“With so much attention focused on the upcoming CDMA iPhone, wireless growth was muted in the fourth quarter,” Moritz reports. “Verizon added 872,000 new retail postpaid customers in the quarter, down from the 1 million new customers it added in the third quarter.”
Moritz reports, “The Verizon iPhone sales launch Feb.10.”
Full article here.
The Silicon Valley / San Jose Business Journal reports, “Revenue at Verizon fell 2.6 percent to $26.4 billion, right on the target projected by analysts. Net income was $2.64 billion, or 93 cents a share, compared with $617 million, or 22 cents last year.”
“The company is expected to take a hit of between $3 billion and $5 billion in the first year that it sells the iPhone, due to an estimated $400 subsidy it will give buyers of the Apple device,” The Silicon Valley / San Jose Business Journal reports. “It has said it will charge $199 for the 16GB version and $299 for the 32GB version, both with a mandatory two-year service plan.”
Full article here.
MacDailyNews Take: Verizon’s pretend iPhone market is slowing.