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Smartphone shipments drop 20%

Global smartphone shipments fell 20% year-on-year to 254.7 million units in Q3, the lowest volume for the period in more than a decade, Omdia reported.

Omdia noted rising device costs and component shortages continued to weaken consumer demand in emerging markets. Distributors and retailers also remained cautious about restocking as higher device costs raised working capital needs and limited inventories.

Principal analyst Sanyam Chaurasia said regions which once drove shipment growth faced the greatest pressure on affordability.

Shipments in Africa fell 39%, the largest regional decline, forcing vendors to prioritise margins over volumes.

Samsung remained the largest vendor, shipping 57.8 million smartphones globally, though this was 5% less than in Q3 2025.

Its entry-level Galaxy A series and the Z8 foldable range are credited as contributing to Samsung’s performance.

Apple’s shipments were flat at 56.5 million units: Omdia noted the vendor’s iPhone 18 launch schedule effectively extended the run of its previous model, which it stated continued to ship well in North America and China.

Chinese vendors experienced larger declines.

Xiaomi’s shipments fell 29% to 30.7 million units as it adjusted prices in China and India.

Oppo and Vivo’s shipments dropped 39% and 33%, respectively as they raised prices to cover higher component costs.

Omdia forecast full-year shipments would decrease by around 12%, while persistent shortages of high-bandwidth and conventional memory could keep hardware costs high well into 2027.

The data is broadly in line with IDC figures showing shipments dropped 22% to 255.3 million.

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FCC outlines plan to auction 25MHz of spectrum for D2D, mobile

The US Federal Communications Commission (FCC) proposed auctioning 25MHz of spectrum for satellite direct-to-device (D2D) services and terrestrial wireless networks.

The Notice of Proposed Rulemaking (NPRM) covers allocations in the 1675-1695 MHz and 2020-2025 MHz bands. The agency said the spectrum would help meet growing demand for D2D connectivity alongside traditional mobile services.

The FCC’s three commissioners unanimously backed the proposal, part of a broader effort by the administration of US President Donald Trump to clear up to 400MHz of spectrum for commercial use by 2028.

“We expect big interest in this seemingly modest amount of spectrum, indeed, similar D2D bands are selling for tens of billions of dollars on the secondary market today,” FCC chair Brendan Carr said. “Today’s proposal is a strong start.”

The move follows an AWS-3 spectrum auction which raised $3.5 billion. A further 160MHz of upper C-band spectrum is due to be auctioned by July 2027.

D2D framework
In a separate NPRM, the FCC proposed updating D2D licencing rules and sought public comment on opening nearly 482MHz across eight additional frequency bands for satellite-to-phone coverage.

The changes would remove geographic restrictions on spectrum leasing and routine waiver requirements. It also proposed updating technical standards and performance rules for networks combining terrestrial and satellite coverage.

The rules also advance reallocating portions of the 1675-1695 MHz band for non-federal fixed and mobile services. Mobile satellite services would receive secondary allocations in the band to provide supplemental coverage from space.

“With today’s proposal, we take our most comprehensive step yet to modernise the FCC’s rules for direct-to-device,” Carr said.

SpaceX and Amazon Leo are both developing planned D2D services and could benefit from the FCC’s proposals.

Separately, the commission adopted final rules removing a restriction on drone operations in the 800MHz cellular band. Carr said the change would make spectrum available for commercial and defence uses.

The commissioners unanimously approved the D2D rulemaking and the final drone rules.

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Deutsche Telekom cools T-Mobile US merger talk

A Deutsche Telekom plan to merge with its subsidiary T-Mobile US reportedly hit an obstacle, prompting the German operator to decide against making a formal offer for now.

Bloomberg reported Deutsche Telekom faced opposition from its works council and trade unions, which the news outlet stated account for 50% of supervisory board seats.

The news outlet reported Deutsche Telekom was interested in a merger in April. It became the majority stakeholder in T-Mobile US in 2024 and now has close to a 53% stake.

Bloomberg noted Deutsche Telekom could still bring an offer later.

Last month, Bloomberg reported activist investor Elliott Investment Management was pressing Deutsche Telekom to drop the plan, having “built a sizeable stake” in the company.

Deutsche Telekom steadily accumulated T-Mobile US shares in recent years and its former German unit chief Srini Gopalan is now CEO of the latter.

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Apple adds touchscreen option to laptop range

Apple unveiled a long-awaited touchscreen MacBook Pro after years of resisting the feature, topping off a fresh wave of product announcements under CEO John Ternus.

The redesigned MacBook Pro in 14- and 16-inch sizes was presented yesterday (28 October), with a tandem OLED display it calls PROLED XDR and touch input which is being brought to macOS for the first time.

Apple stated the touch sensor is built into the panel rather than layered on top, which cuts latency.

It is targeting the feature at designers, musicians, and developers testing iPhone and iPad apps. It noted the touch function works alongside the keyboard and trackpad rather than replacing them. Hardware chief Johny Srouji called it a monumental step for the Mac.

Reuters noted Apple executives had long resisted the idea. Steve Jobs said in 2010 laptop touchscreens were “ergonomically terrible”, and Tim Cook, then CEO, said in 2012 that such devices would be as pleasing to users as converging a toaster and a refrigerator.

