Verizon Announces First Quarter Results: 4G Growth Drives Sales Higher; Revenue Up

[dgstorm]

Verizon just released their first quarter financial results for 2012, and things are looking pretty rosy for them. Some highlights were that their rapidly expanding 4G LTE network helped drive sales higher. Sales of LTE devices rose to 2.9 Million, out of a total of 6.3 Million smartphones sold, and 9.1% of Verizon's customers are on 4G.

Big Red had 93.0 million retail customers, a 5.2 percent increase year over year, including 88.0 million retail postpaid customers. They added 734,000 retail customers, excluding acquisitions and adjustments. This includes 501,000 retail postpaid net customer additions, and they continued their trend of low retail postpaid churn of 0.96 percent. Forty-seven percent of their customers are now using smartphones.

For the full financial breakdown, hit the source link below.

Source: Verizon First Quarter Financials Press Release

 

[kptphalkon]

"But we're still going to charge you for everything under the sun"

 

[justin82]

"But we're still going to charge you for everything under the sun"

yep and since we need to make even more here a 30.00 upgrade fee. to you our loyal customer

 

[jayman350]

yep and since we need to make even more here a 30.00 upgrade fee. to you our loyal customer

its not b/c they need to make more, remember that $30 upgrade fee is paying for the VZW employees to run training classes to learn how to turn on your new android phone....cause so many people are lining up to take these classes