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☆ Apple’s iPhone 16 hasn’t gotten a hot start, analysts estimate, but some still counting on ‘super cycle’
▼ + stars: | 2024-09-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

Apple needed the iPhone 16 to be a big seller after years of sluggish iPhone sales. In particular, demand for the higher priced iPhone 16 Pro devices were down sharply year-over-year compared with the iPhone 15 launch. Analysts say there appears to have been greater demand for the lower priced iPhone 16 and iPhone 16 Plus devices than the Pro and Pro Max, which could affect the average selling price and overall iPhone sales revenue. In the first weekend of presales, Apple sold 9.8 million iPhone 16 Pros and 17.1 million iPhone 16 Pro Max devices, down 27% and 16% year-over-year, respectively, according to Kuo. “It’s all about a monster holiday quarter and the supercycle begins for iPhone 16 in our view,” Ives told CNN in an email.

Persons: New York CNN — Apple, Long, It’s, it’s, Chi Kuo, Dan Ives, Angelo Zino, Pro Max, Kuo, Zino, ” Zino, ” Kuo, Lex Chiew, CFRA’s Zino, Mike Sievert, “, ” Ives Organizations: New, New York CNN, Apple, TF International Securities, Research, Pro, Apple Intelligence, iOS, Mobile, CNBC, CNN Locations: New York, China, ”, presales

☆ These 3 ugly duckling stocks will become beautiful swans as the Fed cuts rates
▼ + stars: | 2024-09-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Some of it had to do with the old joke being that Best Buy was nothing but an Amazon showroom. CEO Corie Barry is a no-nonsense heavyweight who mastered the supply chain for Best Buy during the pandemic. As the JPMorgan recent upgrade on Best Buy said, most investors don't realize how awful this period has been for Best Buy. It doesn't hurt, of course that Best Buy has a substantial dividend — 3.68%, down from 4% and 5% when we were buying it. We have watched Eaton and Dover go higher and that was without the rate cycle, just with the data center.

Persons: Stanley Black, Decker, —, couldn't, Corie Barry, Barry, don't, It's, Stanley, Trump, Helene, Hock Tan, Marc Benioff, Mike Sievert, Blackwell, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Empire, Circuit, Intel, HP Inc, HP, JPMorgan, Williams, Dick's Sporting Goods, Abercrombie, Fitch, Depot, Procter, Gamble, Linde, Honeywell, Quantum Computing, Tech, Broadcom, VMWare, Elon, Mobile, Nvidia, Jim Cramer's Charitable, CNBC, Microsoft Locations: Sonoma, Covid, China, Lowe's, Eaton, Dover, San Francisco, Secaucus, N.J

☆ Microsoft’s first-mover advantage in AI is fading. Why we’re OK with that
▼ + stars: | 2024-09-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Amazon , Meta Platforms and Apple are eating away at Microsoft's once-sizable lead in the heated artificial intelligence arms race, according to D.A. Early investments in ChatGPT creator OpenAI gave Microsoft the first-mover advantage in the AI race. Davidson analysts praised Amazon, Meta, and Apple as their top three. AMZN YTD mountain Amazon YTD In particular, D.A. META YTD mountain Meta Platforms YTD As for Meta, the Club sees potential in how AI helps boost user engagement with its chatbot baked into Facebook, WhatsApp and Instagram.

Persons: Davidson, Jim Cramer, Jim, it's, Gross, OpenAI, Copilot, That's, D.A, Mike Sievert, Jim Cramer's, Adam Gray Organizations: Microsoft, Big Tech, D.A, Apple, Club, Services, AWS, Amazon, Meta, Facebook, Mobile, Apple Intelligence, CNBC, Getty Locations: Microsoft's, Redmond, Washington, D.A, San Francisco, New York City

☆ 6 things from my San Francisco trip reveal which stocks are AI winners
▼ + stars: | 2024-09-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Almost everyone else seems to want to deploy AI in some meaningful way but don't seem to know how. It's available on HP 's AI personal computers right now but hasn't really attracted a lot of interest yet — good for Club company Best Buy 's forward earnings. For some companies, companies like CVS , this is a no brainer. One that can build things or get things or just give you a cup of your coffee. I don't know what will happen to people who are doing this now.

