Verizon boosts profits, adds 1 million new subscribers

Its funny every quarter every wireless company states that they added x amount of new subscribers to their data base. The companies all mention their churn is low. Here is an idea how the companies are getting these numbers. Customer declines insurance, breaks phone, needs new one and the sale rep informs of no discount unless you add a line for $40.00 and if you look at the $40 mth for 24 mths is $960.00 plus taxes. This is a small example, and I know this because I have worked for a few major carriers, and this is always the last option. This is not the economical option, but twisted the right way, adds a line to the customer acct, gets the discount on the phone, and the wireless carrier reports a new add. The carriers are not breaking down the number of tablets sold with the 3g/4g aircard built in that they are selling and getting all the revenue after 24 mths. Lets face it, we feed the carriers what they want which is our money, yes, in return their is a wireless service provided. So looking at all the profit, its funny how carriers are afraid to pay their staff the way they should. I know a lot of people in retail in VZW and have been told how their commission structure has been revamped, and altered to do more and make less. So $2.5 billion in profit for 90 days is very impressive, yet, the reps get maybe $1000-$1500 for commission before fed and state taxes, and all the headaches that go with the whole sales process and the clincher is when the a customer orders online and walks into the store and says I am dumb I dont know how to activate this phone please help me. After all the help the customer thanks and I will see you if I have anymore problems, and the end result is profit for the company and nothing for the rep. There is another reason of billions in profit for VZW,ATT and the others. Sorry I went on a rant all.

I been saying Verizon is the best...for you people who say Verizon is losing customers don't know what you are talking about.... I've watched stock... Improvements on networks.... Customers complaint... Sprint and T-Mobile by the end of 2013 will not matter what they do with crappy service

00exia00, not sure why you decided to add that comment. Clearly it doesn't debate anything I said. You would agree that vzw and vz comm is not the same company

not looking for a flame war here but whenever numbers like this are given to wall Street from not just Verizon but AT&T, Sprint, T-mobile I have to say I smell a bubble -. Seen it in the Internet IPOs, Telecom Bubble (Remember MCI & Global crossings) and recently the Mortgage Bubble. I am seeing here a Cell Bubble. I believe we are at the saturation point now with cell technologies. Almost a billion activation by Android alone plus the other millions of activation of iPhones. I thnk a crash is coming and the carriers are just cooking the books to look good to wall street investors. I maybe wrong but I can't see this pace being sustainable for so long.

Can anybody acknowledge that Verizon wireless is not the same company a Verizon. Verizon wireless is not a publicly traded company. Verizon communications is. While Verizon owns vzw they are not the same company.

Like I said previously you want Verizon to drop prices have millions of customers leave or switch from vzw they will change it really quick... When millions join there is no hostage for talking

Of course!!! Everybody wants to be with America's #1 MOST reliable wireless carrier. Even if, they complain about the prices; it's their own fault for joining the party late! But, yaaaaaay, I have Unlimited 4G LTE Data on Verizon :D