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

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%.
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  • Hillbilly Stock Star
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    That's cause a lot of girls have a $350 month phone bill! LoL! Long VZ
    12 Sep 2012, 06:53 PM Reply Like
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