Verizon adds 1.1 million net new postpaid subcribers in Q2; tablets lead the way

Verizon adds 1.1 million net new postpaid subcribers in Q2; tablets lead the way
As part of the release of Verizon Communications' second quarter earnings, the company broke out some data related to its Verizon Wireless subsidiary. Big Red remains the nation's largest mobile carrier and scored 322,000 net new phone subscribers for the period. But tablets were the big news as Verizon added 842,000 net new tablet subscribers for the three month period. Overall, 1.1 million net new postpaid subscribers joined Verizon Wireless during the quarter, which ended in June.

For the second quarter, Verizon added 588,000 new smartphone accounts, but lost 266,000 feature phone users as many moved over to an intelligent handset. Verizon's churn hit a three year low at just .90% for the quarter despite T-Mobile's focus on stealing customers away from Verizon. The low churn could be attributable in part to the strong tablets add since these accounts tend to stay in one place.

49% of the new smartphones activated in the period were purchased using Verizon Edge, the carrier's equipment installment plan. That is up from the 39% of new smartphone activations that opted for the plan last year. Since Verizon books 95% of the value of the purchased phone at the time it is bought, equipment revenue rose 63% year-over-year. Service revenue declined 2.2% due to the lower rates charged to Verizon Edge members.

source: Nasdaq, CNBC

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11 Comments

1. jeroome86

Posts: 2314; Member since: Apr 12, 2012

Do you still have to prescribe to get visual voice mail? I like to try you mail. Verizon always seem little greedy to me. So is AT&T which I currently have.

2. Derekjeter

Posts: 1456; Member since: Oct 27, 2011

With my Nexus 6 I get visual voicemail at no charge but I do see other Verizon Androids that have to subscribe. That's one good thing about iPhone, it's free on my 6 plus. Verizon still pushes VZ Navigator even though you can get Maps for free. They are greedy.

3. theo14461 unregistered

Verizon is such a rip-off! Why would anyone sign up for this stupid company?

4. theo14461 unregistered

Verizon is such a rip-off! Why would anyone sign up for this stupid company?

5. theo14461 unregistered

Verizon is such a rip-off! Why would anyone sign up for this stupid company?

6. Kary1

Posts: 300; Member since: Jun 26, 2015

So that their posts don't appear three times? ;-) Verizon and AT&T are about coverage. If coverage is important to you it's worth the extra money (and more). If it's not important to you then you pay less and get T-Mobile or Sprint.

7. Kary1

Posts: 300; Member since: Jun 26, 2015

I guess I'm just cheap. I use my phone as a wireless hotspot and have zero interest in a tablet what has it's own service.

8. Sprissy

Posts: 193; Member since: Feb 11, 2012

I left Verizon twice, came back because they simply have the best coverage.

9. twalsh3

Posts: 6; Member since: Mar 15, 2010

Verizon might cost a bit more but they do have the best coverage. Was on a recent trip to Winter Park, CO and did a speedtest and got 54mb down.

10. dontneedtoknow

Posts: 158; Member since: Feb 17, 2014

I currently have verizon and I hate it. I was much happier with AT&T but when selling to customers, I do tell them that Verizon is better also cheaper. I don't know why people keep on saying it's expensive.

11. corporateJP

Posts: 2458; Member since: Nov 28, 2009

I was paying for two phones on AT&T's network with unlimited everything (including data) for what I used to pay for ONLY ONE on Verizon's and with a data cap to boot. You are blind, an employee, or up their asses if you say otherwise. Their coverage is only slightly better than AT&T's these days and AT&T will give you a softcap on Go Phone or Cricket. If Verizon ever moves to a softcap from their current rape overage plans, you can come back here and talk. On a side note, their corporate narcissistic culture is just another turn off.

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