Verizon Activates 8.8 Million Smartphones in 4Q 2013, Stops Announcing iPhone Numbers
Verizon Wireless announced its earnings today for 4Q 2013, making it the first major U.S. carrier to release its financial statement for the quarter. But while many were hoping to get the first insight into holiday sales of the iPhone, the carrier failed to break out these numbers. This is the first time Verizon has not announced iPhone activations and is following AT&T, which also stopped reporting quarterly iPhone activations last year.
The carrier revealed during its earning conference call that it activated 8.8 million smartphones in the quarter, down approximately 10 percent from the 9.8 million smartphones the carrier activated in 4Q 2012 but up approximately 16 percent from the previous quarter. The carrier activated 625,000 tablets in the quarter and now has 3.6 million tablets on its network.
Verizon also confirmed it activated 9 million LTE devices in 4Q 2013 while completing its LTE deployment on its cellular network and leading the industry in 4G LTE smartphone connections. As of the end of the quarter, the carrier's 4G LTE network covers 305 million people in more than 500 markets in the U.S. Approximately 69% of the carrier's total data traffic now is transferred over LTE.
Apple will be reporting its own earnings next week on January 27, 2014 after the close of trading, at approximately 4:30 PM Eastern / 1:30 PM Pacific. MacRumors will have full coverage of Apple's earnings release and associated conference call taking place at 5:00 PM Eastern / 2:00 PM Pacific.
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