Verizon Wireless today announced their first quarter earnings for this year, with Apple’s iPhone again representing over half of the total smartphones sold. The largest mobile phone network in the US reported that they had a 7.7 percent year-over-year increase in service revenues last quarter with an 8.9 percent increase in retail. Their most popular device, the iPhone (either 4 or 4S), sold a total of 3.2 million units in this past quarter.
- 7.7 percent year-over-year increase in service revenues in 1Q 2012; 8.9 percent year-over-year increase in retail service revenues; highest growth rate in three years; data revenues up 21.1 percent; 28.6 percent operating income margin and 46.3 percent Segment EBITDA margin on service revenues (non-GAAP).
- 734,000 retail net customer additions, excluding acquisitions and adjustments, includes 501,000 retail postpaid net customer additions; continued low retail postpaid churn of 0.96 percent.
- 93.0 million total retail customers; 88.0 million total retail postpaid customers.
Even though Verizon had sold a good deal of iPhones in Q1 2012, the carrier’s sales did decrease by 1.1 million from the previous quarter. This isn’t all that surprising since demand is expected to eventually slow down. After all, not everybody can get a new iPhone every day of the year.
On a side note, Roger Cheng of CNET Tweeted that the Verizon CFO says shared data sharing plans will be coming out in the middle of this summer.
Verizon CFO says data-sharing plan will come out mid-summer this year.
— Roger Cheng (@RogerWCheng) April 19, 2012