63% of Verizon’s Q4 2012 smartphone activations were iPhones

Tue, Jan 22, 2013

Finance, News

Verizon earlier today released their earnings figures for Q4 2012 and recorded 9.8 million smartphone activations, of which 6.2 million were iPhones. And of that 6.2 million figure, nearly half were iPhone 5s.

By way of contrast, Verizon in the holiday quarter of 2011 recorded 7.7 million smartphone activations of which 4.2 million where iPhones.

That being said, the total number of iPhones activations on Verizon, quarter over quarter, increased by 47%. Not bad considering that everyone seems to be questioning the strength of iPhone demand these days.

As for Verizon’s financials, they posted a fourth quarter loss of $4.22 billion which translates into a loss of $1.48 per share. During the fourth quarter of 2011, the company posted a loss of $2 billion, or $0.71 a share. Of course, this past quarter’s results were affected by Hurricane Sandy and pension issues.

CNET notes:

The pension liabilities cut into earnings by $1.55 a share, while the early retirement of debt and other restructuring activities cut another 31 cents a share from earnings. Sandy cost another 7 cents a share.

Analysts, on average, expected Verizon to post earnings of 52 cents a share and revenue of $29.75 billion, according to Thomson Reuters.

And going back to the iPhone for a minute, Apple’s smartphone this past quarter accounted for 63.2% of all smartphone activations on Verizon compared to 54% during last year’s holiday quarter.

Not too shabby.


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