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Verizon adds more new contract customers than AT&T during Q2

Posted: , by Alan F.

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Verizon adds more new contract customers than AT&T during Q2
Thanks to the omnipresent green robot, Verizon reported a stronger second quarter earnings report than expected by analysts. The carrier added 665,000 net new contract customers in the period, topping AT&T's net addition of 496,000 contract signing customers despite the latter's launch of the iPhone 4 on June 24th. Verizon is the top carrier in the U.S. based on the number of people using its pipelines, followed by AT&T. Verizon's CFO, John Killian, feels that his company has more potential for growth. He said, "We still see a lot of upside here now that we're in a much better position from a device line-up perspective."

Revenue in the wireless sector rose 3.4% year-over-year to $16 billion while the average revenue per user grew 1% to $51.56. Data plan sales rose 19% to $17.85 per customer. Wall Street analysts were jumping all over each other to praise Verizon. Christopher King from Stifel, Nicolaus said, "They’re doing far better than AT&T both from a margin standpoint and a net-add standpoint," said King, "While there’s no question that Verizon would like to have the iPhone all else being equal -- it’s still the premier handset out there -- it’s not a necessity for them." Sanford C. Bernstein's Craig Moffett gushed, "They continue to run the most profitable wireless business, and by a wide margin."

For the company as a whole, the second quarter brought profits of 58 cents a share before taking account of the costs of lay-offs. While that was lower than the prior year's 63 cents a share in profits. Wall Street was expecting profits of 56 cents a share. Verizon's wireless sector was boosted by the strength of its Android line-up which should get a kick in this current quarter from the strong launch of the Motorola DROID X which was released on July 15th and remains sold out at some Verizon stores.

Motorola DROID X Specifications | Review

source: Bloomberg, TimesNewsline


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posted on 20 Oct 2010, 01:47

1. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


VERIZON FTW.

posted on 26 Jul 2010, 09:10

2. timshady337 (Posts: 45; Member since: 19 Nov 2009)


+1

posted on 26 Jul 2010, 09:16

3. Mateo8326 (Posts: 472; Member since: 15 Jul 2009)


Congrats Verizon

posted on 26 Jul 2010, 16:02

33. fishpower187 (Posts: 88; Member since: 22 Feb 2010)


Makes me proud to be part of Big Red!

posted on 26 Jul 2010, 22:56

40. anthonygolovey (Posts: 44; Member since: 30 Dec 2009)


Way to be proud of something NOT AMERICAN, Verizon is a MEXICAN company and owned by a guy that lives in MEXICO, way to support the ECONOMY, i have no problems with mexicans i am just saying.

posted on 26 Jul 2010, 23:25

41. oxidantdroid (Posts: 11; Member since: 30 Apr 2010)


I hope to Hell your joking, Verizon is based out of New Jersey, not Mexico, holy shit! How could u even.post that.

posted on 27 Jul 2010, 02:34

50. Whateverman (Posts: 3191; Member since: 17 May 2009)


anthonygolovey - NOT AMERICAN? A guy in Mexico? You official have no credibity on anything cell phone related.

posted on 27 Jul 2010, 05:43

52. rjt185 (Posts: 257; Member since: 11 Jun 2009)


@anthonygolovey: You're an idiot. VZW is a JV between an American telco and a Brittish telco. The CEO of VZW Wireless was part of the NAVY Engineers Corp, and the company is based in NJ. Get A Life Dude.

posted on 26 Jul 2010, 09:20

4. LaDiabla00 (Posts: 1; Member since: 22 Feb 2010)


Isn't it funny how Verizon is still #1 without the iPhone? It's pretty sad when an entire carrier's success is based off of one phone. +1 for Verizon!

posted on 26 Jul 2010, 11:21

14. PapaJay224 (Posts: 866; Member since: 08 Feb 2009)


+1, more if allowed

posted on 26 Jul 2010, 09:43

5. anthonygolovey (Posts: 44; Member since: 30 Dec 2009)


