The tablet boom is ending and Sprint’s cost cuts are not … 5 things to know today
5 things to know today in wireless and mobile:
1. Tablet sales are expected to fall 8% this year, according to the analysts at IDC. They say businesses have not adopted tablets as PC replacements, and that tablets that can double as laptop computers are selling the best. Overall, the firm projects that 212 million tablets will ship this year.
2. Sprint plans more cost cuts this year. CEO Marcelo Claure told the Kansas City Star that he plans to cut costs just as aggressively as he did during his first year at Sprint, and that he needs a way to finance Sprint’s turnaround. His comments were included in an in-depth article that is filled with details about Claure’s personal life and his time at Brightstar.
3. Wireless carriers are gaining ground again on Wall Street after Monday’s bloodbath. Shares of Verizon, AT&T, Sprint and T-Mobile US have all bounced back, although none of them are back up to last week’s trading levels. The U.S. stock market was spooked on Monday by a selloff in the Chinese stock market.
4. China’s economic slowdown has not taken the wind out of ZTE’s sails. The Chinese wireless equipment maker said today that profits rose 43% during the first quarter, boosted by Chinese carriers’ 4G rollouts. Revenue for ZTE’s telecom equipment unit was up 30%.
5. Verizon wants to turn every vehicle into a connected car. For $15 a month, drivers can subscribe to Verizon’s new service called Hum, for vehicle diagnostics and roadside assistance. The service is compatible with more than 150 million vehicles that are on the road today, according to Verizon.
And our featured job today comes from MasTec Network Solutions. The company is hiring an associate RF engineer to work in Maryland. Find hundreds of jobs and thousands of resumes at telecomcareers.com.
