Apple Inc. (NASDAQ:AAPL)’s iPhone accounts for barely more that half of all smartphone activations at Verizon during the second quarter. This report comes from Fran Shammo, chief financial officer for Verizon. The company sold a total of 3.87 million iPhones during that period. During the first quarter, Verizon Communications Inc. (NYSE:VZ) sold 4.1 million iPhones.
Verizon trailed behind Apple
Verizon Communications Inc. (NYSE:VZ) didn’t share the number of Android phones activated during that same period, but the number probably trailed behind Apple Inc. (NASDAQ:AAPL). Lowell McAdam (chairman and chief executive officer for Verizon) added, “Verizon’s consistent strategic investments in wireless, FIOS and global networks drove strong financial performance in the first half of 2013. Having posted double-digit earnings growth in five of the last six quarters, we are focused on continuing to provide the best portfolio of products on the most reliable networks; capturing incremental revenue growth in broadband, video and cloud services; and sustaining our earnings and cash-flow momentum.”
In his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More
Apple iPhone’s strong sales
Apple Inc. (NASDAQ:AAPL)’s iPhone is still a strong seller, even as people are waiting for the next great smartphone. Tech consumers like the simplicity behind Apple Inc. (NASDAQ:AAPL)’s products. The iPhone is truly standard when it comes to phones with a great camera, useful features, and access to the best app store. The standard has been set.
There are many smartphones on the market, many of which try to compete with the Apple iPhone. Most of these phones cannot compete with the standard, only a few (namely Samsung) have been able to successfully give the phone leader a run for their money.
It’s predicted that the iPhone 5S will be Apple Inc. (NASDAQ:AAPL)’s next phone and it’s estimated to arrive sometime in the late summer or early fall. Unfortunately, it’s predicted that the iPhone 5S will be a minor upgrade from the current iPhone 5. Many fans are patiently waiting for the arrival of the iPhone 6, which is predicted to be a major upgrade from the last smartphone.