Verizon adds over 1.5 million new customers in Q3 2014
Verizon has reported their Q3 2014 financial results, and things seem to be as they should be. There weren’t any new records broken this go ’round like Verizon seems to do every quarter, but they did enjoy steady growth in a couple of different areas. One of those areas is the addition of 1.53 million new retail connections, 1.52 million of which were postpaid accounts.
Phones accounted for just 457,000 of that, while tablets saw huge growth at 1.1 million additions. In all, smartphones accounted for 77% of Verizon’s connections which is no small feat. That brings Verizon’s total up to 106.2 million, with the only other carrier being able to come remotely close being AT&T.
Verizon also recorded an uptick in revenue of 4.3% to $31.6 billion compared to the same quarter a year ago. Wireless was responsible for $21.8 billion of that, and it enjoyed growth of 7%.
The numbers aren’t eye-popping by Verizon’s standards, but good enough to confirm that they’re doing enough right to keep the arrow pointing upward (even if most of that “right” is in sheer network quality opposed to value and customer service).