Persons: Jensen Huang, Marc Benioff, Copilot, hasn't, Uber, San Francisco —, Amazon's, Benioff, Benioff's, Agentforce, Tesla, Elon, Donald Trump, Pat Gelsinger, gunning, Lisa Su, Jensen, Su, wasn't, Nvidia's Blackwell, Blackwell, Mike Sievert, Jim Cramer's, Jim Cramer, Jim, Carlos Barria Organizations: Microsoft, Club, Nvidia, Oracle, HP, Devices, AMD, Saks Fifth, CVS, Siemens, Starbucks, Intel, Qualcomm, Arm Holdings, Enterprise, Constellation Energy, GE Vernova, Apple, Mobile, Jim Cramer's Charitable, CNBC Locations: San Francisco, Atlanta, Austin , Texas, Dreamforce, bailiwick, Eaton, Dover, California

☆ Why investors should dismiss Wall Street concerns about demand for Apple's new iPhone 16
▼ + stars: | 2024-09-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The leader of one of the largest U.S. carriers said there have been more iPhone 16 sales in the first week of preordering compared to the same period last year for the iPhone 15. The iPhone 16 was announced on Sept. 9 , when the company held this year's fall new product event. So, they're buying up the food chain, and they're buying at a greater rate," Sievert said, dismissing any softer iPhone 16 sales data as "nonsense." This is important because mobile carriers — including Verizon and AT & T — are the single-largest iPhone sales channel for Apple. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: Jim Cramer, Mike Sievert, Sievert, Morgan Stanley, That's, Jim, Sievert —, Wednesday's, — Morgan Stanley, Chi Kuo, Kuo, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, Mobile, U.S, Verizon, AT, JPMorgan, Barclays, Bank of America, TF Securities, Apple Intelligence, CNBC Locations: U.S, Cupertino , California

☆ T-Mobile CEO Mike Sievert sits down with Jim Cramer
▼ + stars: | 2024-09-18 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile CEO Mike Sievert sits down with Jim CramerT-Mobile President and CEO Mike Sievert joins 'Mad Money' host Jim Cramer to talk its 5G growth plan, competition in the space, and more.

Persons: Mike Sievert, Jim Cramer Organizations: Mobile

☆ T-Mobile CEO says his company is selling the iPhone 16 'at a greater rate' than last year's model
▼ + stars: | 2024-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Wednesday interview with CNBC's Jim Cramer, T-Mobile CEO Mike Sievert said his company was seeing more sales of the iPhone 16 than last year's series of the smartphones. "Not only good, but better than last year, and people are buying Pros, they're buying Maxs, so they're buying up the food chain, and they're buying at a greater rate than last year." Apple is set to release the iPhone16 in stores on Friday, widely touted for its new artificial intelligence capabilities. But according to Sievert, the iPhone16 is in demand, although the delay may lengthen the buying cycle. Sievert also reviewed announcements the company made at a conference it held on Wednesday.

Persons: CNBC's Jim Cramer, Mike Sievert, Sievert, Siebert, it's, we're Organizations: Mobile, Apple, Nvidia, Nokia

☆ We're going to transform this business, says T-Mobile CEO Mike Sievert
▼ + stars: | 2024-09-18 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going to transform this business, says T-Mobile CEO Mike SievertT-Mobile President and CEO Mike Sievert joins 'Mad Money' host Jim Cramer to talk its 5G growth plan, competition in the space, and more.

Persons: Mike Sievert, Jim Cramer Organizations: Mobile

☆ T-Mobile CEO Mike Sievert on Q2 results: Biggest Q2 on customer growth in company history
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile CEO Mike Sievert on Q2 results: Biggest Q2 on customer growth in company historyT-Mobile CEO Mike Sievert joins 'Squawk on the Street' to discuss the company's quarterly earnings results, state of the company's fixed wireless business, fiber strategy, growth outlook, and more.

Persons: Mike Sievert Organizations: Mobile

☆ Jim Cramer likes bullish calls on Viking and Airbnb but is cautious on this bank
▼ + stars: | 2024-05-28 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "They don't want kids, and they don't want gambling," and that's the appeal of Viking, Cramer said. Airbnb : Shares of the short-term rental company were upgraded to a buy-equivalent outperform rating at Wedbush. Huntington Bancshares : The regional bank stock was upgraded to a buy-equivalent overweight rating at JPMorgan. Cramer said Texas Instruments didn't make the right moves with customers and shareholders and that's why Elliott moved in.

