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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

By Anthony Garreffa on Jan 22, 2013 11:33 pm CST - 0 mins, 57 secs reading time

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.

Verizon activated 9.8 million smartphones during Q4, most were LTE-capable | TweakTown.com

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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:techspot.com

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