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Macintosh News => iPhone/iPod/iPad News => Topic started by: HCK on July 27, 2016, 04:05:20 pm



Title: Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016
Post by: HCK on July 27, 2016, 04:05:20 pm
Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016

Verzion has published the U.S. carrier's results for Q2 2016, noting total revenues of $30.5 billion for the quarter. The company also recently finalized its acquisition of Yahoo, which will sit comfortably alongside AOL. Operating income for Q2 was $4.6 billion and the carrier announced 615,000 new postpaid net additions. Verizon now has 113 million retail connections, up just over 3% from last year.





Some highlights from the financial report:


  The composition of the 615,000 retail postpaid net adds was strong: Verizon added 462,000 4G smartphones to its postpaid base in second-quarter 2016. Net phone additions increased sequentially to 86,000, as the net gain in 4G phones was offset by a net decline in basic and 3G phones. Tablet net adds totaled 356,000 in the quarter. Net prepaid devices declined by 30,000, a significant improvement sequentially and year over year, primarily due to new prepaid pricing plans.
  The composition of the 615,000 retail postpaid net adds was stron...

Source: Verizon took $30 billion in revenue, added 615,000 postpaid additions in Q2 2016 (http://feedproxy.google.com/~r/TheIphoneBlog/~3/Xxy1nP0jO5Q/verizon-took-30-billion-revenue-added-615000-postpaid-additions-q2-2016)