“I’m glad to see Apple adopt the best-in-class display technologies with its industry leading silicon and design,” Anshel Sag, an analyst at Moor Insights & Strategy, told Mobile World Live. “OLED and touch has long been the mark of a premium laptop for Windows and now I’m glad to see Apple embracing both technologies together.”

Both the 14-inch and 16-inch models of the MacBook Pro offer configurations featuring the M5 Pro and M5 Max chips, with up to 24 hours of battery life.

Orders opened yesterday, with shipping from 6 November. Prices start at $2,899 for the 14-inch M5 Pro and run to $4,799 for the 16-inch M5 Max.

The launch is the latest in a run of hardware announcements under Ternus, who took over as CEO from Tim Cook in September. His first big reveal was the foldable iPhone Duo foldable smartphone, priced at almost $2,000.

On 13 October, Apple expanded its smart home portfolio of devices, led by the $299 HomeView display built to show off Siri AI. Apple also announced a new Apple TV 4K, HomePod mini 2 and accessories made with LG and Schneider Electric.

Ternus is reportedly pushing to speed up product development and is weighing a move away from Apple’s usual launch cycles.

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T-Mobile US CEO quashes SpaceX MVNO talk

T-Mobile US CEO Srini Gopalan (pictured) shut the door on a network deal with SpaceX during a Q3 earnings call, telling analysts he sees no reason for an MVNO with the space company.

Gopalan said the operator’s MVNO philosophy has not changed: its criteria includes whether a deal opens a new addressable market, distribution channels or capabilities.

The executive and T-Mobile have long maintained satellite is a complementary product so there is no case for a satellite MVNO.

Gopalan said he does not see an MVNO adding to physical AI and edge efforts for which the operator is building out its standalone (SA) 5G capabilities and moving towards 6G.

“If we’re talking about SpaceX as a customer, or us being a customer of them, that’s a purely commercial agreement,” he said, adding: “I see no room for an MVNO with SpaceX”.

MVNO questions came in the wake of reports SpaceX is seeking access to at least 80,000 US cell sites for Starlink Mobile.

Gopalan said satellite broadband was generally inferior to T-Mobile’s fixed wireless access (FWA) service outside some remote areas, with additional limitations including beam size.

He sees little reason to combine satellite and FWA, noting two-thirds of T-Mobile’s FWA customers are in dense urban areas where it still sees substantial room to grow using fallow network capacity.

“So, we don’t really see a synergistic opportunity with satellite providers”

“I’m very happy to look at a resale arrangement…but an MVNO is a wholly different thing”.

Verizon CEO Dan Schulman also recently ruled out an MVNO with SpaceX and AT&T CEO John Stankey played down the threat SpaceX might pose.

Q3 numbers
T-Mobile’s net income rose 27.3% year-on-year to $3.5 billion on revenue of $23.5 billion, up 7.4%.

Service revenue grew 6.2% to $19.3 billion and post-paid service revenue rose 9.3% to $16.2 billion.

T-Mobile no longer reports wireless customer additions as a separate metric, but stated it added 274,000 net accounts, down 30.8%.

Post-paid account churn was 1.09%, up from 0.97%, attributed to more broadband-only accounts which churn more, and the temporary effect of monthly plan changes.

It had 34,974,000 post-paid accounts compared with 33,979,000 a year earlier. Average revenue per account rose from $149.44 to $155.73.

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TikTok branches out into restaurant recommendations

TikTok is taking on recommendation platforms Yelp and Google Maps with a new guide which allows users to research restaurants in their areas.

The Must Eat feature taps into more than 40 million posts, reviews and comments shared on TikTok to curate lists of food establishments and recommendations in one location.

Tips are presented across two categories: Everyday Eats which features casual favourites and the go-to spots people recommend, and Elevated Dining to highlight locations for celebrations or special occasions.

In addition, restaurants can be booked directly from the TikTok app through OpenTable. The feature is launching in New York City, Los Angeles and San Francisco.

Must Eat is available on TikTok Go, an in-app travel and local experiences booking feature built directly into the company’s main application. It is accessible through the search bar, the Local feed, points-of-interest pages and location anchors on videos tied to listed restaurants.

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Former T-Mobile US CEO to depart board

Mike Sievert cut his last ties with T-Mobile US, resigning from the board and stepping down as vice chair a little over a year after he gave up the CEO job.

In a filing with the US Securities and Exchange Commission (SEC) Sievert (pictured) told the board he would resign from it and from its Transaction Committee on 1 November.

T-Mobile noted the resignation is not the result of any disagreement with the company over operations, policies or practices.

Recon Analytics founder and analyst Roger Entner noted on X Sievert’s exit echoes the departure of his predecessor John Legere years earlier.

The timing matches the expiry of an amendment to his employment agreement and made in September 2025 and completes a handover process begun when T-Mobile confirmed then COO Srini Gopalan would succeed Sievert as CEO.

A contract struck with Sievert in 2023 would have seen him remain CEO until 2028. He was appointed to the post in 2020 when T-Mobile closed its merger with Sprint.

He took on the vice chair post to stay involved in the management of the company and on the board.

Gopalan became T-Mobile’s COO in March 2025 after heading Deutsche Telekom’s German business.

