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 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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65 Comments

1. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

VERIZON FTW.

2. timshady337

Posts: 45; Member since: Nov 19, 2009

+1

3. Mateo8326

Posts: 472; Member since: Jul 15, 2009

Congrats Verizon

33. fishpower187

Posts: 88; Member since: Feb 22, 2010

Makes me proud to be part of Big Red!

40. anthonygolovey

Posts: 44; Member since: Dec 30, 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.

41. oxidantdroid

Posts: 11; Member since: Apr 30, 2010

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

50. Whateverman

Posts: 3295; Member since: May 17, 2009

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

52. rjt185

Posts: 257; Member since: Jun 11, 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.

4. LaDiabla00

Posts: 1; Member since: Feb 22, 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!

14. PapaJay224

Posts: 866; Member since: Feb 08, 2009

+1, more if allowed

5. anthonygolovey

Posts: 44; Member since: Dec 30, 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.

6. vzw fanman

Posts: 1977; Member since: Dec 11, 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...

8. hawk62

Posts: 320; Member since: Nov 21, 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.

10. cc16177

Posts: 312; Member since: May 09, 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?

11. cammian

Posts: 27; Member since: Dec 15, 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.

13. PapaJay224

Posts: 866; Member since: Feb 08, 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.

15. vzwagent

Posts: 5; Member since: Jul 10, 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

17. CRICKETownz

Posts: 980; Member since: Oct 24, 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....

18. CRICKETownz

Posts: 980; Member since: Oct 24, 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.

19. WKlingbeil

Posts: 215; Member since: Dec 26, 2008

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

20. gambino37

Posts: 146; Member since: Oct 16, 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

22. numberonenygfan

Posts: 211; Member since: Oct 19, 2009

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

24. DonkeyPunched

Posts: 321; Member since: Jan 10, 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.

29. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

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

31. anthonygolovey

Posts: 44; Member since: Dec 30, 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.

35. gambino37

Posts: 146; Member since: Oct 16, 2009

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

37. vzw fanman

Posts: 1977; Member since: Dec 11, 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.

38. JackFace

Posts: 190; Member since: Nov 03, 2009

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

44. CRICKETownz

Posts: 980; Member since: Oct 24, 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.

53. vzw fanman

Posts: 1977; Member since: Dec 11, 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.

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