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Verizon (VZ -2.1%) slips following its Q2 report. Big Red says it sold 2.7M iPhones (AAPL) in...

Verizon (VZ -2.1%) slips following its Q2 report. Big Red says it sold 2.7M iPhones (AAPL) in the quarter, down from Q1's 3.2M and Q4's 4.3M, albeit while adding 25% of sales are to new customers. Android sales came in at 2.9M. Deutsche is disappointed by Verizon's FiOS net adds, but is pleased with ARPUs and wireless margins. Moreover, 2012 capex is now expected to be "flat to down," - good for VZ's cash flow, but not for struggling telecom equipment firms. T -1.4%. S +1.4%.
Comments (1)
  • This shows a 15% quarter to quarter decrease in iPhones at VZ. Extrapolating that against the 35 million iPhones last quarter, we get 29.75 million iPhones for last quarter.

     

    The would be well and good, except that China Telecom just got the iPhone in March. The June quarter will be it's first full sales quarter and should help make up for the US decreases.

     

    I say 31 to 32 million iPhones in the June quarter.
    19 Jul 2012, 12:25 PM Reply Like
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