He joined the US operator’s board in 2022.

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Feature: How HPE fuels Mercedes-AMG F1 engineering

The Mercedes-AMG Petronas Formula 1 Team is using HPE high performance computing technology to test car designs faster, cutting pre-race simulation time from three days to one.

To date, the team’s two drivers have won 12 Grand Prix this season, including Kimi Antonelli topping the podium at the Circuit of The Americas (CoTA) in Austin, Texas on 25 October. It was the ninth win of the season for the 20-year-old Antonelli, with teammate George Russell taking the other three.

At an event held before the race in Austin, Ruth Buscombe, a UK motorsport engineer, strategist and television broadcaster, told analysts and journalists this year’s rule changes had been the biggest since 2014.

Among the new rules, the cars’ power units are now split evenly between internal combustion and electrical power, and they must run on 100% sustainable fuel. The chassis is lighter and smaller, and the cars no longer generate most of their downforce through the floor.

All 11 teams also operate under the same financial cost cap, designed to limit spending and create a level playing field.

Those changes led to uncertainty for each team at the start of the season. Toto Wolff, the Mercedes-AMG Petronas team’s principal and CEO, describes a complete rethink of how the cars are operated, while a moderator at the event noted there is no in-season testing to fall back on.

Mercedes-AMG Petronas, though, got off to a strong start. Wolff stated the team “got it right from the get-go”.

A man in an F1 jacket, wearing glasses and a black Mercedes-AMG Petronas team shirt featuring HPE branding, looks towards the right side of the frame while speaking. He is positioned indoors with out-of-focus tropical plants visible in the background.

Michael Taylor, the team’s IT director (pictured, left), said every aerodynamic idea the team develops starts with high-performance computing, which is where HPE’s work comes in.

HPE said in a March 2026 update its new computing environment cut pre-event simulation time from three days to one.

Wolff calls HPE “an integral part of our IT and technology story.” He is also clear data doesn’t make the decisions. He recalls an upgrade this season which was expected to cut three-and-a-half tenths of a second from a lap but left the car three-and-a-half tenths slower.

The sensors showed the aerodynamic load was as expected, and the engineers said everything was as they had thought. But the driver said the car was unpredictable and he had no confidence in it.

When data and driver disagree, Wolff’s default is to trust “the most expensive sensor,” the driver sitting in the car.

Taylor said the job on the IT side is to make sure data can be trusted in the first place, with reliability ahead of performance.

How it works
HPE provides the compute, networking, hybrid cloud and security infrastructure behind the team’s engineering and race operations.

On the simulation side, AMD-based HPE ProLiant servers and HPE GreenLake replaced the team’s previous high-performance computing infrastructure, and computational fluid dynamics (CFD) work that shapes the car’s aerodynamics runs on them.

A middle-aged man with short grey hair speaks into a microphone while gesturing. He wears a light blue shirt in front of a wall displaying HPE and Mercedes-AMG Petronas Formula 1 Team logos, alongside a screen showing text beginning with “Max”.

Max Walker, a chief technologist at HPE (pictured, left), has been part of the work with the F1 team from the start.

His remit covers HPE’s most strategic customers across the UK, Republic of Ireland, the Middle East and Africa.

“I kind of focus on the holy trinity of IT, so people, the process and the technology,” he said.

Walker describes the work as finding marginal gains and stated HPE’s contribution is “how we add our tenth-of-a-second to the performance of the team”.

Walker cited engineering as a common focus for HPE and Mercedes-AMG Petronas.

Testing, simulation
Walker said the new CFD platform replaced a legacy cluster running OpenFOAM, the open-source software the team uses for its simulations. HPE ships devices to the team, which benchmarks them in its own test harness before a full implementation is built.

“If that performance profile shows a benefit, a percentage increase, then we look to build a solution around it,” Walker said.

For Mercedes-AMG Petronas, the testing window is the gap between races.

“They could run more simulations in that time frame,” he said.

Walker explained “the CFD platform is like a digital twin of the car, or a component they want to test,” such as a front wing, brake duct or suspension part. It assesses changes in airflow and their potential impact on performance.

If the numbers look good, the part is made in carbon fibre, milled titanium or 3D-printed metal. It then goes through the wind tunnel and finite element stress testing before it reaches the track.

“That is a continuous loop of development throughout the whole season, 24-7. It never stops,” Walker said. “The car that starts at the start of the season isn’t the same car at the end of the season.”

Data
Walker said an F1 car typically carries around 200 sensors, which is roughly 18,000 channels of data. With the extra aerodynamic rakes teams run in practice to check airflow over the tires, that rises to about 400 sensors and 36,000 channels.

In the garage, “we have an umbilical cord, an Ethernet cable, essentially, that plugs into the car,” Walker said. It pulls between 2 and 5 gigabytes off the onboard computers over Aruba CX switches. Around 100 of the team’s race engineers at the circuit access the data wirelessly.

From there it travels over SD-WAN, compressed and optimised, to the team’s Brackley, UK, headquarters. It is also mirrored to the powertrain site at Brixworth, so engine and gearbox engineers see the same numbers in real time. The wide-area links come from a third-party provider, Walker said, because race circuits supply only part of the infrastructure.

