Reportedly, for almost the last two decades, the cable industry is boosted by three revenue streams: landline phones, cable television, and high-speed broadband. Although, the triple play has begun to dwindle. As lesser households require a landline, millions of Americans are calling off cable TV, which is a trend balanced to step up as new streaming products like Apple TV+, Disney+, and HBO Max hit the marketplace. The cable companies just have only one reliable product that is high-speed internet. Financiers do not seem concerned. The cable internet has higher profit margins and augmentation has been so robust that the two biggest American cable companies, Charter and Comcast, are trading at peak levels even as their business is parting.
During the last quarter, Comcast added 379,000 uptown high-speed broadband clients, which is its strongest third quarter in a decade. Nonetheless, there is a possible existential threat looming: home broadband from wireless suppliers AT&T, Verizon, and T-Mobile/Sprint, who are all canvassing the power of 5G. These firms are providing lower-priced plans that can save billions of dollars of Americans and leave cable suppliers with nothing. While 5G is creating a ton of buzz for its capability to handling the amount of data coming from AI (artificial intelligence) workloads and self-driving cars, the technology has constraints when the replacement if cable infrastructure is considered.
Speaking of 5G, recently, Huawei estimated that almost 1,500 Australian jobs might go owing to a 5G ban. During August, Huawei stated it had slashed 100 jobs in Australia, and in the next 5 years, this number can rise by 400 redundancies due to the prohibition placed on the company in 5G launch by the Australian administration. Just 3 Months afterward, Huawei has determined to cut in a number of jobs of regional contractors and subcontractors, to sum up with about 1,500 jobs by 2020.
Maria Jackson a resident of China has completed her tutoring in Masters in Computers. She deals with the international technology section-related news owing her intense interest in collecting unique gadgets or reading technology-related books like The Innovator’s Dilemma, The Soul of a new machine, and so on. Prior to captivating the senior editor position at The BunBury Mail news magazine, she has worked as a copy editor and junior reporter covering the tech news at The BunBury Mail for almost a year now.