“Continued traction” with top smartphone OEMs Samsung, Xiaomi, Oppo, Vivo and Honor drove Qualcomm’s handset revenue 56% higher to $6.3 billion in fiscal Q2 ended March 27, said CEO Cristiano Amon on an earnings call Wednesday. The stock closed 9.7%% higher Thursday at $148.19.
The wireless industry needs to cut its own power consumption but can also help other industries become more energy efficient, speakers said Wednesday at the Brooklyn 6G Virtual Summit. Speakers warned that the rapid growth expected as industry moves to 6G will complicate efforts to reduce energy use.
MONTGOMERY, Ala. -- Federal judges pushed attorneys into overtime at an 11th U.S. Circuit Court of Appeals oral argument Thursday on tech companies’ challenge to Florida’s social media law. Asking the most questions by far, Judge Kevin Newsom dug into Florida’s arguments for why the state may regulate social networks. However, Judge Ed Carnes seemed to dismiss looking at Florida’s motivations through lawmaker and governor statements.
T-Mobile will finish moving all Sprint customers to the T-Mobile network over the next few months and plans to “decommission substantially all” Sprint sites by year-end, executives said Wednesday as the carrier reported Q1 results. T-Mobile continues its strong growth, with 589,000 postpaid phone net adds and 1.3 million postpaid net customer adds. T-Mobile shares closed 3.9% higher Wednesday at $129.84.
IFA 2022 is “going ahead” as scheduled Sept. 2-6 at the Messe Berlin fairgrounds as a “full-size” show for the first time since 2019, and it will be a “hands-on, on-location event without compromise,” IFA Executive Director Jens Heithecker told a digital news briefing Wednesday. IFA 2022 won’t have a COVID-19 vaccination mandate, said Heithecker in a follow-up Q&A.
Commerce Secretary Gina Raimondo and some Senate Commerce Committee members used a Wednesday hearing on the Commerce Departments FY 2023 budget goals (see 2204210059) as a platform to press Congress to move swiftly to reach an agreement marrying elements of the House-passed America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength Act (HR-4521) and Senate-passed U.S. Innovation and Competition Act (S-1260). Committee members also pressed Raimondo on NTIA’s plans for distributing $48 billion in broadband money from the Infrastructure Investment and Jobs Act and how to improve interagency spectrum coordination.
Monthly Spotify premium users grew 15% year on year in Q1 to 182 million, despite 1.5 million accounts suspended in Russia, said the company Wednesday in its quarterly earnings release. Net subscriber growth was ahead of plan, helped by adds in Latin America and Europe.
The 50-50 Charter Communications-Comcast joint venture to develop a national streaming platform on branded 4K streaming devices and smart TVs lacks a brand name. The venture, announced Wednesday, will give consumers a “world-class user experience and navigation designed to simplify the search experience, all the top apps, a voice remote and more choice in the streaming marketplace,” a Charter spokesperson emailed Wednesday. The companies “have nothing to share regarding the brand of the JV at this time,” he said. The closing of the joint venture is subject to customary closing conditions, the companies said.
Warner Bros. Discovery is “positioned to win” as one of the “true content makers,” with its ability to produce and control intellectual property “vs. those that just write checks,” said CEO David Zaslav Tuesday on a Q1 earnings call, its first as a combined company after AT&T’s spinoff of WarnerMedia was finalized April 8.
Corning gleaned from proprietary Q1 retail data that TV unit sales during the quarter were “a little bit lower" globally than what its models predicted, “but we still anticipate growth for the year” by a high-single-digit percentage over 2021, said CEO Wendell Weeks on an earnings call Tuesday. Revenue in Corning’s Q1 display-glass business jumped 11% year over year to $959 million, and net profit in the segment reached $236 million, also up 11% from the 2021 quarter.