Walker offers an example from Brazil, a few years ago. A warning from an engine sensor appeared on the steering wheel while Lewis Hamilton was driving for Mercedes-AMG Petronas. The pit wall saw it immediately, and the data went back to the factories. Walker recalled the sensor pointing to a serious fluid leak, the kind of fault which could have ended the race.

“In four corners, the data had got back, they spotted it in turn three,” he said. “By turn seven, they changed the engine mode, based on that data, to reduce the chance that the engine would destroy itself.”

History
When the partnership began, HPE’s assessment found a lot of ordinary PCs running at the circuit.

“Albeit that it worked, I think we had a much more eloquent and ruggedised platform, a more performance-dense platform,” Walker said.

The team moved to HPE Edgeline and added an Aruba Wi-Fi network, which meant greater available workload at the track and higher reliability.

“Consistency is key to unlocking performance,” he said, adding it let the team analyse data faster than its competitors.

At the factory, the aim was an infrastructure which largely runs itself. HPE built a software-defined data centre on Aruba CX networking and HPE Synergy compute, which Walker calls “the Swiss Army knife of platforms” because it can run bare metal, virtualisation or containers. An open-source automation layer on top lets the environment spin-up to meet engineers’ needs without manual work.

Self-driving networks, security
HPE is investing heavily in operational AI, Walker said, with agentic tools which watch network performance and recommend fixes, for instance flagging a saturated link and suggesting a quality-of-service change, with a person still in the loop.

“We don’t have to have humans’ eyes on glass anymore,” he said. “We have agentic bots that are doing the eyes on glass, but then prompting the human to do something about it.”

On security, Walker noted the team was once customers of Silver Peak, an SD-WAN specialist HPE acquired, and that the technology now sits within the vendor’s Aruba SASE portfolio.

HPE stated network access controls, encrypted connections and cloud-delivered security help protect distributed operations like the team’s.

How ideas get funded
HPE and Mercedes-AMG Petronas meet regularly in London for an innovation forum. They discuss upcoming HPE technology and the team’s requirements. Proposals need a business case showing a measurable benefit in operational efficiency, performance or sustainability, and must fit within the sport’s cost cap.

Walker compares the environment to a bank or a life sciences company, heavily regulated with finite money and people. If a new wing or brake duct can shave a tenth or a hundredth off a lap it will win investment over anything in IT, he said, unless IT can make its own case as it did with the CFD platform.

Those decisions are made quickly by Wolff and his management team, Walker said. “They’re very agile.”

The faster simulation platform came out of those discussions, Walker said. So did plans to use HPE Morpheus Enterprise, which he said will let engineers request infrastructure from a catalogue through automated workflows without adding to the team’s operational workload.

It also supports lower-cost virtualisation, “meaning that the team can do more for less,” Walker said.

Roadmap
Walker said Mercedes-AMG Petronas would probably be the first customer in the UK to receive a Gen 13 server, which the team will use to test performance, sustainability and workload density.

“We are seeing massive performance gains for Gen 13, and we see it’s got 50% more memory bandwidth,” he said. “And in a CFD workload, that’s a big deal.”

He noted the team has also worked with HPE on machine learning and reinforcement learning, with an emphasis on “consistency, reliability, and performance”. For some simulations, the aim is now to bring turnaround below a day.

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T-Mobile US pushes physical AI to the edge

T-Mobile US CTO John Saw revealed it is testing whether humanoid robots could respond faster and rely less on onboard computers by running some of their AI at its network edge.

In a blog, Saw explained T-Mobile is working with robotics company Figure AI to test if its systems can run on nearby computing infrastructure without slowing the machines’ responsiveness.

The systems involve controlling robots’ movement, and interpreting visual information and language instructions.

Saw wrote shifting some processing off the robots could reduce battery use, computing demands, heat, weight and cost. It could also let them run more capable AI without needing more hardware or power.

AWS
T-Mobile is working with AWS on the first deployments of Kinetic Edge, the operator’s distributed computing infrastructure for physical AI.

They are using T-Mobile’s 5G-Advanced network and distributed edge along with AWS’ cloud orchestration and AI services to push “deterministic connectivity, compute and intelligence closer to where machines operate”, Saw wrote.

He explained reliable connections and localised computing could help businesses take physical AI beyond individual demonstrations, highlighting developers are putting vision and reasoning models at the network edge to make robots, cameras and sensors less dependent on a distant cloud.

“This early work is helping us explore the capabilities that could make physical AI possible at scale, while opening the door to entirely new applications and opportunities.”

Machines require consistent connectivity when moving, sufficient uplink capacity to send sensor data, low latency and wide-area coverage, Saw wrote. Wi-Fi and satellite have a role, but he argued advanced terrestrial wireless networks are better suited to meeting the needs.

Human interaction
Saw noted employing people to assist robots would become challenging when thousands of machines are involved: T-Mobile is working with Serve Robotics to evaluate the feasibility of conducting monitoring at the edge to assess which problems can be solved by humans and which need more AI input.

The executive also highlighted work with Nvidia, Nokia and a growing group of developers to run physical AI applications across distributed edge networks, along with the recent completion of an AI-RAN call involving the vendors.

