Q1 2024 Update on the US Mobile Market

The US wireless market has been experiencing a gradual slowdown from the record highs of 2021, but operators are still seeing significant revenue and growth in certain areas. According to the latest research update, T-Mobile has maintained its position as the number one in market cap at the end of Q1, followed by China Mobile, Verizon, Comcast, and AT&T.

T-Mobile has outperformed its competitors by adding almost double the number of postpaid net-adds compared to AT&T and Verizon combined. The company has also dominated in postpaid phone net-adds and other major revenue categories for the quarter. Additionally, T-Mobile has been leading the way in the fixed wireless market, adding more broadband customers than all other major players combined.

The report also highlights the impact of fixed wireless on cable broadband net-adds, with mobile operators gaining over 100% of broadband subscribers in the US. This shift has caused a decline in cable broadband net-adds over the past two years, with Charter and Comcast emerging as the top tier-2 operators.

Furthermore, the research update covers various topics such as the state of the industry in 2024, the rise of spatial computing, 5G monetization strategies, and the global 5G race. It also delves into the competition between broadband and mobile services, as well as the advancements in 5G deployment in countries like China and India.

Overall, the US wireless market is evolving rapidly, with operators adapting to new technologies and consumer demands. The competition is fierce, but companies like T-Mobile are leading the way in innovation and growth.