“Verizon Wireless added 888,000 contract customers in the quarter, compared with 1.3 million a year ago. While that reflects an industrywide slowdown in growth, the number beat the 724,000 estimated by analysts. The profit margin on those customers, excluding some items, climbed to a record 49 percent,” Scott Moritz reports for Bloomberg. “The average revenue per contract user rose 3.7 percent to a record $56.13. Analysts predicted that the so-called postpaid ARPU figure would be $55.82.”
“Verizon Wireless sold 5.9 million smartphones in the second quarter, according to a company presentation today, down 6.3 percent from the first quarter. The decline in part is due to a slowdown in the upgrade rate to 7 percent from 8 percent in the first quarter as fewer subscribers traded in old phones for new phones,” Moritz reports. “Of the smartphone total, Google Inc. Android-operated devices accounted for 49 percent or 2.9 million, and Apple Inc. iPhones were 46 percent of the total, or 2.7 million. Most of the 300,000 remaining smartphones were Research In Motion BlackBerries.”
Read more in the full article here.
MacDailyNews Take: Apple’s basically tying the sales of all Android handsets put together, including any BOGOF “deals,” and they don’t even offer a 4G iPhone, yet!
The next-gen iPhone with 4G LTE is going to kill it worldwide.