Verizon Activates 6.2M iPhones in Q4, But Posts Quarterly Loss

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.


Facebook0Twitter17