The first-quarter financial figures for Verizon Wireless were not all that surprising. The nation’s largest wireless carrier was widely expected to post strong quarterly results, and it did. Verizon Wireless saw its churn rate fall year-over-year to 1.01 for postpaid customers and 1.33 overall. The company’s data revenues were up 22.3% from the same period last year, fueled by 1.8 million net additions, 2.2 million new iPhone activations, 260,000 HTC ThunderBolt activations, and 32% of retail postpaid customers using smartphones. Verizon Wireless now has 104 million total connections on its network, which represents a 6.1% increase year-over-year. If you are interested in reading the entire Verizon Communications release, it is waiting for you after the break.
Update: Although not included in the Q1 press release, the company’s conference call presentation indicates that 2.2 million iPhone 4s were activated during the three month period. Title updated to reflect this new information.
Via http://www.bgr.com/2011/04/21/verizon-wireless-posts-strong-q1-churn-down-data-revenues-up-iphone-sales-figures-absent/
