News by Luke Jones on Wednesday April 29, 2015.
|Sponsored links, if any, appear in green.|
T-Mobile has revealed its 2015 first quarter financial reports on Monday and the Magenta Network has had yet another fantastic three months. The company is on a roll that has been going for two years and during January through March T-Mobile added 1.8 million new subscribers to its services.That means the company now has a total of 56.8 million subscribers and the last period market the eighth consecutive quarter where T-Mobile added more than 1 million new customers. It certainly seems that the bubble is not bursting, even though many have predicted it will. Of the 1.8 million new additions, 1.1 million came from postpaid consumers, and from them 991,000 were new phone subscribers. While Sprint has not released its quarterly data yet, AT&T and Verizon have and T-Mobile bests both and is likely to have the best quarter of the big four even after Sprint?s financials are revealed. As for the money involved, T-Mobile increased revenue by 13.1% overall and 9% year on year compared with this time during 2014. Profit stood at $1.388 billion, which is a solid 27.6% improvement over last year, but 20.7% down from last quarter, although that was the busy holiday period that includes Thanksgiving and Christmas. T-Mobile has said that it expects 3 to 3.5 million new customer during 2015, a rise from its original 2.2 million to 3.2 million consumers added. The company expect cashflow of between $4.4 billion and $4.7 billion through the same time period.
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.