Verizon added 2.1 million subscribers in Q4 2012
Verizon has reported in on what overall was a pleasant Q4 and holiday season for the company. During the final months of 2012, Verizon added a record number 2.1 million postpaid subscribers while moving 9.8 million smartphones. In fact, 58 percent of Verizon subscribers are now smartphone users, and the number will only grow. Of sales to postpaid subscribers, 87 percent were smartphones.
Of the 9.8 million smartphones sold, Verizon’s CFO Fran Shammo reports that 6.2 million were iPhones. Assuming sales for Windows Phone and other platforms were marginal, that equals roughly 3 million Android phones sold (a number that seems quite small considering Android’s recent market dominance and Verizon’s history with the platform).
7.3 million LTE-enabled devices were sold. LTE makes up almost 50 percent of Verizon’s data traffic, and 23.3 percent of subscribers own a 4G-enabled device.
Overall, Verizon posted an 8.4 percent year-over-year increase in revenues, but combined operations between FiOS and wireless resulted in losses of $4.23 billion. For the year, Verizon profited $875 million.
[via Verizon]