Saw explained T-Mobile is working with the city of San Jose in the state of California and specialist companies to develop a way to create an overview of traffic using edge AI to combine the views of separate 5G cameras.

They are testing if AI can connect occurrences at different junctions and if providing a big-picture could help people spot traffic patterns sooner.

The operator is also exploring “how AI and network workloads can share accelerated computing infrastructure” through partnerships with Nvidia, Nokia and Ericsson.

Saw said T-Mobile must develop ways to deliver “data and workloads” to “where intelligence needs to run”, whether it be on devices, the edge or cloud.

He said the direction “is becoming clearer” and T-Mobile’s network would “be the connective tissue” between the layers.

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Anthropic files for IPO, reveals revenue surge

Anthropic filed for an IPO which could rival SpaceX’s record-breaking listing, as the AI business revealed a rise in revenue and billions of dollars of infrastructure cost commitments.

The Claude large language model (LLM) developer’s S-1 filing with the US Securities and Exchange Commission yesterday (26 October) offered the first detailed public look at its finances. Anthropic submitted IPO paperwork confidentially in June, allowing the agency to review the figures before their wider release.

Anthropic applied to list Class A shares on the Nasdaq Global Select Market under the symbol ANT but did not disclose how many shares it would offer, a price range or valuation. Goldman Sachs and Morgan Stanley headed the list of underwriters.

The documents revealed revenue of $16.3 billion in the first half of 2026, up from $1.2 billion in H1 2025 and well above the $4.6 billion recorded for the whole of 2025.

Cost of revenue rose to $2.4 billion from just over $1 billion, with compute and infrastructure accounting for almost all of it. Anthropic cautioned operating margins will fluctuate as more capacity comes online.

The company booked a net loss of $80.7 billion in H1. Of the amount, $72.4 billion reflected non-cash charges from revaluing convertible notes and similar instruments as its valuation rose.

Amazon and Google supply key parts of Anthropic’s computing infrastructure.

It runs workloads on Amazon Web Services (AWS) Trainium chips, Google Tensor Processing Units, and GPUs from Nvidia and AMD. It also pays fees to sell Claude through AWS, Google Cloud and Microsoft Azure.

Amazon holds convertible notes which will convert into non-voting Class N shares at the IPO, subject to an ownership cap.

Anthropic’s infrastructure plans include spending at least $110 billion on Amazon cloud services until April 2036 and up to $120.5 billion with SpaceX through 2029.

It has committed a further $114.5 billion to Google until 2033 and $44.9 billion to Microsoft until May 2033 for computing infrastructure.

Risks
In the documents Anthropic warned some cloud suppliers are developing rival AI models and could restrict, reprice or cut off its access to computing capacity.

It also highlighted criminals have already used AI in cyberattacks and warned misuse in biology could cause greater harm.

The company also highlighted the potential for AI to concentrate power and destabilise geopolitics.

Anthropic increasingly uses its models to develop their successors and noted the new versions’ capabilities could advance faster than safety measures. It also cautioned AI systems could act independently in harmful ways if they fail to follow intended goals.

Rival OpenAI confidentially filed paperwork for a US IPO in June, but delayed the listing until early 2027.

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T-Mobile US Business CMO exits

Mo Katibeh posted on LinkedIn he has left his roles of EVP and CMO for T-Mobile US Business after nearly three years.

Katibeh (pictured) stated former VP of business marketing and strategy Michael Lubunski would take on the T-Mobile for business product, marketing and operations leadership role.

A T-Mobile representative told Mobile World Live Labunski’s new role is SVP, business marketing and product for T-Mobile for Business.

Katibeh joined the operator in April 2024 following a 20-year career across various executive roles at rival AT&T. He was also COO and president of cloud platform company RingCentral for nearly two years.

Labunski was RingCentral’s chief data officer during Katibeh’s stint.

“I can honestly say it’s been some of the best and happiest years in my professional life” Katibeh wrote. “I’m incredibly proud of what our T-Mobile for Business team has accomplished.”

During his tenure, T-Mobile launched T-Priority for first responders, SuperMobile networking slicing for businesses, SuperBroadband with Starlink and ANS Edge Control.

In July, T-Mobile revealed chief business and product officer Mike Katz had stepped down, taking an advisory role until December.

At the same time, the operator appointed former AT&T executive Chris Sambar as chief enterprise officer.

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Verizon CEO plays down SpaceX threat

Verizon CEO Dan Schulman (pictured) punched back on any concerns related to SpaceX’s proposed direct-to-device (D2D) mobile service during a Q3 earnings call, warning the satellite player faces years of construction and hundreds of billions of dollars in spending to build a rival terrestrial network.

“I’d just start off by saying my operating philosophy in general is to be very thoughtful, be analytic and to never take anything for granted,” he said when asked about the threat a SpaceX D2D service could pose to US operators and whether Verizon will ever consider an MVNO deal to give a satellite player access to its infrastructure.

“I always have my eyes wide open,” Schulman added. “Clearly, the tech industry and the wireless landscape is rapidly evolving, and we need to rapidly evolve along with that”.

The CEO also said he operates “under the assumption that everything SpaceX says they will do, they will do, and that they will execute flawlessly”.

