Tuesday morning, Verizon Wireless posted the results of the 2012 holiday quarter. Overall it doesn’t look good.In most matters Verizon had a record quarter with increased growth in nearly everything. They added a “record-high” 2.12 million new subscribers with smartphones being about 58% of it. Their quarterly revenue increased 5.7% to around $30 billion. They activated 9.8 million smartphones in the quarter, with 63% or 6.2 million of them being iPhones. In comparison, they activated 3.6 million smartphones in Q3 and were mostly Android devices. Nearly one out of every four accounts, about 23%, are on Verizon’s Share Everything shared data plans. About the same number of devices is on Verizon’s LTE network, up from 16% the same time last year. Sales of those devices hit 7.3 million units at the end of 2012. Finally the full 2012 yearly revenues totaled $115.8 billion, a 4.5% increase of the previous year.
And despite all that, Verizon posted a quarterly loss of about $1.93 billion and a drop of $1.48 earnings per share. The decline was blamed on pensions anad unpreventable costs associated with Hurricane Sandy.