Technologies
Verizon’s Generous Wireless Promotions Are Going Away
Aggressive offers and trade-in deals reversed subscriber declines last year, but Verizon’s CEO warns that these lures won’t be around for much longer.
Verizon ended the year by gaining more phone and internet subscribers over the holiday season, the carrier reported this week in its fourth-quarter earnings.
The carrier had a positive turnaround after several difficult quarters last year in which price hikes led phone subscribers to drop their plans. Over the fourth quarter, Verizon added 217,000 postpaid net phone subscribers, a metric used by the industry as an indicator of success, though the majority were for business customers, with consumers only accounting for 41,000 net subscribers, according to a press release.
Verizon’s turnaround was driven by generous promotions and trade-in offers. But consumers will see fewer financial incentives to switch going forward. CEO Hans Vestberg warned Tuesday on a call with Wall Street analysts that the company will wean itself off these offers even if this results in short-term losses.
«We believe current promotion incentives are not sustainable for the industry in the long run,» Vestberg said.
Verizon is on track to reach 200 million people with its C-band flavor of midrange 5G coverage by the first quarter of 2023 and is ahead of schedule to reach its target of 250 million by the end of 2023, Vestberg said. When the full breadth of C-band service goes live by the end of the year, subscribers should see speeds increase to 2.4Gbps, up from 900Mbps currently.
Verizon lost 175,000 prepaid net subscribers over the quarter. This comes after the carrier expanded its prepaid offerings by launching its Total by Verizon prepaid line to rival T-Mobile’s Metro and AT&T’s Cricket brands of affordable phone plan providers.
Read more: Best Cheap Phone Plans 2023: Affordable Alternatives to AT&T, T-Mobile and Verizon
The carrier continued to expand its fixed wireless subscriber base with gains of 379,000 net additions, bringing the year-end total to 1.3 million more net subscribers than it started the year with. Broadband gains were much more modest, with 59,000 Fios wired internet net additions. Verizon said it had the best gains in broadband in over a decade, and Vestberg said to keep expecting fiber expansion in the years ahead.
Verizon posted $35.3 billion in revenue in the quarter, slightly beating expectations of $35.1 billion and up 3.5% from the same period last year, an increase the carrier credited to migrations to pricier unlimited plans, rate hikes earlier in the year and a full quarter of contributions from prepaid phone subsidiary TracFone, which Verizon acquired in late 2021.
The carrier reported net income of $6.7 billion, or $1.56 earnings per share. Its adjusted earnings were $1.19 per share, exactly meeting expectations of analysts polled by Yahoo Finance.
Verizon set expectations of wireless service revenue growth of 2.5% to 4.5% for 2023, with more cashflow freed up after finishing deploying its C-band 5G by the end of 2022.
Technologies
YouTubers Sue Amazon, Claim AI Tool Was Trained on Scraped Videos
The lawsuit alleges that Amazon bypassed YouTube protections to collect content for its generative AI video system.
A group of YouTube creators is suing Amazon, accusing the tech giant of secretly scraping their videos to train its AI video model without permission.
The proposed class action lawsuit, filed in federal court in Seattle, alleges Amazon used automated tools to download and extract data from millions of YouTube videos to build and improve its Nova Reel generative AI system — a model that can create short videos from text prompts and images.
At the center of the complaint is how that data was obtained. The plaintiffs claim that Amazon bypassed YouTube’s protections using virtual machines and rotating IP addresses to avoid detection, effectively sidestepping the platform’s safeguards against bulk downloading.
The lawsuit was brought by several creators, including Ted Entertainment (the company behind the H3 Podcast and h3h3 Productions), as well as individual YouTubers and channel operators. They argue that the alleged scraping violated copyright law and the Digital Millennium Copyright Act, and are seeking damages as well as an injunction to stop the practice.
Amazon did not respond to a request for comment.
The case lands at a pivotal moment for generative AI, as courts weigh whether training on copyrighted material qualifies as fair use and how much control creators retain once their work is used to build these systems. The disputes have often centered on written material, which has been at the center of the AI revolution for several years, while AI video generators such as OpenAI’s Sora and Google’s Veo have emerged more recently.
The lawsuit is one of dozens testing the boundaries of AI training practices, alongside high-profile cases from authors, artists and news organizations, including lawsuits against OpenAI and Meta, all circling the same unresolved question: Where does fair use end and infringement begin?
Technologies
The Galaxy Z TriFold Is Back. You Can Buy It From Samsung Soon
The $2,899 phone paused its sales in March after selling through its inventory, but Samsung is bringing it back to its online store.
Samsung’s $2,899 Galaxy Z TriFold is going back on sale on Friday, following a halt to its sales in March after the foldable phone sold through its inventory. Samsung has announced the TriFold’s return with a countdown clock on the phone’s online store page along with a Wednesday newsletter email sent to customers.
The initial pause, which Samsung said at the time was related to the TriFold being a «super-premium device in limited quantities,» happened after just three months of availability. The TriFold first went on sale in South Korea on Dec. 12 and then arrived in Samsung’s US store on Jan. 30. The TriFold sold out in the US within minutes of going on sale — which I know personally after joining my colleagues that morning in an attempt to buy it. Thankfully Senior Reporter Abrar Al-Heeti succeeded, and then reviewed the TriFold.
It’s unclear whether the Galaxy Z TriFold is now permanently returning to Samsung’s online store or if it is again on sale until its stock sells through. Given that the phone is very expensive, and unfolds to reveal a large, 10-inch display, it wouldn’t be surprising if its stock will be in limited quantities. We’ve asked a Samsung representative to clarify and will update if we hear more.
The Galaxy Z TriFold’s return also comes ahead of the summer season when we expect a slew of other foldable phones: Samsung typically refreshes its Galaxy Z Fold and Z Flip line in July or August, and Motorola has announced its first book-style Razr Fold phone will also debut during the season. And Apple’s rumored iPhone Fold (or perhaps iPhone Ultra based on latest rumors) could also be teased later this year.
Technologies
Help Us Crown the Most Loved Headphones and Earbuds of 2026
Got a pair you swear by? Take our People’s Picks survey to help us find a winner.
CNET just launched People’s Picks, a series of surveys where actual humans like you vote for the products and services you use. Starting in April, we want you to weigh in on your favorite headphones and earbuds. We’ll pick a winner based on which ones you love the most.
Why we want to hear from you
Our writers and editors test hundreds of products each year, but your real-world experience with these devices is something we can’t replicate in our labs. You’ve used these headphones at the gym, on your commute to work and on long flights, and that perspective is invaluable. Your voice helps others know about the headphones or earbuds you love, too.
«I review a lot of headphones and earbuds for CNET, and there are plenty of great models from the top brands in this survey that I rate highly. I’m always curious about what models people ultimately choose and why, so I’m excited to get your feedback and learn the results of this survey,» says David Carnoy, CNET’s executive editor and headphones expert.
With our survey, we’ll collect answers from real-world users like you. The headphones and earbuds chosen through our 3-minute survey will be featured in our People’s Picks roundup of the top picks based on your recommendation.
Make your voice heard
Whether you swear by a pair of $25 earbuds or love a pair of high-end headphones, your pick counts. The survey takes just a few minutes to complete, and after we gather enough information, we’ll tally the results and publish the winners.
Not sure what to pick? Check out our Best Headphones to revisit your favorites before voting.
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