verizon wireless

Verizon Q1 beats analyst expectations with earnings per share of $1.22

Posted by | Earnings, hans vestberg, Mobile, verizon wireless | No Comments

Verizon just released its first quarter earnings report, with earnings per share that came in significantly ahead of analyst expectations, while revenue was right in line with predictions.

The company reported EPS of $1.22 per share (or $1.20 when adjusted to exclude a 2 cent benefit due to a pension re-measurement triggered by its recent voluntary redundancy program) and revenue of $32.1 billion, which was up 1.1 percent year-over-year. Analysts had predicted EPS of $1.17 and revenue of $32.15 billion.

Verizon also saw 61,000 net additions to its postpaid retail wireless business, including 174,000 net additions on the postpaid smartphone side.

The Verizon Media division (which owns TechCrunch) reported revenue of $1.8 billion, down 7.2 percent year-over-year. The company blames this decline on falling desktop ad revenue.

The report comes as Verizon begins its 5G rollout in  Chicago and Minneapolis, with the company saying that the 5G network buildout was part of its $4.3 billion in capital expenditures.

“2019 is shaping up to be an exciting year for Verizon,” said chairman and CEO Hans Vestberg in a statement. “We are leading the world in the development of new technologies with the launch of our 5G Ultra Wideband network. Our ambition remains unchanged to provide the most advanced next-generation networks in the world.”

As of 8am Eastern, Verizon shares are up 0.72 percent in pre-market trading.

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Apple expands its reach with free Apple Music on Verizon Wireless

Posted by | apple music, Gadgets, music streaming services, Verizon, verizon wireless | No Comments

Verizon Wireless is now offering free access to Apple Music. The music streaming service is available on select Verizon Wireless plans starting on January 17, 2019. Previously, Verizon and Apple offered a free six-month trial to the streaming service.

The partnership comes as Apple is clearly looking for partners to help extend the reach of Apple’s services. Just last week, at CES 2019, multiple consumer electronic companies announced compatibility and support for several of Apple’s services, including Airplay 2, HomeKit and iTunes video streaming services. This Verizon partnership further demonstrates Apple’s willingness to piggyback on another company to reach new users.

Verizon Wireless is America’s largest wireless carriers, though it’s unclear how many users will have access to this service. The free Apple Music offer is only available to Verizon subscribers on select plans. Starting January 17, Apple Music will be included in Beyond Unlimited and Above Unlimited plans. For other users, a six-month trial is still available.

Wireless carriers have long looked to offering outside services to its subscribers to prop up their offerings. T-Mobile offers free Netflix and limited access to GoGo. Sprint gives subscribers free Hulu and Tidal. Sprint lets users on some plans pick from free HBO, Cinemax, Showtime or other services. Verizon is the first to offer free Apple Music.

Partnering with wireless carriers is a proven strategy to supercharge growth. Previously, Spotify used similar methods to introduce its service to customers. Others, such as Dropbox, followed. It’s a smart move: Go where there are already customers. Wireless carriers offer service companies access to a huge range of customers from various demographic groups.

Going forward, it will be interesting to see if Apple discloses the source of Apple Music subscribers in quarterly reports. This deal will likely result in a massive increase of subscribers who are not paying for the service through traditional means.

Disclosure: TechCrunch is a Verizon Media company.

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Build your own L3-37 droid complete with voice interaction

Posted by | arduino, Droid, electronics, Gadgets, L3, robot, robotics, TC, technology, verizon wireless | No Comments

Robot maker Patrick Stefanski has created a 3D-printed – and animated – model of L3-37, the droid in the recent Solo movie. L3-37 is one of the funnest – and woke – droids in recent memory and this recreation is fun and ingenious.

Stefanski used Alexa voice controls to let the robot head respond to voice commands and he set the wake word to “Hey L3” to which the robot responds with a grumpy “What!”

The version you see above is painted and weathered but you can 3D print your own pristine version from here and then add in a Raspberry Pi and Arduino with a simple servo to control the head motion. In all it looks like a lot of fun and the hardest part will be printing all of the larger head parts necessary to recreate L3’s saucer-like dome.

It could make for a nice weekend project and looks to be surprisingly simple to build. Just don’t be surprised L3 rallies your DVR and air conditioner to revolt against attacks on droid rights.

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Verizon Accused Of Net Neutrality Foul By Zero-Rating Its Go90 Mobile Video Service

Posted by | AOL, broadband, go90, LTE, Mobile, net neutrality, TC, Verizon, verizon wireless, video hosting, video on demand | No Comments

go90 Verizon, the parent of TechCrunch’s parent AOL, is being accused of violating net neutrality principles by excluding its own mobile video streaming service, go90, from data charges — thereby creating an unequal playing field. Read More

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