Legacy Reserves LP
Verizon’s smartphone penetration in its postpaid phone subscribers continued to grow in 4Q15. This figure was at 83.7% in 4Q15 compared to 78.6% in 4Q14.
Company & Industry Overviews
According to Apple, ~73% of its customers had not upgraded to iPhone 6 and iPhone 6 Plus as of July 21, 2015. The new iPhone may tap into this pool of potential customers.
Apple said that the sales of Apple Watch during June was more than in the other two months of fiscal 3Q15. Apple Watch was launched in April 2015.
Apple’s revenue grew robustly by ~32.5% YoY to ~$49.6 billion in fiscal 3Q15. Apple’s revenue growth was even higher than what the management had anticipated.
Tech & Comm Services
No wonder so many tech players are looking to enter this market—especially when the smartphone and tablet market is showing signs of a slowdown.