Verizon records highest revenue growth in the past six quarters
Verizon’s Q2 numbers are ready for the world to see, and we’re sure they couldn’t be more happy with the results. On the wireless side of things, the company managed to add 1.4 million net postpaid retail connections, bringing their total number to 98.6 million. That puts Verizon’s overall connection base at around 106 million which is a lot more than any other carrier can say right now. We’re sure they couldn’t be happier with their position atop the ladder.
Interestingly enough, tablets accounted for way more connections than phones: 1.15 million for the former and just 304,000 for the latter. Smartphones accounted for 75% of the phone side of things, while this is Verizon’s third consecutive record breaking quarter for tablet additions.
On the money side of things Verizon raked in $31.5 billion, a 5.7% increase over the same quarter a year ago, and their highest revenue growth in the past six quarter. Their wireless business was responsible for a majority of that at $21.5 billion in revenue.
Verizon has had to move to keep people interested in their services thanks to pressure put on by T-Mobile and the rest of their competitors. While they haven’t yet made any changes as drastic as Magenta, they’ve given folks easy enough ways to continue to upgrade their phones on a yearly basis without having to break the bank. Their solution doesn’t quite bring you the same savings as T-Mobile’s, but I guess a strong network always makes up for any of the few weaknesses Verizon still has.