T-Mobile continues to deliver results, profits more than triple during the 4th quarter 2015

t-mobile
Shuttershock
In what appears to be a repeating refrain for T-Mobile, the carrier reported amazing results for the most recent quarter. The Un-carrier promotions appear to be working as the firm continues to attract new customers while increasing profits.

T-Mobile reported a net profit of $297 million for the fourth quarter of 2015, which is almost triple the $101 million for the same quarter last year.

The carrier killed it on the subscriber side, adding 2.1 million net customers during the fourth quarter, and 8.3 million for the entire year. These numbers include 1.3 million branded postpaid net adds for the fourth quarter and 4.5 million of that category for the full year. T-Mobile’s subscriber base now sits at 63 million.

This marks eleven consecutive quarters of adding more than one million net customers, and the third consecutive month in which the carrier added two million. It also marks the second straight year in which T-Mobile was able to add at least eight million net customers.

Attracting customers is one thing, but keeping them is another. T-Mobile is obviously doing something right here as well because customers are sticking around more than they were in the past. Postpaid phone churn was 1.46 percent during the fourth quarter, which is down from 1.74 percent during the same period last year. The churn rate is the percentage of subscribers that stop using the carrier’s services per month, so the lower the number, the better. T-Mobile also continues to rank high in customer satisfaction, leading J.D. Power’s 2016 U.S. Wireless Customer Care Full-Service Performance Study.

T-Mobile’s success has to be as a result of its ongoing Un-carrier promotions and CEO John Legere’s ability to create a tremendous amount of publicity by bashing the competing carriers. T-Mobile launched Binge On late last year, allowing customers to stream a variety of video services like Netflix, Hulu, HBO Go, and more without those services counting towards their data caps. The service has been under scrutiny due to the belief that it could violate Net neutrality rules, but it’s these kind of deals that are attracting customers.

With all this good news, one has to wonder if T-Mobile can continue to keep up this pace. Interestingly enough, the carrier’s outlook for 2016 only shows an increase of 2.4 and 3.4 million postpaid customers, which would be down from the 4.5 million it achieved in 2015.

The firm’s stock price opened much higher in early trading, hitting a high of $38.31, but a sell-off brought it back to the previous day’s level of $36.44 by late morning.

Home Theater

Hi-res streaming audio service Qobuz arrives in U.S., threatens Tidal’s monopoly

For several years, Tidal enjoyed a monopoly on hi-res music streaming in the U.S. Now, French company Qobuz is here to offer some competition with a variety of monthly plans starting at $10 a month.
Mobile

T-Mobile says Sprint merger will boost 5G speeds by up to 6 times

2019 will be a huge year for T-Mobile. Not only is a merger with Sprint likely, but T-Mobile is also in the midst of building out its next-generation mobile service. Here's everything you need to know about the T-Mobile 5G rollout.
Mobile

OnePlus breaks into the top five among U.S. smartphone companies

We've been impressed with the value offered by OnePlus phones for years, but in 2018 the Chinese manufacturer really stepped things up. After impressive sales, OnePlus broke into the top five U.S. smartphone companies in the high-end…
Cars

Someone stared at a Volvo on their phone for nearly 10 hours to win it

Volvo didn't want you to watch the 2019 Super Bowl or the million-dollar ads that pepper it. Instead, it gave those willing to ignore the big game the chance to win a two-year subscription to a brand-new S60.
Mobile

North Focals smartglasses discount cuts the price by a massive $400

Canadian startup North is hoping smartglasses will be the next big wearable. After announcing its new Focals smartglasses in late 2018, the company opened product showrooms in Brooklyn and Toronto and has made its first shipment.
Mobile

New Apple patent hints clamshell-style foldable phone may be in the works

Apple has filed a patent for a foldable phone that suggests the company could be following in the footsteps of the likes of Samsung and Huawei. The patent describes a clamshell-style foldable phone with two separate sections.
Mobile

Exclusive: Take a look at what a next-generation 5G phone will look like

With 5G phones debuting at MWC in mere days, there is discussion about whether they will be clunky bricks that die after a few hours? A reference design from Qualcomm offerrs a glimpse of the future: This is what 5G phones will look like.
Mobile

Xiaomi Mi 9 will be one of the first phones with monster Snapdragon 855 chip

Xiaomi's next major smartphone release will be the Mi 9, and the company hasn't held back in giving us a good look at the phone, revealing the design, the camera, and a stunning color.
Wearables

Galaxy Watch Active isn't official yet, but you can see it in Samsung's own app

Samsung may be about to resurrect its Sport line of smartwatches under a new name: The Galaxy Watch Sport Active. Leaks and rumors are building our picture of the device at the moment.
Mobile

Stop buying old tablets, says Samsung, buy the new Galaxy Tab S5e instead

Samsung has launched the Galaxy Tab S5e -- the E is for Essential -- a reasonably priced tablet that includes many of the features we like from the Tab A 10.5, and the Tab S4. Here's what you need to know.
Mobile

Bag yourself a bargain with the best budget tablets under $200

The battle for your budget tablet affections is really ramping up. Which tablet, costing less than $200, should be commanding your attention? We take a look at some different options for the budget-conscious.
Computing

What is Wi-Fi 6? Here's a look at the next evolution of the wireless standard

We're exploring the new naming convention for wireless standards, how it affects the devices you buy, and what the upcoming Wi-Fi generation is changing for the better.
Home Theater

Samsung accidentally leaks its new Galaxy Buds ahead of launch

It's been all but certain that Samsung would launch a successor to its Gear IconX wireless earbuds soon, but a newly leaked photo and recent FCC certification document seems to indicate that the debut is very close.
Wearables

Focals succeed where Google Glass fumbled (but do we really need smartglasses?)

It’s been seven years since Google took the wraps off Google Glass. Now, we’re finally getting a modern-day equivalent we want to wear. North’s Focals combine subtle style with an intuitive interface to craft smartglasses you’ll…