Verizon 4G LTE

Looks like it's the time of the quarter in which companies begin sharing their earnings reports, as this morning Verizon has shared its first quarter 2012 results. Verizon Wireless saw quite a bit of revenue growth in the quarter, with retail service revenues growing 8.9 percent year-over-year to $14.9 billion and service revenues increasing 7.7 percent year-over-year to $15.4 billion. Data revenues saw an even bigger growth in Q1, jumping 21.1 percent (or $1.1 billion) compared to a year ago to $6.6 billion.

On the customer side of things, Verizon added 734,000 retail net subscribers in the quarter, which includes 501,000 retail postpaid subs. That brought Big Red to a total of 93 million retail customers at the end of Q1 2012, a year-over-year increase of 5.2 percent, including 88 million retail postpaid subscribers. Verizon also notes that almost 47 percent of its postpaid customers were using smartphones at the end of the first quarter, up from 43.5 percent at the end of Q4 2011. Of all the devices that Verizon sold in the first quarter, 2.9 million were LTE-capable, 2.1 million of which were 4G smartphones. Verizon says that 8 million of its customers are using LTE products, two-thirds of which are smartphones. Verizon also sold 3.2 million iPhones in Q1 2012.

Overall it looks like Verizon had good quarter to kick off 2012. It saw a growth in revenues and total subscribers, and it continued to build out its LTE network and sell 4G-capable devices to customers. I'm sure that it'd like the to see LTE device adoption increase even further, and it'll be interesting to see how that growth happens as Verizon continues to introduce new, more affordable 4G products. For those of you interested in some light reading with your morning coffee, you can check out Verizon's full Q1 2012 report right here. How many of you are currently rocking a Verizon LTE device?

Via MobileBurn, Verizon

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34 Reactions to this post

"What does Verizon need to continue to gain subscribers? More Android and Windows Phones, perhaps?"

Please limit your reaction to 140 characters or use comments for a longer reply :)
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John Jenzeh
John Jenzeh Add more windows phones. Specifically Nokia.
Rich Bramel
Rich Bramel I think att has got great phones and the best part you can unlock and mod them to run on tmobile and use the "3.5g" aka 4g speeds and the other way around. Att is not cheap either.
Rich Bramel
Rich Bramel Moto is junk their past phones show it. Ppl never learn history repeats itself. Atleast when you call customer service you talk to an english speaking idiot which better then the non english speak idiot. Wait time in the stores is horrible and same as talking on the phone. I have had a better experience with tmobile. I'm glad the att didn't get tmobile imagine what the market would be like then ppl.
Vince Gutierrez
Vince Gutierrez Unlimited data plans for a limited time to get people to switch
Rich Bramel
Rich Bramel The big V sells trendy medium quality stuff at high prices with high price plans. They gotta pay for marketing somehow. I have tmobile which tends to have the best quality android devices which makes sence since they sold the first googe phone. I get better sevice here in washington out in the country better then verizon and in some places its the other way around, but tmobile has an ace up there sleeve with wifi calling and text so even if you are in a dead spot, but are close to wifi you can still make calls. I average 65 a month per 2 lines 1kmin with 2gb cap unlim net which is the ceapest aside from prepaid plans.
Maegan Babcock
Maegan Babcock Better data plans with better prices all around might do the trick.
Nelson Nieves
Edward Gonse
Edward Gonse Verizon needs to lower their plan pricing, offer smartphones on their prepaid plans at a lower price point. Maybe they should offer discontinued or soon to be discontinued smartphones at a discounted price. I guarantee their customer base will be much more profitable.
Sam Rick
Sam Rick I dunno,lower prices perhaps??!
Carlos Castillo
Carlos Castillo a cheaper windows phone
Ryan Johnson
Ryan Johnson Definitely better prices
Tyler Hell
Tyler Hell All they are going to do. Is the same thing. Because its working for them! One thing that they need to do is have more phones. Like the samsung galaxy note, HTC one x, AND SOME WINDOWS PHONES!!!!!!!!!!!
Elijah Ford
Elijah Ford They need a unlimited talk,text and data plan at one set price!!!!.I really don't care tho cause i'm with T-mobile,(Samsung Galaxy S2)!!!!!!.
Shawn Poling
Shawn Poling Better customer service
Antoine Everette
Antoine Everette Hey Aaron baker my name is Antoine I have a DROIDx2 I gotta say the review you did and your team did on it was very good I really like my phone it does just about everything u said it does I was wondering if you could give Verizon a thumbs up now when I upgrade next time the pantech Breakout will be my next one keep reviewing all the greatest and latest smartphones I'll be watching ya on youtube
Jen Olivito
Jen Olivito Cheaper not act like jerks
Rodger Samiie Myers
Rodger Samiie Myers would like cheaper plan or cheaper plans...however despite the price...Verizon is very much the best service I have had
Zac Hooper
Zac Hooper less motorola.
Bill Thomas
Bill Thomas the fact of the matter is Verzion just needs to keep doing what they are doing and they will never lower there prices u all have to think that verizon is the United States largest cell phone provider with a huge network to maintain so its going to cost more to have an account with Verizon and u get what u pay for to....i have been all over the midwest and i have never had any kind of problems when it comes to Verizon service
Chad Forthman
Chad Forthman For me a better selection of phones.
Henry Murillo
Henry Murillo Better prices
Carlos Nava
Carlos Nava Cheaper prices !
Rick Harris
Rick Harris quit screwing people over on their plans,simple isn't it.....
Jason Torchy
Jason Torchy Keep maintaining the network. I reason I went back to verizon after having T-Mobile and sprint for 3 years was because of it's coverage and it's fast LTE network. A lot people will pay the premium for superior service.
Francis Singh
Francis Singh have an unlimited data plan like sprint. i use my phone alot but i know its not a tablet or a computer, if you cant have patients for somthing to load for like 3 seconds, why even bother getting an electronic..
Jose Juarez
Jose Juarez Yep I agree...better prices and of course android phones
Matt Cain
Matt Cain Their coverage is superior where I live. IMO, their plans are great and their customer service is awesome!
Dalton Severns
Dalton Severns here is the article about shared data plans: http://www.phonearena.com/news/Verizon-CFO-says-shared-data-plans-coming-this-summer_id29279
Vishant Khunti
Vishant Khunti Not overcharge on data
Dalton Severns
Dalton Severns How about shared data plans.
Matthew Heller
Matthew Heller Get the galaxy note
Brandon Somerville
Brandon Somerville Most definitely pricing and plans the phones are not the problem they have the best phones the main reason I left is cause the price
Marcus Henderson
Marcus Henderson better prices & plans
Tony Salazar
Tony Salazar Something they ARE NOT willing to do and that is BETTER CALLING PLANS WITH BETTER PRICING.......If someone from Verizon is listening PAY ATTENTION

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