His comments came in the wake of reports SpaceX is seeking access to at least 80,000 US cell sites for Starlink Mobile. Bloomberg named Crown Castle among the tower companies in discussions over potential leases.

Schulman argued offering a competitive service would require 65,000 to 80,000 macro sites, backhaul, RAN equipment and substantial power supplies, alongside retail, customer service and back-office operations.

He estimated a full network build would take at least four-to-six years, with spending of $300 billion to $500 billion over seven or eight years, which he argued could leave SpaceX with broadly the same capabilities and cost structure Verizon has today.

“I think that SpaceX realises this, and they’re exploring a potential path to creating a terrestrial network,” he explained. “There’s no magic wand, there’s no secret sauce, there’s no shortcut, there’s no radically lower structural cost advantage.”

In addition to tower leases, SpaceX plans to combine satellites with ground-based radios, supported by an agreement to acquire up to 14MHz of paired 800MHz spectrum from Grain Management for a D2D service expected to launch in early 2028.

Schulman maintained satellite broadband is best suited to remote areas and cannot match terrestrial networks in urban and suburban markets, which he said account for about 98 per cent of Verizon’s revenue.

He said Verizon will keep improving its network and cost structure while SpaceX builds, pointing to its mmWave spectrum, work on 6G applications and plans for AI-enabled services.

While leaving room to work with satellite providers on complementary coverage, Schulman rejected the prospects of an MVNO agreement and stated existing agreements do not offer back-door access.

Schulman said he saw no benefit whatsoever in extending an MVNO deal to a satellite provider.

“It’s very hard to throw a punch against something that doesn’t exist, but once they come into the market, we will be ferociously competitive.”

Last week AT&T CEO John Stankey outlined the advantages he sees over the potential threat of SpaceX’s D2D service during a Q3 earnings call.

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Meta seeks $95B to fund AI ambitions

Meta Platforms revealed a plan to secure up to $95 billion in equity to fund its AI-related expansion ​of data centres and cloud computing, backed by chipmakers Nvidia, AMD and Broadcom.

The social media company aims to raise $35 billion in concurrent underwritten public equity offerings and up to $60 billion as part of an at-the-market programme scheduled to begin in Q1 2027.

Meta Platforms stated the chipmakers expressed an interest in becoming cornerstone investors through the equity offering.

They can purchase a total of $5 billion shares of Class A common stock in the offering, though Meta Platforms emphasised their expressions “of interest are not binding agreements or commitments to purchase”.

Meta Platforms stated AI is “creating significant opportunities” and its investments to-date are “generating tangible returns through increased engagement, improved advertising performance and increased monetisation”.

Last week, the company reported net income rose from $2.7 billion in Q3 2025 to $9.9 billion in the recent period, with revenue up 26% to $64.6 billion.

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Zuckerberg claims Muse agent has hit 10M users

Meta Platforms plans to expand its Muse personal agent and charge businesses for transactions it handles, CEO Mark Zuckerberg (pictured) stated on the company’s Q3 earnings call.

He said more than 10 million people in the US and Canada have set up Muse in a month and a half, and about 25% use it on any given day

Zuckerberg stated Muse had a “clear product-market fit” and that Meta will focus on attracting more users, increasing revenue and optimising compute costs.

“We expect to grow Muse to serve billions of people,” he said, calling the goal as “both our mission and our strategy”.

The Muse line began in April with Muse Spark, the first model from Meta’s Superintelligence Labs. This month Meta followed with Muse Wonder and Muse Wonder Full.

Shopping is Muse’s most common use, with more than a quarter of users shopping through the agent.

Zuckerberg said Muse “should be free” for most people, with Meta taking a fee on transactions it facilitates for businesses. Subscriptions would cover access to the most advanced models or extra tokens, and business owners could also subscribe directly.

“We have been discussing our vision for personal superintelligence for more than a year now,” he said. “We want every person [to] have an extremely capable personal agent that understands your goals and can help you achieve them,” he said.

Meta Q3 metrics
Meta’s quarterly revenue rose 26% year over year to $64.6 billion.

Costs climbed 68% to $51.6 billion, including a $9.89 billion charge from an August agreement with 52 attorneys general over teen mental health claims.

Operating income fell 37% to $13 billion and the operating margin halved to 20%. Net income rose to $9.9 billion from $2.7 billion a year earlier, when a one-time $15.9 billion tax charge reduced profit.

Capital spending totalled $34.9 billion, with Meta forecasting $135 billion to $145 billion for 2026.

Its apps reach 3.64 billion people a day, up 3% from a year ago but just below the 3.65 billion analysts expected, according to StreetAccount. Zuckerberg said Threads has overtaken X in monthly users.

Reality Labs, which makes the Quest headsets and the Ray-Ban and Oakley AI glasses, lost $4.1 billion on $443 million of revenue, compared to a $4.4 billion loss a year ago.

Meta CFO Susan Li said the company expects Reality Labs to lose $18 billion to $19 billion in 2026, down slightly from $19.2 billion in 2025.

Also yesterday, Reuters reported a New Mexico judge ordered Meta to pay the state $25 billion after a jury found it misled consumers in a case tied to the Cambridge Analytica scandal. The tech giant said it will appeal.

