T-Mobile today reported its second quarter earnings for 2018, highlighting 1.6 million total net additions and 4 percent revenue growth year-over-year. For Apple fans specifically, the carrier pointed to the Apple Watch as a driver of its additions…
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In its earnings release, T-Mobile highlighted that its “other net customer additions,” meaning those that weren’t phones, hit 331,000 during the quarter, up by nearly 50,000 compared to the year-ago quarter:
Branded postpaid other net customer additions were 331,000 in Q2 2018, up 47,000 from Q2 2017. Year- over-year the increase was due to higher gross customer additions from connected devices, specifically the Apple Watch
Speaking on the company’s earnings call this evening, T-Mobile CEO John Legere touted that the carrier had “strong branded postpaid net additions of 1 million.” This growth, Legere said, can be attributed in large part to the strong performance of wearables – including the Apple Watch.
“We also had strong branded postpaid net additions of 1 million, supported by continued strong growth of wearables, particularly the Apple Watch,” Legere said to investors on T-Mobile’s earnings call.
T-Mobile’s positive outlook on the Apple Watch echoes sentiment from Apple’s own earnings release yesterday. While the company does not specifically break out Apple Watch sales, Apple touted that its overall Wearables business was up 60 percent in revenue year-over-year.
Apple’s Wearables business includes Apple Watch, AirPods, and Beats. According to CFO Luca Maestri, the category has accumulated over $10 billion in revenue over the last four quarters.
More details about T-Mobile’s Q2 2018 earnings are available in its full release right here.