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Remember the good old days when we’d all speculate about how the then-mythical Verizon iPhone would pretty much bury poor old AT&T? That hasn’t come to pass six months after Big Red got their hands on Apple’s iconic handset, and they’re selling less units than their once-doomed rival as well.
Verizon Wireless has announced their Q2 2011 financial results on the heels of rival AT&T on Thursday. While their overall growth is better (2.8 percent versus AT&T’s 2.2 percent) with revenues of $27.5 billion, the carrier isn’t pushing quite as many iPhones out the door as their rival, activating 2.3 million iPhone 4 units in the last three months compared to 3.6 million for Ma Bell.
That amounts to essentially flat growth for Verizon’s iPhone, having activated 2.2 million of the handsets in the quarter prior. Some could argue that AT&T has the upper hand thanks to the previous-generation iPhone 3GS, which has recently been practically given away by the carrier for a mere $9 with two-year contract -- but there’s no hard evidence to support that the 3GS is capable of selling 1.3 million units in the last quarter, more than two years after its introduction.
In addition to their quarterly earnings report, Verizon also issued a separate statement to announce that CEO Ivan Sandberg will be stepping down from his post on August 1, replaced by COO Lowell McAdam. According to 9to5Mac, Sandberg will retain his position as chairman of the board and the move is “part of Verizon’s CEO succession process under way since 2010.”
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(Image courtesy of 9to5Mac)