Verizon (VZ +1.5%) CFO Fran Shammo predicts the iPhone 5 will only produce a small margin hit...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon (VZ +1.5%) CFO Fran Shammo predicts the iPhone 5 will only produce a small margin hit for Verizon Wireless' Q4 results, in spite of its generous subsidies. A $30 smartphone upgrade fee announced in April could help cushion the impact. Shammo also claimed Verizon's shared data plans are leading to a smaller-than-expected near-term revenue drop because customer are purchasing larger data buckets. Verizon Wireless posted a Q2 EBITDA service margin of 49%.