Persons: Jim Cramer's, Mike Sievert, Jim Cramer, initiations, Viking, Cramer, Huntington, Elliott Organizations: CNBC, Club, U.S . Cellular, Mobile, U.S, Cellular, Viking Holdings, JPMorgan, Texas, Elliott Management

☆ Getting into fiber is an opportunistic, financial, and customer experience play: T-Mobile CEO
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGetting into fiber is an opportunistic, financial, and customer experience play: T-Mobile CEOMike Sievert, T-Mobile CEO, joins 'Closing Bell Overtime' to talk quarterly earnings, growth in fiber and 5G, stock buybacks and more.

Persons: Mike Sievert Organizations: Mobile

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ T-Mobile CEO Mike Sievert on Q4 results: Revenue per customer is rising 'without the shenanigans'
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile CEO Mike Sievert on Q4 results: Revenue per customer is rising 'without the shenanigans'Mike Sievert, T-Mobile CEO, joins 'Closing Bell Overtime' to talk quarterly results, the possibility of price increases, job cuts and more.

Persons: Mike Sievert Organizations: Mobile

☆ SpaceX and T-Mobile send first texts via Starlink satellites
▼ + stars: | 2024-01-10 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022. SpaceX successfully sent text messages via Starlink satellites using T-Mobile's network, it announced Wednesday, as Elon Musk's company aims to bring its direct-to-device cell service to market in the coming year. The recent test comes as major players pursue the market to connect unmodified phones directly to satellites, a nascent subsector of the space economy. SpaceX last week launched the first six Starlink satellites equipped with direct-to-device, or D2D, capabilities, after receiving authorization from the Federal Communications Commission last month to test the technology. The company said it performed the texting demonstration on Monday — in which SpaceX "sent and received our first text messages to and from unmodified cell phones on the ground to our new satellites in space" — and declared the test "validates" that "the system works."

Persons: Elon Musk, Mike Sievert, Elon Organizations: SpaceX, Mobile, Boca, Federal Communications Commission Locations: Boca Chica Beach , Texas

☆ Cramer's Lighting Round: Buy Boeing
▼ + stars: | 2023-11-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon CRISPR's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Cencora's year-to-date stock performance. Stock Chart Icon Stock chart icon T-Mobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Boeing's year-to-date stock performance.

Persons: it's, Mike Sievert, Cardinal Health's, Tony Xu, Tony Organizations: Dell, Mobile, Boeing, Cardinal Locations: Cardinal

☆ T-Mobile CEO on new sponsorship in Mercedes, wireless capabilities in Vegas
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile CEO on new sponsorship in Mercedes, wireless capabilities in VegasT-Mobile CEO Mike Sievert joins 'Squawk on the Street' to discuss why T-Mobile decided to sponsor Formula One, how to play both sides of the income spectrum, and whether the company is increasing advertising and marketing spending.

Persons: Mike Sievert Organizations: Mobile, Mercedes, Formula Locations: Vegas

☆ T-Mobile CEO Mike Sievert on Q3 earnings beat
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile CEO Mike Sievert on Q3 earnings beatMike Sievert, T-Mobile President and CEO, joins 'Squawk on the Street' to discuss what's driving growth for the company, what's happening with pricing, and how he would characterize the launch of the iPhone 15.

Persons: Mike Sievert Organizations: Mobile

☆ CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees
▼ + stars: | 2023-09-14 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Accenture PLC FollowAirbnb Inc FollowAlphabet Inc Follow Show more companiesWASHINGTON, Sept 14 (Reuters) - Chief executives from a wide array of U.S. companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States. They will meet Zients and other White House officials "to discuss specific ways we can continue to work together to support safe, orderly pathways for people in need of safety to come to the United States, including through refugee resettlement and new, expanded humanitarian sponsorship programs," a White House official told Reuters. The White House, which says it wants to partner with the private sector to build a humane immigration system, worked with Welcome.US to help Afghan refugees coming to the United States after Biden pulled U.S. troops out of Afghanistan in 2021.

Persons: Annegret, Jeff Zients, Alphabet's Sundar Pichai, Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores, Richard Dickson, Julie Sweet, David Risher, Hamdi Ulukaya, Mike Sievert, Goldman Sachs, Kathy Hochul, Zients, Biden, Donald Trump, Welcome.US, Jeff Mason, Christian Schmollinger Organizations: Google, Arena, REUTERS, Accenture, White, Welcome.US, Reuters, Lyft, Mobile, Blackstone, Comcast, Meta, Republicans, Democrat, Republican, Biden, Thomson Locations: Berlin, Germany, WASHINGTON, United States, Airbnb, New, New York City, United, Afghanistan

☆ Watch CNBC's full interview with T-Mobile's Mike Sievert on competition in telecom space
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with T-Mobile's Mike Sievert on competition in telecom spaceMike Sievert, T-Mobile President and CEO, joins 'Power Lunch' to discuss T-Mobile offering a $19 billion buyback plan with $3.75 billion in dividends, reducing headcount to abate the costly economic headwinds, and offsetting the impacts of rising hardware costs.

