+ Reply
Results 1 to 3 of 3

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Verizon Points to Strong iPhone Sales in Q4 Earnings Report

is a discussion within the

iPhone News

forums, a part of the

General iPhone

section;
On Tuesday, Verizon reported earnings for the fourth quarter of 2012. Despite a revenue spike of better than 5%, the company endured a $4.23 billion loss, primarily in response to
...
  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,741
    Thanks
    17
    Thanked 1,479 Times in 565 Posts

    Default Verizon Points to Strong iPhone Sales in Q4 Earnings Report


    On Tuesday, Verizon reported earnings for the fourth quarter of 2012. Despite a revenue spike of better than 5%, the company endured a $4.23 billion loss, primarily in response to charges from its pension plan, debt-related costs and superstorm Sandy damage.

    One of the brightest spots in the report for Verizon was the strong performance by Apple's iPhone during the holiday quarter. The iPhone claimed nearly two-thirds of the 9.8 million smartphones sold by Verizon during Q4. All told, the iPhone outsold Android devices by a commanding 2-to-1 margin.

    This reality helped Verizon add a record 2.1 million new wireless-contract customers in the quarter. As anticipated, however, margins on wireless services fell during the quarter as subsidies paid on all of those smartphones "were a direct hit to profit."

    Nonetheless, Chief Financial Officer Fran Shammo expressed "confidence we can drive top line growth in 2013." Without question, Verizon's 4G push, and iPhone 5 popularity will contribute to the projected growth. During Q4 of 2012, for example, half of the iPhones Verizon sold were iPhone 5 models.

    Source: WSJ

  2. #2
    Green Apple
    Join Date
    Nov 2010
    Posts
    66
    Thanks
    2
    Thanked 4 Times in 3 Posts

    Easy way to make up that cash is charge more for the service. I would raise it by 25 percent across the board as 40 percent for data, then tell customers it's temporary and never remove it cause they won't know.

  3. #3
    My iPhone is a Part of Me wolverinemarky's Avatar
    Join Date
    Feb 2009
    Posts
    687
    Thanks
    19
    Thanked 34 Times in 33 Posts

    Lol wtf

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts