5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

VZW Posts Record 4Q iPhone Sales, But Profits Suffer

By Staff Author | January 5, 2012

Verizon CFO Fran Shammo said Wednesday that the company sold a record 4.2 million iPhones in the fourth quarter, but its success came at a cost.

The strong sales of the device – more than double the 2 million Verizon Wireless sold during the third quarter – are expected to take a chunk out of the operator’s fourth-quarter profits, which will be announced in full on Jan. 24. 

“Given the volume, we’re going to see a 500 to 600 basis point decrease in wireless margins in the fourth quarter,” Shammo said during an interview at the Citibank Global Entertainment, Media & Telecommunications Conference in San Francisco yesterday.

Verizon Wireless’ operating income margin was 29 percent during the third quarter.

Shammo said that Verizon also sold about 2.2 million LTE devices during the fourth quarter. Costly subsidies on those gadgets also contributed to the impact on profits.

Verizon Wireless, AT&T and Sprint Nextel got Apple’s new iPhone 4S in October. Pent-up demand for the popular smartphone resulted in a fourth-quarter sales surge during the already busy holiday shopping season.

Shammo said Verizon still had a backlog of 120,000 iPhones on Dec. 31. Strong sales of the device during the last three months of 2011 brought Verizon “extremely close” to its target of selling 11 million iPhones during 2011, he said.

Verizon first began selling the iPhone last February, putting an end to AT&T’s four-year exclusive hold on the device.


Filed Under: Carriers, Devices

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

High-directivity couplers optimized for 225 – 750 MHz applications
Integrated into IoT devices, iSIM poised to make inroads
Triple-radio and multiprotocol MCUs add application processors
5G vectors
How RedCap fits into 5G and IoT

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World