Persons: Mike Sievert Organizations: Mobile

☆ T-Mobile to lay off 5,000 workers
▼ + stars: | 2023-08-24 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks. The company also plans to reduce its spending on “external workers and resources,” but its retail and “consumer care” staff who work directly with customers will not be affected, he said. T-Mobile’s stock has fallen more than 7% since last August. Affected employees will receive “competitive severance packages” based on tenure, as well as accelerated stock vesting, access to career transition services and other benefits, Sievert told employees. He added that the company is not planning additional, widespread employee reductions in the foreseeable future.

Persons: New York CNN —, Mike Sievert, ” Sievert, Sievert, ”, “ Organizations: New, New York CNN, Mobile, Microsoft, Meta, Sprint Locations: New York

☆ T-Mobile US to cut 5,000 jobs as cheaper plans weigh on costs
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: +1 min

T-Mobile US said on Thursday it would reduce its workforce by about 7% by cutting 5,000 jobs in the United States as the wireless carrier grapples with rising costs related to adding more subscribers in a competitive market. The carrier has been taking the lion's share of subscribers looking for cheaper plans in the last three quarters through discounted bundles, but that has taken a toll on T-Mobile. The jobs cuts over the next five weeks will target corporate and back-office roles, and some technology jobs, Sievert said, adding that retail and consumer care divisions will not be impacted. The carrier expects to incur a pretax charge of about $450 million in the third quarter. T-Mobile had said in July that it expects wireless subscriber net additions between 5.6 million and 5.9 million.

Persons: Mike Sievert, Sievert Organizations: Mobile Locations: New York, United States

☆ T-Mobile CEO on state of the consumer and Q2 earnings
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile CEO on state of the consumer and Q2 earningsMike Sievert, T-Mobile CEO, joins 'Closing Bell: Overtime' to discuss company earnings, state of the consumer and outlook.

Persons: Mike Sievert Organizations: Mobile

☆ T-Mobile scoops up owner of Ryan Reynolds-backed Mint Mobile for $1.35 bln
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

March 15 (Reuters) - T-Mobile US Inc (TMUS.O) said on Wednesday it would buy Ka'ena Corp, the owner of Ryan Reynolds-backed budget service provider Mint Mobile, for up to $1.35 billion, as the telecom operator looks to maintain growth in a competitive market. The deal will allow T-Mobile to tap a larger share of the pay-as-you-go customer base, whose numbers are expected to swell as credit-challenged people shy away from hefty monthly bills. The purchase will add slightly to T-Mobile's core adjusted earnings, but is not expected to affect its outlook for the year. "Over the long term, we'll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile," said Mike Sievert, Chief Executive Officer of T-Mobile. Reporting by Akash Sriram in Bengaluru; Editing by Saumyadeb Chakrabarty and Uttaresh VenkateshwaranOur Standards: The Thomson Reuters Trust Principles.

☆ T-Mobile to buy Ryan Reynolds’ Mint Mobile in a $1.35 billion deal
▼ + stars: | 2023-03-15 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

T-Mobile announced Wednesday that it’s buying budget wireless provider Mint Mobile in a larger deal for up to $1.35 billion. “I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile,” Reynolds wrote on Twitter Wednesday. Mint Mobile was created in 2016 with the goal of delivering an “affordable, premium wireless” service direct to consumers, according to its website. In his 2019 statement, Reynolds said he was “excited to champion a more practical approach to the most essential technology.”T-Mobile hopes to boost its own prepaid services with the acquisition of Mint Mobile. “Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile.” wrote Sievert.

☆ Ryan Reynolds explains sale of Mint Mobile to T-Mobile
▼ + stars: | 2023-03-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyan Reynolds explains sale of Mint Mobile to T-MobileMad Money host Jim Cramer talks to Mint Mobile's Ryan Reynolds and T-Mobile CEO Mike Sievert about the latter's acquisition of Mint Mobile and Ultra Mobile, two value-oriented brands, for up to $1.35 billion in cash and stock.

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