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Intel makes construction move on delayed US chip plant

Intel heralded a construction milestone at a long-planned semiconductor manufacturing facility in the US state of Ohio after installing the first major structural truss years after it was announced.

“This represents another significant step toward expanded US leading-edge semiconductor capacity,” Intel Foundry head Naga Chandrasekaran wrote in a post on the company’s website.

Former Intel CEO Pat Gelsinger announced the factory in 2022 with a target production target date of 2025. CNBC reported Intel now expects to finish construction in 2030 while also building a second facility in Ohio with a completion date of 2031.

In 2021, Gelsinger revealed a plan to build two new factories in the state of Arizona boost the company’s foundry business.

Chandrasekaran also announced operations at its next fab in Arizona are expected to start by the end of 2028, but CNBC noted the company is yet to land a major external customer for the 18A chips being built in the state and noted it is using the chips to make its own processors for devices

In September, SK Hynix told Reuters it conducted talks with Intel about a deal to make memory chips in the US for the first time, an arrangement which could include leasing part of Intel’s Ohio facility.  

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AT&T CEO Stankey argues scale matters in satellite debate

AT&T CEO John Stankey (pictured) outlined the advantages he sees over the potential threat of a direct-to-device (D2D) service by SpaceX during a Q3 earnings call, which included much more low-band spectrum, a scaled network and the ability to penetrate buildings with its mobile service.

During yesterday’s (20 October) SpaceX earnings call, president Gwynne Shotwell said the low-band spectrum her company agreed to buy earlier this month can be paired with Wi-Fi for mobile connectivity indoors, along with devices in towers and Starlink installs across businesses and consumers’ homes.

Shotwell said Wi-Fi accounts for the vast majority of mobile connectivity, estimating its share at between 85% and 93% without providing details on how portals and passwords will be used.

“There are significant loads, even with robust Wi-Fi networks, that are out there,” AT&T’s Stankey countered on the operator’s own financial call today (21 October). “I think it takes a lot of years and a huge level of investment to get to the kind of performance levels that customers have become accustomed to in scaled networks that are running on the infrastructure that most of the incumbent providers have today.”

SpaceX has touted the nationwide low-band spectrum portfolio it bought from Grain Management as the means to enable in-building penetration for its D2D service, which Musk said yesterday will generate billions of dollars in revenue on a yearly basis.

“I wouldn’t over-rotate on what I would call one carrier of low-band spectrum,” Stankey said. “Let’s put this in perspective.”

By contrast, Stankey said AT&T operates six to eight carriers of low-band spectrum, deploying it not only at macro sites but also across every indoor building system in high-rises, hospitals and stadiums.

“We’ve got the scale where the scale matters,” he said. “98% of the traffic is where we’ve already built and where we already have capabilities and customers have become accustomed to a level of service that is pretty high.”

He added: “I feel really good about where we’re at.”

Q3 metrics
AT&T revenue grew 5.3% to $32.3 billion in the quarter ended 30 September, up from $30.7 billion a year ago.

Total service revenue increased 3.8%, its best consolidated growth in more than four years, reaching $26.3 billion. Wireless, fibre and the Lumen mass markets fibre business all contributed. Equipment revenue rose 12.1% year-on-year to $6 billion.

Income from continuing operations came in at $1.3 billion compared with $9.7 billion in the year-ago quarter, which benefited from the DirecTV transaction gain.

Post-paid phone net adds were 379,000, down 6.4% from 405,000 a year ago, with churn flat. The post-paid phone base now stands at 75.283 million, up 2%. Prepaid phone lost 21,000 customers.

Consumer and business internet net additions rose 25.4% to a record 769,000 from 613,000 a year earlier. Fibre net additions increased to 442,000 from 309,000, while fixed wireless access additions climbed to 327,000 from 304,000.

Total internet connections increased 29.3% to 16.2 million. Combined with phone additions, this pushed AT&T’s Advanced Connectivity net additions above 1 million for the second consecutive quarter. Advanced Connectivity service revenue reached $23.9 billion, up 6.1%.

AT&T added approximately 350,000 converged customers, with 42.8% of households using its fibre or Internet Air service also taking its mobile service.

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SpaceX targets early 2028 for own D2D service launch

SpaceX plans to turn on its direct-to-device (D2D) service in early 2028 after launching the second generation Starlink Mobile constellation during 2027 and integrating spectrum it is acquiring.

On its Q3 earnings call, president Gwynne Shotwell said the low-band spectrum SpaceX agreed to buy earlier this month and the Federal Communications Commission’s approval to launch 15,000 next generation V2 birds “pave the way for Starlink Mobile to become a major mobile carrier in the US”.

On 8 October, SpaceX struck a deal to buy up to 14MHz of paired spectrum in the 800MHz band to support its plans. The agreement with Grain Management is expected to close in the first half of 2027, subject to regulatory approval.

Shotwell indicated comments on the previous quarter’s call covered smaller radios for the D2D service, which she described as not quite tower capable, that SpaceX could place on homes and businesses where Starlink is already installed.

“So, it’s not just the spectrum that we’ve talked about with the S-band,” she said on yesterday’s (20 October) earnings call. “We will basically leverage the real estate from Starlink installs and other towers.”

SpaceX plans to pair its satellites with ground-based radios to provide 5G mobile coverage, a plan many executives in the industry consider far-fetched.

