exchange year-on-year - Automotive & Industrial and Smart devices revenue continued to deliver strong growth - As expected, Mobile communications revenue were affected by the ongoing inventory correction across the smartphone market supply chain FY’24 guidance confirmed, with annual revenue expected to be stable year on year including H1’24 to decline by around 15%, and EBITDA margin expected to remain at around 36%
#FinancialResults We are reporting our FY’24 first quarter revenue. Our Q1’24 revenue reached €157m, down 23% on a reported basis and down 24% at constant exchange rates and perimeter versus Q1’23. ➡️The automobile and industrial revenue continued to deliver sharp growth whilst #SmartDevices maintained double digit growth. As anticipated, mobile communications revenue was affected by the ongoing inventory correction across the smartphone market supply chain. ➡️We confirm our FY’24 guidance, with annual revenue expected to be stable year-on-year with H1 FY’24 declining by around 15% at constant exchange rates and perimeter and EBITDA margin expected to remain at around 36%. Read more here👉 https://lnkd.in/e4uSD5Yk #semiconductor
-
-
#FinancialResults We are reporting our FY’24 first quarter revenue. Our Q1’24 revenue reached €157m, down 23% on a reported basis and down 24% at constant exchange rates and perimeter versus Q1’23. ➡️The automobile and industrial revenue continued to deliver sharp growth whilst #SmartDevices maintained double digit growth. As anticipated, mobile communications revenue was affected by the ongoing inventory correction across the smartphone market supply chain. ➡️We confirm our FY’24 guidance, with annual revenue expected to be stable year-on-year with H1 FY’24 declining by around 15% at constant exchange rates and perimeter and EBITDA margin expected to remain at around 36%. Read more here👉 https://lnkd.in/e4uSD5Yk #semiconductor
-
-
Prime Day Power Up: Unleash Epic Deals on Phones & Accessories (Save Up to 90%!) Get Charged Up for Prime Day! ⚡️ Get ready to snag incredible deals on all your phone essentials during Prime Day! Up to 90% off awaits Prime members on a massive selection of cell phones and accessories. Whether you need a brand new phone, a portable charger to keep you juiced on the go, or a stylish case to protect your investment, Prime Day has you covered. Here's a sneak peek at the power deals you can expect: Portable Chargers: From solar-powered options to smart watch chargers, find the perfect pick-me-up for your devices at unbelievable discounts. Wireless Chargers: Ditch the cords and embrace the future of charging with deeply discounted wireless chargers. Phone Mounts: Conquer hands-free navigation and entertainment with a variety of phone mounts on sale. Screen Protectors: Keep your screen safe from scratches and cracks with high-quality screen protectors at rock-bottom prices. Wallets and Cases: Express your style and safeguard your phone with a vast array of cases and wallets on offer. Don't Miss Out! Prime Day is your chance to supercharge your phone experience without breaking the bank. Stock up on essential accessories or snag a brand new phone at a fraction of the cost. Shop Now at Amazon! Bonus Tip: Head over to our Amazon Prime Day 2024 Guide for insider tips and tricks on maximizing your savings during this epic sales event. {getProduct} $button={Get Deal at Amazon!} $price={$Up to} $sale={90% Off} If the deal does not exist, this means it has expired. {alertError} via Blogger https://ift.tt/0AKnv6l July 17, 2024 at 02:06AM
-
https://lnkd.in/g_WvF9F8 Samsung’s new ‘flagship’ repair centers will provide more types of phone fixes and faster Samsung and its repair provider, Asurion, have announced that certain uBreakiFix locations will be getting an upgrade, helping them turn around Galaxy phone repairs faster. By the end of the year, 50 existing repair centers across the US will be designated as Samsung flagship locations, equipped with specialized tools and larger parts inventory for Galaxy devices. It’s a helpful step toward making phone repairs less painful, which remains a deeply uncomfortable process — just ask anyone who’s cracked a phone screen in the past, oh, decade or so.Some repair centers in parts of Texas, Orlando, and Los Angeles have already been upgraded to flagship status, and Samsung says that the program will continue to roll out throughout 2023. Staff at these stores will get special training for Samsung repairs and will help implement new repair types before they’re used more widely at standard uBreakiFix locations. Samsung also says that upgraded locations will be able to handle certain types of repairs not previously available at a walk-in repair center. RelatedApple shipped me a 79-pound iPhone repair kit ...
-
-
Notable trends from our February 12 report on the US smartphone market:
Key Q4 Takeaways: After all carriers reported sequentially higher upgrade rates in 3Q23 from 2Q23, the first time since 2019, we believed the early trends indicated the iPhone 15s appealed to the sizable and older iPhone 11 and 12 bases. However, AT&T's reported Q4 upgrade rate declined slightly y/y despite improved inventory relative to the iPhone 14s. AT&T's upgrade weakness indicates that despite similarly aggressive promotions y/y, early cycle strength did not continue through December. With a strategic focus on acquisition vs upgrades, both T-Mobile and Verizon, as expected, reported meaningfully lower Q4 upgrade rates y/y. Thus, while we believe Q4 share gains allowed the iPhone 15s to grow slightly vs. the 14s when we consider the impacts of the shift from 24 to 36-month financing, we no longer expect the postpaid market to grow y/y in 2024 and have moved from a low single-digit growth to a mid-single-digit decline for the year. S24 Fifteen Minutes of AI Fame: Samsung Galaxy S24 US preorders were up 10-15% y/y, with Verizon and AT&T's strength offsetting T-Mobile weakness. Interestingly, with only mild y/y hardware improvements, the S24 preorder excitement was in part driven by Android's Gemini AI innovations, which Samsung marketed as "Galaxy AI." While we were encouraged to see the market interest of these new AI services, the appeal of the S24 series has significantly declined after learning these Android AI capabilities would soon be available to the S23s, Z5 Series, and Pixel 8s. Furthermore, Samsung's decision to increase the price of the S24 Ultra to $1,300, particularly amid carriers limiting upgrade offers, introduces additional challenges for the S24 series that will likely exacerbate sales declines exiting Q1.
-
Imagine the ultimate blend of convenience and security. That’s what the partnership between Apple Pay and SyndiCard offers. This fusion provides a streamlined transaction process, ensuring every payment you make is quick, easy, effortless and secure. The collaboration enables companies to empower their employees with hassle-free access to Syndi Health's broad range of digital health services and experience an intuitive, user-friendly payment process 🖥️ Getting started is a breeze. All you need to do is open the Apple Wallet on your iPhone or Apple Watch. If you're using an iPad or Mac, go to Wallet & Apple Pay in the System Preferences. A few simple steps later, your SyndiCard is synced up and ready for use with Apple Pay! 💳
-
-
Small Business Leader | Telecommunication Expert | Managed IT Enthusiast | Solutions Based Sales Consultant | Technology Problem Solver
The iPhone 15 preorders kick off tomorrow, always an exciting time in the telco world! 👏 If you caught my earlier post this week, you'd already know about some key benefits and features. Now, let's talk about keeping your telco accounts in tip-top shape, regardless of your plan: 1️⃣ Review your plan to ensure it still fits your needs. With inclusions changing regularly, you might find a more cost-effective option, whether it's with your current provider or in the market. 2️⃣ Eliminate any unnecessary services. Sometimes we overlook unused data plans or outdated services like fax/EFTPOS/alarms. If it's not in use, it's time to consider cutting the cord. 3️⃣ Just like you'd evaluate any other business solution, ask yourself: "Is this the right fit for me?" Your telco services should align with your current business needs. Stay tuned for more updates and tips to keep your telco game strong! 💪 #TelcoInsights #iPhone15Preorder