Its also very funny how verizons customers want the IPHONE and are NOT GETTING IT. I had verizon and now how ATT, i can do the same thing make calls surf the web and get no dropped calls with ATT, but i do have the IPHONE. Both are great carriers.

posted on 26 Jul 2010, 09:48

6. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


no, what you have is a crapple product that is a locked down, playskool, small, 3.5 inch screen, fashion statement of a toy. are you proud to own a 3.5 inch screen phone? do you think it's cool to own a phone who's homescreen is full of apps and folders? i know i wouldn't be. people own the iphone for all the wrong reasons...

posted on 26 Jul 2010, 10:32

8. hawk62 (Posts: 320; Member since: 21 Nov 2009)


If i could give u a minus 1000 i would U have no Fing clue what u r talking about. The iphone has the best OS best interface and best app store/market! That is why every company is trying to bet it but have failed! Have u used an iphone? Lived with day in day out? I bet not.

posted on 26 Jul 2010, 10:58

10. cc16177 (Posts: 312; Member since: 09 May 2010)


The iPhone has the best OS interface and best app store/market? Do you live on a planet where the iPhone is the only phone or are you just on crack?

posted on 26 Jul 2010, 11:00

11. cammian (Posts: 27; Member since: 15 Dec 2009)


It is good but i would take a droid x any day over an iphone, same apps (well at least the ones that people actually use) and way more customization throughout the phone and more free apps. I like open based operating systems not ones that ARE locked down making you pay for all of their stuff. For instance I have apps on my droid x that I can download any song or ringtone for free like lime wire, cant do that on the iphone, you have to pay for itunes.

posted on 26 Jul 2010, 11:20

13. PapaJay224 (Posts: 866; Member since: 08 Feb 2009)


@anthonygolovey your in the wrong room talking about talking and surfing at the same time, thats the blanket you ned to get sleep at night knowing your service stinksm Verizon like the fact they can call 92 million plus 10 any to anyone in the US with no droipped calls. Keep your toy and your surf and whatever to yourself, your on our turf. FYI Talking and surfing is possible with VZW where WiFi is avalable, so since thats virtually everywhere now, the pot you had to piss in is now full, please move on.

posted on 26 Jul 2010, 11:23

15. vzwagent (Posts: 5; Member since: 10 Jul 2010)


the iphone is a good phone. most people have it because it has the apple logo on the back and they think it makes them edgy and cool. the great thing about iOS is its sooo easy to use. lots of people with the iphone are people who shouldnt be using, or have no need for a smart phone. iOS made having a smart phone very simple and easy to use. its the best smartphone operating system for dumb people. as a verizon agent i would love to have an iphone in my store to sell but as far as personal use goes i will never switch from android OS. if you really want to be original and separate yourself from the crowd then get a phone you can really make yours and not have it "customized" from the manufacturer out of the box

posted on 26 Jul 2010, 11:30

17. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


@anthonygolovey - you are the epitome of this biased "iPhone is the greatest and all other phones suck" mentality. Its clear that Verizon has no need for iP as Android is def. a suitable alternative. Even At&t are adopting phones that function better than iP but you bein a former Verizon customer had to taste the hype. Its sickening how some ppl carry on about a phone...you act like its a woman or somethin. Most iP users are just bandwagoners gettin the phone for all the wrong reasons like one earlier poster said....

posted on 26 Jul 2010, 11:36

18. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


@hawk62 - are making calls/surfin the web with your phone or are you havin sex with it? Damn son...you talk it cooks you breakfast in the morning.

posted on 26 Jul 2010, 12:18

19. WKlingbeil (Posts: 215; Member since: 26 Dec 2008)


@Criket - It probably is the closest thing to a woman he's got, don't make him feel guilty about it, haha.

posted on 26 Jul 2010, 12:28

20. gambino37 (Posts: 146; Member since: 16 Oct 2009)


