Notification Center

This is our new notification center. Inside, you will find updates on the most important things happening right now.

Notifications

Hmm, push notifications seem to be disabled in your browser. You can enable them from the 'Settings' icon in the URL bar of your browser.

www.phonearena.com

Verizon beats all estimates, as Apple and Samsung watches save the day

0
Watches, Not Phones, Fuel Verizon's Subscriber Growth
Verizon saw a huge uptick in subscriber growth last quarter, but the 260,000 extras against the 159,000 consensus analyst estimates average, has come from unexpected places. Despite that Verizon nominally lost 100,000 phone and tablet subs in Q1, the loss was much less than expected, while the carrier actually added the whopping 360,000 subscribers thanks to watches and other wearables.

Yep, it seems that the 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. 

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.

source: Reuters

New reasons to get excited every week

Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

FCC OKs Cingular\'s purchase of AT&T Wireless