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

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 marginstandpoint and a net-add standpoint," said King, "While there’sno question that Verizon would like to have the iPhone all elsebeing equal -- it’s still the premier handset out there -- it’snot a necessity for them." Sanford C. Bernstein's Craig Moffett gushed, "They continue to run the most profitable wirelessbusiness, 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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65 Comments

65. Whateverman

Posts: 3295; Member since: May 17, 2009

And now you have proven yourself a liar as well. Not that ATT doesn't have coverage in some places that VZW doesn't, its possible. But everything you say just sounds like you are pulling out of your butt.

63. anthonygolovey

Posts: 44; Member since: Dec 30, 2009

Funny story happened today in San Rafael, i was at a gas station after work, a guy with a verizon droid eris was looking for a steet he couldnt find on his eris, was asking for directions, so i pull out my i phone 4 and found it for him instantly, he had bad service and had no 3g coverage i guess the map wasn't loading for him, he was very impressed and said that he was gonna get the iphone 4 tomorrow, just sharing it with you guys. Also my dad has verizon and i was with him and he had like 1 bar barely kept going in an out, i had 3 the whole time and 3 g coverage, so somethings AT&T is better then verizon like today for instance.

51. Whateverman

Posts: 3295; Member since: May 17, 2009

@ anthonyoglovely - Yeeeaa like I said, if you didn't know VZW is an AMERICAN company your credibility is shot. Face it, the numbers are right.

62. anthonygolovey

Posts: 44; Member since: Dec 30, 2009

Verizon is not an American company just made it to look like it is, i know a manager that works at verizon and he told me that its owned by a Mexican and operated out of Mexico.

64. remixfa

Posts: 14605; Member since: Dec 19, 2008

u know.. ud have a better chance of saying it was a britt company. At least then ud have a semi-fact.. LOL. Your an idiot. Something tells me you have an iphone4.

39. anthonygolovey

Posts: 44; Member since: Dec 30, 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.

43. oxidantdroid

Posts: 11; Member since: Apr 30, 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.

48. CRICKETownz

Posts: 980; Member since: Oct 24, 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.

54. WKlingbeil

Posts: 215; Member since: Dec 26, 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.

57. remixfa

Posts: 14605; Member since: Dec 19, 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

32. fishpower187

Posts: 88; Member since: Feb 22, 2010

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

47. CRICKETownz

Posts: 980; Member since: Oct 24, 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?

49. 1987riot

Posts: 5; Member since: Mar 24, 2010

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

56. remixfa

Posts: 14605; Member since: Dec 19, 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.

28. hawk62

Posts: 320; Member since: Nov 21, 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.

30. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

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

34. remixfa

Posts: 14605; Member since: Dec 19, 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.

42. oxidantdroid

Posts: 11; Member since: Apr 30, 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.

46. CRICKETownz

Posts: 980; Member since: Oct 24, 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.

58. hawk62

Posts: 320; Member since: Nov 21, 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!

60. iHateCrapple

Posts: 734; Member since: Feb 12, 2010

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

21. hawk62

Posts: 320; Member since: Nov 21, 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!

25. DonkeyPunched

Posts: 321; Member since: Jan 10, 2010

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

26. numberonenygfan

Posts: 211; Member since: Oct 19, 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

61. cupcake

Posts: 106; Member since: Apr 15, 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

12. CRICKETownz

Posts: 980; Member since: Oct 24, 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.

27. JackFace

Posts: 190; Member since: Nov 03, 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.

45. CRICKETownz

Posts: 980; Member since: Oct 24, 2009

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

55. WKlingbeil

Posts: 215; Member since: Dec 26, 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.

59. JackFace

Posts: 190; Member since: Nov 03, 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 :)

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