AfterDawn: Tech news

Verizon sees strong earnings thanks to iPhone, Android

Written by Andre Yoskowitz (Google+) @ 22 Oct 2011 20:10

Verizon sees strong earnings thanks to iPhone, Android Despite a two-week union strike from 40,000 of its workers, Verizon had a strong earnings quarter, mainly thanks to brisk sales of Android and iPhone phones.
The carrier activated 2 million iPhones in the quarter, while rival AT&T activated 2.7 million.

Overall, Verizon activated 1.3 million new wireless users, with 882,000 going under new contracts.

Francis J. Shammo, CFO of Verizon, noted of the iPhone activations (which were considered light):

We anticipate that the strong demand we're seeing for the new iPhone 4S will bring even more new customers.


80 percent of iPhone activations were upgrades, while 20 percent came from rival carriers.

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