Verizon released their Q3 2012 earnings report early this morning, announcing that this is their third consecutive quarter of double-digit earnings growth. They posted a record-high margin for their wireless business, and saw continued growth in wireline. If it’s not obvious, yes, Verizon had another great quarter.
On the wireless side of things, Verizon added 1.8million subscribers, 1.5million of which were postpaid connections. Their 4G LTE network now covers more than 250 million people in 419 markets. They sold 6.8 million smartphones, 79% of which were to postpaid customers. Verizon managed to sell a total of 4.5million LTE devices, a number that probably includes tablets and a week’s worth of iPhone 5 sales. Thanks to all of those LTE sales, more than 35% of their total data traffic now takes place on the 4G LTE network.
The full press release, for all of the dirty Q3 details, is below. (more…)
Verizon announced their Q2 2012 earnings this morning, which included a 50-minute earnings call with CFO Fran “ShamWow” Shammo. We are about half way through it, but wanted to start up this post to share some of the bits of info that you may not find in the actual press release. We like numbers and future predictions and there are no better places to find them than during a quarterly earnings call. (more…)
Verizon released their Q2 2012 earnings report this morning, and as expected, includes a bunch of positive numbers for the communications giant. We mostly care about the wireless side of the business, so on that note, they reported 7.3 percent year-over-year increase in service revenues, 8.6 percent year-over-year increase in retail revenues, and data revenues that were up 18.5 percent year-over-year. They added 1.2 million retail net customers, which includes 888,000 postpaid customers. They now have 94.8 million retail customers, 88.8 million of which are postpaid.
On the non-boring financial and customer count side, they also announced that 50% of their customers now use a smartphone. Over the last couple of years, Verizon has made it increasingly difficult to find feature phones. Their goal is get you onto a smartphone, so that you have to buy extra data packages and other high-priced features. It’s working, alright. Can you imagine life without a smartphone? (more…)
Boy, do we miss the days when Motorola CEO Sanjay Jha would jump on their quarterly earnings calls and start rambling about phones on the horizon and other products that weren’t supposed to be spoken of publicly. Those times are long gone though, as Google tries to wrap up their acquisition of the company and Jha’s standing remains in question (is he in or out?). Moto and Google no longer hold calls to talk about the company and the releases aren’t any fun with losses being reported on the regular.
For Q1 2012, Motorola shipped 5.1 million smartphones (shipped, not sold) and brought in revenues of $3.1 billion with an operating loss of $121 million. This of course, comes on the heels of Samsung’s record quarter where they took over the #1 mobile phone maker in the world title from Nokia.
As far as that acquisition is concerned, Google and Motorola hope to finalize everything by the end of the the first half of this year. We are still waiting for China to sign off on it.
The full earnings statement can be found at Motorola’s investors site.
Verizon reported their Q1 2012 earnings this morning and as seems to be expected, they were up year-over-year (8.9% to be exact in retail and 7.7% in service). They tacked on 734,000 retail customers, bringing their total up to 93 million. They also sold 2.9 million LTE devices (phones, tablets and the new iPad) (2.1 million were phones) along with 3.2 million iPhones. Data now makes up for 43% of service revenues which is at $4.3 billion, up 36%.
This all comes on the heels of Verizon’s announcement that they would need to charge a $30 upgrade fee when existing customers buy new phones on contract. The reasoning for the fee was explained as a means to continue to fund their workshops and development of
bloatware Verizon-branded apps. Makes sense, right? Since they are clearly struggling so much…
The full press release is below if you are into reading such things. For even more details, you will want to check out the full earnings call transcript. (more…)