April 18, 2013
Earnings season has officially kicked off for the big three wireless carriers in the U.S., and for Apple. Verizon Wireless has announced first quarter iPhone activations of 4 million units. This beat estimates by 500,000 units. These numbers represent an 84 percent increase year-over-year. The nation’s largest carrier added 667,000 new postpaid subscribers between January and March, or an increase of 35 percent. In total, 61 percent of Verizon’s customers now carried a smartphone, a new record. During the quarter, the carrier activated 7.2 million new smartphones. Verizon saw sales hit $29.4 billion, with income rising to $4.8 billion. AT&T will announce their own quarterly sales numbers on Tuesday, April 23, beginning at 4:30 p.m. EDT. Apple’s conference call will follow at 5 p.m. EDT. Sprint, the third largest carrier in the U.S., will announce first quarter earnings on Wednesday, April 24, beginning at 8 a.m. EDT.