The Galaxy Note 20 and Galaxy Z Fold 2 will arrive as consumers guard their wallets amid the coronavirus-fueled recession. Samsung’s mobile business has a new test this year: Getting buyers to fork over $1,000 during a pandemic. Today, the company hosted its first virtual Unpacked event, broadcasting live from South Korea. It unveiled five…
Ever since the stay-at-home mandates began rolling out across the country, we’ve seen numerous companies withdraw guidance and discontinue providing business outlooks. Without this guidance, consensus estimate ranges have grown wider than ever before, reflecting a greater degree of uncertainty. In these times, both investors and corporate operators who use insights from alternative data will…
Verizon is selling the most 5G phones of any US carrier by far, according to analysis firm M Science. Verizon subscribers are picking up the most 5G phones by far of any carrier in the US, according to new data from M Science, although AT&T and T-Mobile report far broader 5G coverage. Sales of 5G…
The online car dealer gained on momentum from the recovery and positive analyst commentary.What happenedShares of Carvana (CVNA) were climbing last month as a series of bullish analyst reports, positive third-party data, and momentum from the recovery pushed the online used car dealer higher. According to data from S&P Global Market Intelligence, the stock finished…
The pandemic has caused hiccups in some regions, but the super-fast wireless tech keeps rolling out. This was supposed to be the year 5G went mainstream. Huge swaths of the world would be blanketed with coverage. Every major handset maker — including Apple — would offer a wide variety of 5G phones . After years…
Walmart grew online sales 74% in the first quarter. In the press release announcing its earnings results, management attributed the acceleration in online sales growth to “strong results for grocery pickup and delivery services.” A couple of other notable items from Walmart’s report include gross margin contraction of 66 basis points and lower losses for…
With restaurants resuming some dine-in services and more people returning to work, grocery stores are getting the short end of the stick. The total grocery industry, which includes in-store shopping and delivery and meal-kit providers, saw an “across-the-board spending deceleration” of about 500 basis points for the two weeks that ended May 19 from the…
While the apps say they are saving them in the pandemic, many restaurateurs say the opposite. Before the coronavirus lockdowns, Matt Majesky didn’t take much notice of the fees that Grubhub and Uber Eats charged him every time they processed an order for his restaurant, Pierogi Mountain. But once the lockdowns began, the apps became…
Steven Weinstein raised his first-quarter revenue expectations for Wayfair Inc. after scouring credit and debit card information from millions of Americans. Two weeks after his report was published in April, Wayfair reported quarterly net revenue of $2.33 billion, just $60 million shy of Weinstein’s estimate, which was higher than the consensus forecast of $2.28 billion.…