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Verizon activated 9.8 million smartphones during Q4, most were LTE-capable

Verizon had a great Q4 with over 9.8 million smartphones enabled, most were LTE-capable

| Business, Financial & Legal News | Posted: Jan 23, 2013 5:33 am

Q4 is usually good for most companies, as the holidays are an extremely busy time of the year for most businesses. Verizon have had a stellar Q4, where they've announced they activated 9.8 million smartphones during the quarter.

 

TweakTown image news/2/8/28039_01_verizon_activated_9_8_million_smartphones_during_q4_most_were_lte_capable.jpg

 

Better yet, out of those 9.8 million, 7.3 million of them were LTE-capable. Breaking the numbers down once more, we find that 6.2 million activations were iPhone's and around half of them were LTE-capable meaning they were the latest iPhone 5.

 

In the same three-month period, Verizon added 2.2 million more subscribers, 144,000 new FiOS Internet subscribers and 134,000 FiOS video subscribers. Revenues were hitting $30 billion for the quarter, which is up 5.7% from twelve months ago and $115.8 billion for the entire fiscal year. Verizon were able to achieve a total return of 13.2% to shareholders last year.

 

With all of those great numbers, the carrier were only able to finish the quarter with a loss of $4.22 billion - or $1.48 per share. This loss was thanks to the higher pension costs as well as the financial impact from Hurricane Sandy. Verizon have stated that the pension charges cost around $1.55 per share, with damages in regards to Sandy accounting for around $0.07 per share.

NEWS SOURCE
Techspot.com

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