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.