Verizon wireless Chief monetary Officer Fran Shammo lately participated in Citi’s international entertainment, Media & Communications conference, and as a part of his presentation printed some iPhone gross sales numbers for the carrier. As mentioned by way of StreetInsider.com, Shammo introduced that Verizon bought four.2 million iPhones throughout the fourth quarter of 2011, 1 / 4 which noticed the launch of the iPhone 4S.
That performance more than doubled the earlier quarter’s gross sales of 2.0 million iPhones. total, Apple bought simply over 17 million iPhones right through that 0.33 calendar quarter, and while it is troublesome to extrapolate Apple’s complete fourth quarter gross sales from the performance of a single U.S. provider, the 4.2 million quantity may as a minimum put Apple within the vary of 35 million iPhones for the quarter across all carriers and markets. Apple today announced that it is going to report its holiday quarter gross sales and cash numbers on January 24.
as a result of the robust efficiency of the iPhone 4S, Verizon is projecting a reduction in its revenue margin as it absorbs the upfront subsidies paid to Apple for the device. those subsidies will, alternatively, be recouped over time from subscribers’ provider contracts.
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