Verizon Wireless this morning announced their Q2 2011 earnings and recorded revenue of $27.5 billion and EPS of $0.57. During the same quarter a year-ago, Verizon reported a loss of $0.42 a share.
With respect to the iPhone, Verizon activated 2.3 million devices during the quarter gone by. AT&T, in contrast, reported 3.6 million activations during the June quarter earlier this week. Remember, though, that while AT&T sells a number of varying iPhone models, Verizon for the time being only sells the iPhone 4 because it’s the only model that runs on Verizon’s CDMA network. That certainly has an overall impact on iPhone activations when you can purchase an iPhone 3GS for as little as $49 on AT&T. Also, the iPhone on Verizon has only been available for five months and it stands to reason that a good number of AT&T customers who would otherwise be interested in switching over are waiting until their contracts expire.
In any event, Apple earlier this week reported selling 20.34 million iPhones during the June quarter. All told, Verizon and AT&T sales together comprise 5.9 million of that figure. That leaves 14.44 million iPhones that were activated on international carriers, or approximately 71% of Apple total iPhones sold during the quarter.