Mobile Minutes: Comcast endures; Walmart grows in China; Apple Watch sales roundup; Qualcomm slashes jobs
Comcast isn’t suffering the effects of cord cutting quite as fast as many expected, given the increasingly wide array of options for people looking to use Internet video as an alternative to cable television. Comcast did lose 69,000 video customers over the course of the quarter, but that always happens this time of year.
Read more on Bloomberg
Walmart buying remaining stake in China’s Yihaodian
Wal-Mart wants to make a bigger play for Chinese consumers online. The world’s largest retailer purchased the remaining stake it didn’t own in China’s Yihaodian, an online retailer.
Read more on ABC News
What we know about Apple Watch sales…so far
In the aftermath of Apple’s earnings on Tuesday, investors were left asking one question: How many Watches did the tech giant sell? Apple CEO Tim Cook remained tight-lipped on numbers but instead said the Watch had beat the company’s own internal expectations.
Read more on CNBC
Qualcomm slashes jobs and costs, says may split itself up
Chipmaker Qualcomm Inc. said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition. The company said it would reduce costs by about $1.4 billion, cut about 4,500 full-time staff, or 15 percent of its workforce, and boost capital returns to shareholders.
Read more on Reuters