Verizon's second quarter profits soar, highest recorded revenue in six quarters
Verizon has posted its second quarter earnings, which saw the carrier accruing a double-digit percentage increase in operating income and earnings per share. Over the course of the quarter, Verizon has managed to add 1.4 million new postpaid wireless subscribers, up from 941,000 over the same period last year.
The carrier posted profits of $4.21 billion and $1.01 earnings per share, up from $2.25 billion and 78 cents per share in second quarter 2013. Overall revenue for the carrier was the highest recorded in over six quarters at $31.48 billion. The $130 billion buyout of Verizon Wireless from Vodafone had a significant impact in the uptick of profits.
Other highlights include a 75 percent smartphone consumer base, up from 72 percent last year. Verizon has also bolstered its LTE service during the quarter by launching an XLTE network that takes advantage of the AWS spectrum to boost bandwidth in select regions, and is in the process of rolling out VoLTE services across the country. The carrier is also bringing changes to its FiOS wired broadband service by offering upload speeds to match a customer's download speeds at no additional cost.
Interested in looking at other statistics from this quarter? Head on over to Verizon from the link below for all the details.
Source: Verizon (opens in new tab)
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Harish Jonnalagadda is a Senior Editor overseeing Asia for Android Central, Windows Central's sister site. When not reviewing phones, he's testing PC hardware, including video cards, motherboards, gaming accessories, and keyboards.
-- McLaren has been shelved
-- No signs that 930 is coming to US (although Lumia Icon is essentially Verizon exclusive version of it)
-- Verizon launched a new ALLSET prepaid plan with LTE I am adding to WP and Verizon coffers by buying the Lumia Icon (930 essentially) and switching to Verizon!
They are also the biggest carrier in MS' home market.
I probably wouldn't still be on Verizon if it wasn't for my unlimited plan.
Something I have noticed though is that every company I work with uses Verizon. I'd be curious to see their business:personal ratio compared to other carriers. I'd be willing to bet that's where their income is coming from mostly.
But seriously, who in the hell are you to tell me what I need or don't need?
When it fills up and the price is no longer worth it, I'll decide then and only then. Until that day, I'm going to keep driving my half a mile a gallon monster truck on the airwaves and pissing off the commies.
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