Verizon Wireless sold 6.8m smartphones in the last quarter, with service revenues in Q3 2012 climbing 7.5-percent year-on-year and 1.8m new customers inking agreements. Revenues hit $16.2bn for the three month period in wireless, with smartphones now comprising more than 53-percent of Verizon’s mobile users. Meanwhile, the average spend by those users is also up, with average revenue per account (a switch away from average revenue per user) climbing 6.5-percent to $145.42 per month.
That change is since the introduction of the Share Everything plans, which allow multiple devices to dip into a single bucket of data. Verizon now reports revenue per account, since individual devices may no longer have a data package all to itself.
Elsewhere in Verizon’s business, wireless customers grew in number, with 136,000 new FiOS internet connections and 119,000 new FiOS Video connections; in total, there are now 5.3m subscribing to FiOS internet and 4.6m subscribing to FiOS Video. Average revenue per user has risen above $150, and two-thirds of customers use FiOS for their phone, internet, and video service.
Overall, Verizon’s operating revenues were up 3.9-percent year-on-year to $29bn, with Q3 operating income up to $5.5bn. “Verizon continued to deliver double-digit earnings growth and strong cash generation, and we remain solidly on track to meet our financial objectives for the year” CEO Lowell McAdam said of the results.
Verizon sells 6.8m smartphones in Q3 2012 is written by SlashGear.
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