When asked about the roles the satellite and terrestrial networks will play for the D2D service, CEO Elon Musk said a more detailed presentation may be needed to explain Starlink’s connectivity strategy and why the company believes it could eventually generate several hundred billion dollars in annual revenue.

“You are missing some of the pieces that we know about internally,” he said. “I can say we do see a clear path to several hundred billion dollars a year in connectivity revenue, but I think we should probably describe that in more detail in a forum that’s not limited to a few minutes at an earnings call.”

Q3 numbers
SpaceX reported net income of $4.4 billion for Q3 (ending 30 September), compared with a $1.1 billion loss a year earlier, as revenue more than doubled to $14.6 billion, driven largely by its AI business.

It was the company’s second earnings report since its June stock market listing. Revenue was up 161% year-on-year.

The Super Intelligence segment, previously reported as AI, accounted for around $6.7 billion of the roughly $9 billion increase, with revenue rising to $7.6 billion from $813 million. SpaceX attributed the segment’s growth to new cloud services agreements, the Cursor acquisition and growing use of Grok.

Income from operations was $2.8 billion, compared with a $273 million loss a year ago, and adjusted EBITDA was $8.8 billion, up 306%.

Connectivity revenue rose 69% to $5.2 billion and operating income climbed 99% to $2.4 billion.

Starlink had 13.6 million consumer broadband subscribers, up 1.6 million in the quarter and from 7.2 million in Q3 2025.

For its direct-to-device service, Shotwell said Starlink Mobile surpassed 22 million monthly users at the end of the quarter, up 37% from the previous quarter.

SpaceX remains loss-making for the year to date, with a nine-month net loss of $413 million.

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Amazon readies €16B German investment

Amazon outlined plans to invest more than €16 billion in its German operations in 2027 to expand its AI infrastructure, cloud computing and satellite connectivity.

The move adds to more than €100 billion Amazon invested in Germany since 2010 as it races against rivals Google and Microsoft to build out its AI services and cloud infrastructure in the nation.

David Zapolsky, chief global affairs and legal officer, described Germany as a centre of innovation and one of Europe’s most attractive investment destinations.

“We want German businesses, communities and creators to have the infrastructure and tools they need to compete and grow.”

The fresh investment includes €4.8 billion to expand Amazon Web Services’ Frankfurt cloud region and AI infrastructure to meet increasing customer demand.

It plans to bolster connectivity through its Amazon Leo satellite network to provide high-speed internet across the country.

Amazon Leo has secured 24 slots with European launch provider Arianespace.

The company plans to also broaden its logistics footprint and create new content for its Prime Video platform.

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Apple pledges $100M to US titanium supplier for iPhone Duo

Apple added a US titanium supplier for the iPhone Duo, committing up to $100 million to Pennsylvania-based Perryman Company while expanding domestic production of camera technology for the iPhone 18 Pro.

As part of its American Manufacturing Program (AMP), Apple said today (20 October) the deal with Perryman is over the next three years for titanium used in its products, including the iPhone Duo, which starts at $1,999.

The announcement follows reports of tight supply for Apple’s first foldable. The phone is due in stores on 23 October, but online delivery estimates slipped to January 2027 within minutes of preorders opening on 16 October.

Apple stated Perryman will melt, forge, and roll grade 5 titanium, which it said will contain at least 80% recycled material. Titanium is used for the Duo’s enclosure, providing durability, according to the iPhone maker.

It is also expanding its partnership with Qnity Electronics, headquartered in the US state of Delaware, to produce technology for the new variable aperture in the iPhone 18 Pro camera system.

Apple said nearly 100 components used in the iPhone Duo and iPhone 18 Pro, from wireless chips to the silicon which powers key functions across the devices, are produced by US companies across more than a dozen states.

Taiwan Semiconductor Manufacturing Company’s (TSMC) Arizona plant will produce more than 100 million chips for Apple in 2026, while ​Corning’s Kentucky facility ​will make ⁠all cover glass for iPhones and Apple Watches sold worldwide by year end.

Apple also highlighted investments with other AMP partners, including Broadcom for US-made chips and Amkor Technology, which is building a semiconductor packaging and testing facility in Peoria, Arizona.

“We’re thrilled to expand our work with companies producing advanced materials and components for our newest iPhone lineup right here in America,” stated Apple COO Sabih Khan.

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Qualcomm plans global job cuts after employee reviews

Chipmaker Qualcomm reportedly will cut an undetermined number of jobs following recent annual employee reviews, with impacted staff set to be alerted next month.

Reuters reported CEO ​Cristiano Amon (pictured) sent out a memo outlining the cuts were part of a plan to create “a stronger performance culture” and address areas where the company “has consistently fallen short of expectations”.

The news agency noted the memo did not disclose how many employees will lose their jobs but stated it had roughly 52,000 employees globally, most of them full time, as of September 2025.

While Amon has made a concerted effort to branch the company’s products beyond phone chips, Qualcomm has battled against the impact of a worldwide memory supply crunch.

For fiscal Q3, it posted revenue of $9.9 billion for the quarter ended 28 June, down 4% from $10.4 billion a year earlier while net income during the period was $2 billion, for a 25% year-on-year decrease.

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