Verizon Tops Expectations with 3.9 Million iPhone Activations in Q2 2013
Verizon today became the first of the major U.S. iPhone carriers to report financial results for the second quarter of 2013, revealing during its conference call that the carrier activated approximately 3.9 million iPhones during the quarter. The number represents a little over half of Verizon's 7.5 million total smartphone activations during the quarter and is up approximately 44% from the year-ago quarter.
The 3.9 million iPhone activations on Verizon also topped analyst expectations in the range of 3.5 million.
Verizon also reported that it has essentially completed rollout of its 4G LTE network, covering 99% of its 3G footprint with LTE. The carrier's LTE network now covers 301 million people, or 95% of the U.S. population, in over 500 markets. That LTE network is also now handling 59% of Verizon's total data traffic, with 33% of postpaid customers currently using LTE-compatible devices.
Finally, Verizon announced that 64% of its postpaid customer base is now on smartphones, up from 61% at the end of the previous quarter.
Apple will announce its quarterly earnings next Tuesday, July 23.
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