@hawk62. pretty much everyone else owned you as far as the phone was concerned. But really? The best app/market? that may have been the case a year ago but certainly not now. Unless having the most flashlight apps counts as quality substance in your eyes. The iphone WAS the king for quite some time, ill give you that. But its reign at the top is over. Droid X FTW

posted on 26 Jul 2010, 14:07

22. numberonenygfan (Posts: 211; Member since: 19 Oct 2009)


lol do you have sex with your boyfriend while holding it too ? vzw ftw

posted on 26 Jul 2010, 14:16

24. DonkeyPunched (Posts: 321; Member since: 10 Jan 2010)


Not everyone wants an Android phone. I own a Nexus, but I wanna get the white iPhone 4. Same goes for all carriers. I'm not gonna debate whether which is better as there are already millions of them on this site, but I definitely wouldn't conclude Google's OS is better that Apple's. I don't think there's a winner because both have amazing features, but also have flaws which single each other out. Everyone has a preference, so no, Droid X is not FTW. Any (smart)phone that people are satisfied with is FTW. Btw, all these comments on each other are pathetic. You people need to grow up and understand you're talking on a forum.

posted on 26 Jul 2010, 15:51

29. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


this isn't a forum donkey, these are comments of phone news articles. the forum is on another part of the website.

posted on 26 Jul 2010, 15:53

31. anthonygolovey (Posts: 44; Member since: 30 Dec 2009)


You are a freaking dumb ass, dont fucking tell me what screen size to fuckin like, i dont like big phones my 3.5 retina display owns your 4.3 gay ass resolution screen any day, just because its bigger dont mean its better you dumb ass, if were comparing dicks then yes mine is much bigger then yours, and in that case the bigger the better.

posted on 26 Jul 2010, 17:12

35. gambino37 (Posts: 146; Member since: 16 Oct 2009)


Droid X FTW. Greatgambino37 FTW. Android FTW. Verizon FTW. iPhone...just plain fucked.

posted on 26 Jul 2010, 20:29

37. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


i don't care if your phone has a 3D display! 3.5 is way to small to surf the web, view pictures, videos and gaming.

posted on 26 Jul 2010, 20:32

38. JackFace (Posts: 190; Member since: 03 Nov 2009)


Way too small? Remember the RAZR? Just sayin'....

posted on 26 Jul 2010, 23:43

44. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


Razr was never labeled as a smartphone though. Imagine a full touchscreen device with the screen size of a regular flip phone. I remember 19 in. TV's but in the day and age of 55" screens who wants that? The idea is to move forward, not live in past glory.

posted on 27 Jul 2010, 07:51

53. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


well when you have the HD2, the EVO, DROID X, and Captivate screens, apple should have least made the iphone with a 4" screen.

posted on 26 Jul 2010, 09:54

7. Gawain (Posts: 351; Member since: 15 Apr 2010)


Well, the 3rd quarter numbers will be the ones to watch. VZW has the hot Android handsets, and that will be AT&T's first full quarter with the new iPhone...those will be some interesting numbers!

posted on 26 Jul 2010, 10:47

9. JeffdaBeat (unregistered)


That's exactly what I was thinking. The iPhone 4 was only out for a few days of this quarter...it will be interesting to see what it will be like when both companies have their respective flagship phone in the store for the entire quarter.

posted on 26 Jul 2010, 11:24

16. PapaJay224 (Posts: 866; Member since: 08 Feb 2009)


The Term Flagship is really getting oer used. "Flagship" means the phone to bring it home, the savior, the vessel to save a sinking ship...Falgship is always used out of context...the Blackberry Storm 1 was a flagship device, the only answer VZ had to the iPhone. Flagship is being thrown around like the word "Epic" we need to tone it down, That includes you to PA.

posted on 26 Jul 2010, 14:10

23. numberonenygfan (Posts: 211; Member since: 19 Oct 2009)


