T-Mobile Q3 2024 Earnings Boosted by iPhone 16 Launch

T-Mobile, a major player in the U.S. wireless market, is expected to release its Q3 2024 financial results toward the end of October. Analysts predict that the company will report earnings of $2.44 per share, reflecting over a 30% increase compared to the previous year, alongside revenues of approximately $20.1 billion, which is about 4% higher than last year. This growth is attributed to a rise in wireless service revenues, particularly from the adoption of higher-value 5G plans and stable subscriber growth. The company has also seen a notable increase in its stock price, which has risen by about 35% year-to-date, outperforming Verizon's 22% gain. T-Mobile's success can be linked to its strategic initiatives, including the launch of the iPhone 16 series, which is expected to drive further subscriber additions. Additionally, earlier price increases and a shift towards premium plans are likely to enhance per-user revenue. In the last quarter, T-Mobile added 406,000 subscribers, marking the best performance in the industry. This growth is supported by the company's effective deployment of mid-band spectrum for 5G technology, allowing it to capture a larger share of net customer additions in the U.S. wireless sector. Overall, T-Mobile's strong performance and strategic focus on premium offerings and advanced technology position it well for continued growth, potentially outpacing rivals like AT&T and Verizon in the coming quarters.