AT&T Inc
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Disruptors are dialing up the pressure in telecom, overcoming the high barriers to entry in one of the market's most capital-intensive industries.
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Apple outpaced analyst estimates selling more than 500,000 iPhones at Apple and AT&T stores in the first weekend it was available, according to some projections, although about 2% of AT&T customers were dissatisfied with their iPhones due to delays in wireless network activation.
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Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
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U.S. telecommunications company AT&T said on Friday it will buy rural wireless carrier Dobson Communications for $2.8 billion in cash to expand its reach in rural and suburban markets.
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Global Tower, a U.S. wireless tower operator, is to be bought by a consortium of infrastructure funds managed by members of Australia's Macquarie Group in a deal valued at $1.4 billion.
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Even with the July 4th holiday next week, analysts think the markets will be as jittery as ever. "The market is very nervous here," Steven Neimeth, portfolio manager at AIG SunAmerica Asset Management told CNBC.com. "Lower liquidity around the Fourth of July week could lead to greater volatility as a result of news events, whether it be the Middle East, oil or the credit markets. Any news, good or bad, is likely to have a heavy impact on the market."
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On the day of reckoning for the most-hyped gadget in recent memory, eager customers lined up Friday, a few even braving torrential rain, to be among the first to get their hands on the coveted new cell phone from Apple.
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AT&T has agreed to purchase wireless carrier Dobson Communications, a source familiar with the situation said on Friday.
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If you're holding Apple stock, or want to, and haven't asked these five financial questions, you should. 1. What if the iPhone is a bust? What will that do to Apple stock? "If the device doesn't hit, and continue with a real strong bang, people might be deflated here," says Jonathan Hoopes at ThinkEquity. "Believing that the iPhone, if it's not as successful as those who think it will be, is gonna bring the down the company's other businesses."
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So, here we are a day away now from Apple Inc.'s iPhone release, and after months of hype and endless coverage, consumers still have some questions, like the day-to-day issues that could determine whether this phone is right for you. So, here are some questions and answers that may help you make up your mind.
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Apple Inc.'s iPhone may have a corner on the smart phone headlines, but Research in Motion and Palm will generate some news of their own when they release earnings after the bell today.This will shape up into a tale of three companies: One might be too hot, the other too cold, and the last might be just right.
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Thankfully, sometime in the next couple of days, the first Apple iPhone will be sold and the 290 million Americans not buying one can go back to their normal, boring lives. Look, the thing looks absolutely iFabulous, but can it clean my bathrooms? No. Next! A firm called M:Metrics says it's been trying to gauge actual, honest-to-goodness-minus-the-media-hype interest in the device, and has found..
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The long-awaited iPhone lives up to the hype, said Edward Baig, technology reporter with USA Today on CNBC's On The Money.
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Even for a company that has mastered the art of product-launch hoopla, Apple appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
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Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?
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Qualcomm has nothing to do with making Apple's iPhone, but the chief executive officer of the world's No. 2 cell phone chipmaker said Thursday that he has plenty to gain.
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Google, Vodafone, Foster Wheeler and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Yahoo's next chapter begins today with a "what's old is new again" approach. Yahoo co-founder Jerry Yang moves into the C-suite; and Susan Decker moves next door as the company's president. And with a few hours under our belts to digest Terry Semel's departure, it gives us some opportunity to look ahead at what's next for this company.
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The man they call "The Duck," Angel Cabrera, was one of two players who finished under par after the first round of the U.S. Open on Thursday. But oddsmakers didn't respect the 37-year-old, who had a previous U.S. Open high of a seventh place finish in 2001 and missed three of seven cuts in PGA Tour events this year. That's why on Friday morning, if you had a hunch for Cabrera, you could have dropped $100 to won north of $2,500 on Sunday. Wanted to wait until Sunday morning?
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NASCAR filed a $100 million counter claim against AT&T on Sunday, accusing the wireless provider of interfering with its exclusive sponsorship agreement with rival wireless company Nextel.
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Stocks rallied on Friday but still ended the week lower because of a three-day selloff sparked by higher interest rates.