Verizon beats all estimates, as Apple and Samsung watches save the day
Apple Watch and Samsung Gear S-lines of this world saved the day for Verizon, and, although these don't pay nearly as much as phone subscribers, they still add a substantial increase to the customer base.Yep, it seems that the
Verizon made out with $4.55 billion of net profit, compared to $3.8 billion year-on-year, and a good chunk of the increase came thanks to the new tax law that came into effect in the fall. The revenue also increased, though, to $31.8 billion, so Verizon beat analysts expectations quite comfortably. Shares of the company rose nearly two percent after it surpassed the estimates.