I hope verizon gets the i phone and becomes and monopoly so idiots like you can stop posting stupid comments about the iphone and how it was only on their network for a few days on the quarter. they have way more phones then just the i phone.. funny though i couldnt name one of them. i wouldnt be surprised if someday you walk into an att store they have one display with an apple on it.. and thats it.. because that the onlly reason why people even have att. lol

posted on 26 Jul 2010, 18:42

36. JeffdaBeat (unregistered)


I don't think that's the case. Let's use a completely different example. Cedar Fair is an owner and operator of many amusement parks around the country. They consider Cedar Point as their flagship park because they consider it the best of all their parks. It doesn't mean the company would fall into ruin if they didn't have it. A lot of companies have flagship stores as well. It's generally the store they've made the nicest of the rest. I think we can all say the iPhone has been AT&T's flagship phone for the past few years just because we haven't seen a phone that AT&T has promoted more. It's not about what the best phone is. Also, I didn't really mean to bring up the iPhone as a debate. People are joining on AT&T because of the phone, I don't think anyone can argue against that no matter what you think of the iPhone or Apple or AT&T. I'm sure Sprint saw a big leap of customers with the EVO and Verizon with the Droid X. I'm just wondering what the big impact will be given that.

posted on 26 Jul 2010, 11:16

12. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


Congrats to the big dog for great earnings. So hard for these At&t Applets to give props, instead they talk about the iPhone. Smh jealousy is such an unattractive quality.

posted on 26 Jul 2010, 14:46

27. JackFace (Posts: 190; Member since: 03 Nov 2009)


I'll Give Props. Props to Verizon! Though your comments are unattractive, I will give Verizon the well deserved credit because they have such unbelievably awesome phones right now. I think AT&T has really shot themselves in the foot for not carrying more Android devices.

posted on 26 Jul 2010, 23:50

45. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


My comments are unattractive b/c they are ignorant or are they unattractive b/c what i typed is true?

posted on 27 Jul 2010, 10:35

55. WKlingbeil (Posts: 215; Member since: 26 Dec 2008)


You are right Jack, when I worked for VZW they had crap for phones, the best phone they had was the Voyager (of course towards the end of my time there they started getting many more phones). Now, they do have the best lineup of Android phones, but I think Sprint is doing a good job keeping up phone wise, especially once the Epic, Moment 2, and Hero 2 debut then they'll have a real solid lineup. Poor T-Mobile had the original Android phone and they sure have done nothing to keep Android fresh, haha.

posted on 27 Jul 2010, 15:40

59. JackFace (Posts: 190; Member since: 03 Nov 2009)


Yes WKling, you are absolutely right! WTF happened with T-Mobile? They DID have the Android phone... sucks for them And for CRICKET, don't take it too personal, I just wanted to be facetious :)

posted on 26 Jul 2010, 13:21

21. hawk62 (Posts: 320; Member since: 21 Nov 2009)


Well all u iphone haters i just switched to the droid x. U r a bunch of losers. Say all u want. The iphone is king for many reasons. As for saying that ios is locked, well so is the droid bootloader and all the android phones come with a interface loaded by the maker moto htc sony they all have their own system. I switched to the x to save money n for the hotspot (which vz lied about so i might not be staying long), bigger screen, and nfl app. U can jailbreak the iphone and get apps free and do all kinds of stuff. SO STOP HATING THE IPHONE JUST BECAUSE YOUR MOM OR WIFE TOLD YOU NO TO GETTING ONE!

posted on 26 Jul 2010, 14:22

25. DonkeyPunched (Posts: 321; Member since: 10 Jan 2010)


Right? I'd pick a jailbroken iPhone over a rooted Android.

