Verizon becomes nation’s largest LTE network in Q2 by selling 2.9 million Android devices
Much of that growth was thanks to customers purchasing smartphones. For the first time in company history, over half of subscribers own a smartphone. Smartphone penetration reached 50 percent in Q2 2012, up from 36 percent in 2011.
Verizon sold five.9 million smartphones in the quarter, two.9 million of which were Android devices. That’s up from the two.3 million sold in the work of the same period last year.
Verizon Wireless had an excellent Q2 2012 based on quarterly earnings reported today. The wireless unit generated $28.6 billion dollars, a three.7 percent year over year increase.
The popularity of Android rings, or “Droids” as Verizon CFO Fran Shammo called them, continued the uptick in sales. About two.5 million of the two.9 million Android rings sold were LTE capable. The rollout of 4G LTE, which now covers 75 percent of the U.S. population, was another giant win for the company. Available in over 330 markets, Verizon has more LTE coverage than all other carriers combined. The carrier says it’s on track to have its current 3G network to have LTE coverage by this time next year.
In the work of it’s earnings call, Verizon claimed that customers actually need their new Share Everything designs. While I’m sure there’s some on giant relatives designs who benefit, that’s unlikely to be the case for individual users. Still, Shammo said that response has been positive. (Keep in mind that these designs have only been available for less than a month, so there’s no actual way to make realistic assertions on response.)
“Early feedback has been great and our customer adoption is tracking with our expectations. We are seeing a wide variety of customers and family share accounts opting into Share Everything, including existing smartphone customers with unlimited data plans.”
- Fran Shammo, Verizon CFO
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