70% of Verizon subscribers are sporting a smartphone
While the entire company reported $6.9 billion in net profits for the period, we have some more numbers related specifically to Verizon Wireless. The Average Revenue Per User rose 7.1% year-over-year and is now at $157.21. Wireless revenue increased 5.7% to $21.1 billion and fourth quarter cash flow from the wireless business amounted to $8.3 billion, a gain of 22.4% year-over-year. Verizon's LTE signal now covers 305 million Americans and Big Red's 4G LTE coverage now extends to 99% of the carrier's 3G footprint.
46% of Verizon's postpaid accounts are now on a Share Everything plan and 23% of the upgrades completed during the three months were customers moving from a featurephone to a smartphone for the first time. Smartphones continue to lead the way with 70% of Verizon's postpaid subscribers using one. 58% of the smartphones are 4G LTE enabled. With 25.5 million basic phones and 24.7 million 3G smartphones still on the network, Verizon still has a large number of subscribers it can convert to its top of the line LTE supported phones. Fourth quarter churn was .96%, down 1 basis point sequentially but up 1 basis point year-over-year.
The fourth quarter of 2013 saw Verizon activate a company record 790,000 tablets. For the full year, that number came out to 1.9 million slates. The carrier now has 3.6 million tablets on its network.
Overall, 44% of Verizon's postpaid accounts are using 4G LTE, up from 23% last year. That 44% accounts for 69% of the data traffic on Big Red's pipeline.
1. PootisMan (Posts: 204; Member since: 02 Aug 2013)
They must be paying a lot of money to have those smartphones on Verizon.
18. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)
So NOT true; I am grandfathered with an Unlimited Data feature and with my lovely corporate "Data Feature" discount (-20% ) I pay $23.99 for true Unlimited 4G LTE Data and with my lovely corporate "Voice Plan" discount (-15%) I pay $29.74 for a non-published "Loyalty" voice plan. So I guess when one does the math, my base charges are $53.73. Oh, and did I mention free texting with Groove IP (through one of my many Google Voice #'s). Must be true: Verizon customers are 'Smarter' ... lol :)
2. PapaSmurf (Posts: 8922; Member since: 14 May 2012)
Verizon has the best coverage no doubt, but their pricing is so damn expensive. It were a little cheaper, I'd switch in a heartbeat.
6. PapaSmurf (Posts: 8922; Member since: 14 May 2012)
I'm pretty sure the word "cheaper" should be self explanatory.
19. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)
Yes 'Papa', it was a wise decision to 'Join-In' early on .... [dangle preposition]
4. wolverinexmen9 (Posts: 90; Member since: 31 Mar 2011)
Yes totally. A friend of mine verzions family's plan comes out to over $600 a month just for the service! That's like paying for a new smart phone every month. 5 smart phone lines with unlimited calling, unlimited texting, and 10GB to share. They have about 4 or 5 discounts too. That's still crazy!
5. jsd0108 (Posts: 19; Member since: 11 Mar 2010)
A $10 GB Share Everything plan with 5 smartphones is $300 (plus tax) on Verizon. $600 is a bit of an exaggeration.
7. PapaSmurf (Posts: 8922; Member since: 14 May 2012)
My cousin is paying $280 for 6GB shared with AT&T on four lines... That's flat out ridiculous.
16. quakan (Posts: 1223; Member since: 02 Mar 2011)
Earlier I was doing some math to try to figure out if I should switch from my legacy plan to a share everything plan and for an extra $11 I can get a better plan. Our bill right now for 4 lines (2 smartphones and 2 feature phones) is $194.34 and for $205.78 (price, surcharges, taxes and discounts calculated) we would get 2 features phones upgraded to smartphones, share 6GB, and gain unlimited talk. Also, the $35 activation fee is waived for a limited time so I'm going to jump on that as soon as possible.
13. CEMIII (Posts: 110; Member since: 26 Jun 2013)
Agreed I have had sprint for years & started porting my family over to Vz. I cringed for the 1st device but now I have 2 on Vz & 2 on Sprint & I pay $11 more big deal. All my devices will be rolled over by summer. Just waiting to see what comes out.
15. blazee (Posts: 318; Member since: 02 Jan 2012)
Me and my mom share a plan i have a smartphone, she doesnt. we have 1600 minutes, unlimited text and unlimited data for me, since ive been grand fathered. The bill is 177 a month. If i was to upgrade i would lose my unlimited for 2GBs and still pay the same amount. Needless to say im leaving verizon for tmobile
9. Matthew (Posts: 1; Member since: 09 Apr 2008)
I guess that's why my download speeds are so slow. Verizon 4G LTE in NYC is SLOW...
10. atlvideoguy (Posts: 42; Member since: 24 Feb 2012)
Your gonna get screwed by every carrier, I got sprint and I have unlimited data, but Sprint throttles my connection if I try to watch netflix were in won't work. and I put upwith theyre crappy network. I've considered just switching to a nexus 5 on at&t straighttalk sim.
14. medwar07 (Posts: 25; Member since: 18 Oct 2011)
Well hopefully they have Wifi everywhere because if they want to use their phone they will be paying a lot if they dont.
17. JunitoNH (Posts: 985; Member since: 15 Feb 2012)
Verizon is like Apple devices, not for the indigent population, for sure.
21. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)
Careful with your words; there's a Metro Bus Driver on here that cries racism for anything insinuating disenfranchisement. (I think it stems from issues of having to hand out so many bus transfers). Just be careful and stick to how how 70% of Verizon subscribers seem to be a fortunate demographic base.