T-Mobile had its best quarter ever, growing by 2.4 million subscribers. Most significantly, it captured most of the core phone subscriber growth in the industry. Uncarrier is working, but T-Mobile’s losses are also mounting.
T-Mobile’s bigger competitors combined lost phone subscribers in Q1. That could translate into big growth for T-Mobile when it reports its earnings on Thursday.
Though Sprint’s new friends and family plan gained nearly 3 million subscribers, it posted net losses of nearly 400,000 subscribers in Q1. Framily may be Sprint’s future, but it’s not yet having the impact it wants.
Though Verizon had a big quarter for tablet connections, it actually lost feature phone and basic smartphone subscribers in Q1. Those customers are likely going to T-Mobile and arch-rival AT&T.
AT&T’s Next isn’t just proving popular with customers. It’s proving popular with its accountants. The move away from subsidized phones gives it a new equipment revenue stream while keeping its newly contract-free customers loyal.