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  • Verizon Wows with Q1 iPhone Activations


    On Thursday, Verizon Wireless reported earnings that not only topped Wall Street analyst expectations, but proved once again that the addition of the iPhone to the mobile operator's menu has been a big boon for business.

    Verizon reported a respectable 7.7 percent year-over-year increase in mobile service revenues. And interestingly enough, of the 6.3 million smartphones that the carrier sold during the first quarter, half were iPhones. With all the sales and new subscribers, Verzion said the quarter ended with the carrier having 93 million total retail customers.

    But it must be remembered that while Verizon has sold a boatload of iPhones lately, the carrier doesn't exactly break the bank immediately on those transactions. New sales often hurt carriers' profit margins at first because they reportedly pay $600 for every device to Apple. The revenue comes in time and chiefly as a result of new subscribers who commit to two-year contracts.

    "Verizon delivered double-digit earnings growth and strong cash flow this quarter," said Lowell McAdam, Verizon chairman and CEO. "We built momentum coming out of 2011, and our results show that we continue to execute in the key growth areas of our business."

    Source: Verizon
    This article was originally published in forum thread: Verizon Wows with Q1 iPhone Activations started by Michael Essany View original post
    Comments 6 Comments
    1. BenderRodriguez's Avatar
      BenderRodriguez -
      If most of their sales are iPhones why don't I see any commercials by them advertising the iPhone? It seams like only apple can advertise the iphone
    1. ca3sar's Avatar
      ca3sar -
      That explains the new 30$ bs charge.
    1. Ezcaflowne's Avatar
      Ezcaflowne -
      You see Verizon. Apple came to you guys first over AT&T.
    1. matthew1111's Avatar
      matthew1111 -
      Quote Originally Posted by BenderRodriguez View Post
      If most of their sales are iPhones why don't I see any commercials by them advertising the iPhone? It seams like only apple can advertise the iphone
      Maybe they don't need to make the commercials? Apple isn't the only one with commercials though - Sprint's commercials are almost exclusively iPhone.
    1. Kenn@rd.'s Avatar
      Kenn@rd. -
      Quote Originally Posted by matthew1111 View Post
      Maybe they don't need to make the commercials? Apple isn't the only one with commercials though - Sprint's commercials are almost exclusively iPhone.
      + 1
    1. Sasukekun77's Avatar
      Sasukekun77 -
      Quote Originally Posted by BenderRodriguez View Post
      If most of their sales are iPhones why don't I see any commercials by them advertising the iPhone? It seams like only apple can advertise the iphone
      AT&T Still Advertising the 3G[S] xD