Verizon rakes in $7.1 billion in profits, iPhone sales surprisingly flat11
Verizon also had good news about its 4G LTE network deployment as its nears completion and now 4G covers 99% of the carrier’s 3G network. Now, the overwhelming majority, or nearly 303 million, Americans have access to blazing-fast 4G cellular data.
Somewhat surprisingly, though, with all this, iPhone sales stayed flat despite the launch of the new iPhone 5s and 5c in the last week of the quarter. In the three past months Verizon sold 3.9 million iPhones. Still, iPhones were the dominant part of Verizon's smartphone sales - 51% against 49% for all the rest.
The total subscriber count for Verizon grew to 101.2 million subs with 95.2 million of them being postpaid connections.