posted on 26 Jul 2010, 14:28

26. numberonenygfan (Posts: 211; Member since: 19 Oct 2009)


first of all your a theif poser and any other word for a sissy little girl. What exactly did vzw do to lie about the hot spot? they didnt your just mad because you have to pay for it ..and its funny how you talk about your mom or wife not letting you ahve one.. it sounds like your mom or wife wrote your comment .. because all your doing is bitching.. if you love the i phone so much go b ack to it.. as far as im concernd i feel as thought your hands are probly to small and frail to even use the droid x. its a mans phone. the i phone is for sissy girls and children that dont want to learn anything new and want to be controlled and herd like .. sheep.. haha.. and as far as jail breaking.. thats a great way to get free apps.. so basically you had the i phone.. because you jail broke it.. then realized you had a sissy girl phone in your pocket.. went to get a mans phone in the droid x.. and cant afford it or use it the way you could with your fisher price crapple device!!!! haha you suck - 20000000 for your horrible whiney as comment! Droid X is awesome and shouldnt be sold to sniffling sheep like you ! baaaaaaaaaa! go back to the i phone dude.. sell your x to someone who can actually use it like a man and not a 4.3 inch menstral cycle calculator

posted on 27 Jul 2010, 18:06

61. cupcake (Posts: 106; Member since: 15 Apr 2010)


Though you have a point, numberonenygfan - No need to be sexist. Just b/c the DROID X is a bloody awesome phone doesn't make it a MAN'S phone. That's like saying a Lamborghini Diablo SV is a man's car b/c it's awesome and bloody super fast. It's not, okeeyy

posted on 26 Jul 2010, 14:52

28. hawk62 (Posts: 320; Member since: 21 Nov 2009)


well mister numberonenygfan, guess fucking what! the hotspot was FREE if included in your order by July 21. I ordered mine on the 16th. But the salesperson didnt add the hotspot. So now they are telling me its $20/month. NO i did not jail break my phone. I didnt want to to. It is truely sad how many sorry ass losers are on this site. Until you have an iphone, you cant comment on it. I had it. I have also had a droid phone in the house for 8 months. So unlike you, I know what im talking about.

posted on 26 Jul 2010, 15:52

30. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


i have an iphone 3G, not activated of course, and all i can say is blah.

posted on 26 Jul 2010, 16:44

34. remixfa (Posts: 13903; Member since: 19 Dec 2008)


hotspot is always free with a root. :) man, for the most part all the iphone/att lackeys are quiet.. lol. Guess they cant say too much because they STILL continually get outclassed almost every quarter by a better carier even though it doesnt have the "dont touch me like that-jesusphone" guess more people choose great android devices and a network that works pretty much everywhere over trying to be part of the "in crowd" of idiots who chose a flashy device over service.

posted on 26 Jul 2010, 23:30

42. oxidantdroid (Posts: 11; Member since: 30 Apr 2010)


Yeah had the iPhone for 3 months, boring and mediocre, have a lot of respect for Steve jobs but I do honestly prefer a Droid incredible over the iPhone IMO.

posted on 26 Jul 2010, 23:56

46. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


The hotspot was never free thru Verizon for the Droid X you jag off. It was only on the Palm Pri Plus/Pixi Plus. Now i'm sure there are other backdoor ways to get free hotspot but Verizon never advertised free hotspot on the X. That's what happens when you buy your phone from Walmart instead of a corp. Verizon store. Get your facts straight.

posted on 27 Jul 2010, 11:36

58. hawk62 (Posts: 320; Member since: 21 Nov 2009)


NO cricketownz, YOU GET YOUR FUCKING FACTS STRAIGHT!. I ordered from Verizon direct. I was told it was included. After a long call yesterday, I was told it was free/included if added to the order by july 21!

posted on 27 Jul 2010, 16:49

60. iHateCrapple (Posts: 734; Member since: 12 Feb 2010)


hawk62- STFU!! Your annoying, stop typing...

posted on 26 Jul 2010, 16:01

32. fishpower187 (Posts: 88; Member since: 22 Feb 2010)


Where's @skainer and all of his trash in this thread? I kinda miss his skewed, hateful opinion of his employer.

