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Bryan M. Wolfe
| July 19, 2012
Verizon's iPhone Sales Down 16 Percent, As Consumers Wait For Apple's New Handset
In the just completed quarter, Verizon Wireless sold 2.7 million iPhones. This was half of all mobile subscribers at the largest U.S. carrier, and was an increase of 400,000 from the same quarter in 2011. Still, Verizon sold 16 percent fewer iPhones than they did in the previous quarter. According to Verizon’s most recent financial report, the company sold 2.9 million Android-based smartphones and 2.5 million of those were 4G LTE handsets over the same time period, April through June. In the previous quarter, Verizon’s iPhone sales were 3.2 million units. The downward change quarter-to-quarter most likely has to do with customers waiting for Apple to release their sixth-generation iPhone, which should happen later this year. In total, Verizon saw a 12.3 percent increase in earnings year-over-year, and a 7.3 percent increase for their wireless business. The company reported earnings of $0.64 per share, or a $1.83 billion profit, on sales of $28.6 billion. AT&T is expected to publish their last quarter results on July 24. Apple's earnings call will be held the same day.