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Verizon First Quarter Results: 2.2 Million iPhones Sold

It’s that time of year again, when we get to check out quarterly results from all the tech companies we talk about everyday. Yesterday we heard from Apple, and today we’ve found out how Verizon did in the first quarter of 2011.

Verizon has activated a whopping 2.2 million iPhones so far this year, and 500,000 4G devices, 260k of those being the HTC ThunderBolt.

Overall the company is reporting $3.26 billion in earnings, which equates to about $.51 per share. Other interesting numbers to report:

  • 32% of Verizon’s customers are smartphone users
  • Verizon’s 4G LTE network will be in more than 175 markets by the end of 2011
  • Verizon added 207,000 net FiOS Internet connections and 192,000 FiOS TV additions

What do you think about the numbers? Do you think LTE is going to be enough to keep Verizon profitable?


Emily Price

Emily has been obsessed with computers since the early 80s when she discovered she could play Ghostbusters on her father's Commodore 64. She...

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