posted on 26 Jul 2010, 23:59

47. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


LOL. Skainer does seem to exemplify a thorough hatred for Verizon Wireless as a company. The ppl i know that work there and do well say that they are a very good company to work for from a benefits standpoint, just the occasional BS you put up with from customers. Damn Skainer, what happened to you? A little sexual harrassment from a male supervisor and you discovered you liked it?

posted on 27 Jul 2010, 01:36

49. 1987riot (Posts: 5; Member since: 24 Mar 2010)


yea I work there its pretty legit. Great benefits, cool co-workers. Customers sometimes...bleh.

posted on 27 Jul 2010, 10:48

56. remixfa (Posts: 13903; Member since: 19 Dec 2008)


u cant escape the customers. Trust me, VZW has some of the NICER customers. Ive worked multiple carriers. At least most of vzw's customers have common curtesy. When you cater to a segment that cant keep its credit straight, u get alot more drama.

posted on 26 Jul 2010, 22:54

39. anthonygolovey (Posts: 44; Member since: 30 Dec 2009)


It is highly UNLIKELY that over 3 million IPHONES 4 sold and only 495,000 new customers, those number were not realesed by AT&T so i dont beleive them, as far as the droid X goes i mean look at it REALLY u guys are gonna compare it to the iphone 4 i mean freaking look at it, looks like fucking SHIT, wtf its slim then a sloap at the end wtf worst fucking DESIGN EVER, fucking admit it, now as far as the iphone 4, well thats just pure sexiness.

posted on 26 Jul 2010, 23:32

43. oxidantdroid (Posts: 11; Member since: 30 Apr 2010)


Um yeah numbers are correct, upgrades and full retail man, its the same with the X in my store it was maybe 5 out of the 50 we had were new customers.

posted on 27 Jul 2010, 00:14

48. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)


It is highly LIKELY considering upgrades and those who were ineligible for upgrades At&t made an exception for. Dude, face it...Apple's once behemoth of a phone is now just another option in this smartphone gumbo. If this were 2007 you're biased opinion would have a place but that was then. You're a newbie and you bought the iP4 based off of the reputation of the first-gen model. I like the iP4. Designed well, despite the 3.7" screen i would carry it...syncs well with iTunes etc. But that's just it, i don't rate it as SUPERIOR to all phones just like i don't rate the Droid X as superior. The X just fits my personal preference a little better. Bigger screen, thin, potential of the HDMI port, 8MP cam, support for Google Voice, google sync of my contacts, calender info, documents etc. I like the EVO as well...the Galaxy S, i'm not sure tho...i'll have to see that one in person to make that judgement b/c its still a Samsung when you get to the bottom line.

posted on 27 Jul 2010, 10:31

54. WKlingbeil (Posts: 215; Member since: 26 Dec 2008)


@Anthony - All you can comment about is the look of the phone? How about the fact that the iPhone has changed minimally since the first one came out? You stupid sheep, Apple has dragged every stupid Apple fanboy through the dirt by slowly upgrading each device, knowing their idiotic fans will buy everyone the comes out. Do you think they couldn't have loaded the iPhone 4 with all sorts of revolutionary software? They have so much technology and so many features they could've packed into that phone but chose to just ever so slightly upgrade it because they'd rather take their time and sell 4 more models before they fit those features in so they can keep making profits out of dummies like you. Just because you and your friends in 8th grade think the iPhone is the coolest thing ever because even an idiot can operate one (same goes for their computers), that doesn't make your opinion matter. Cricket is 100% right, the iPhone hasn't been the top of the smartphone pile since 2007, which is why they're losing market share in the US to Android.

posted on 27 Jul 2010, 10:50

57. remixfa (Posts: 13903; Member since: 19 Dec 2008)


well, since most iphone owners think their phone is a status symbol to get girls, hes just proving that theory right. Of course, 99% of girls dont give a crap, but dont tell him that.. lol

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