According to Verizon, there has been an overall increase in profit through 2013’s second quarter. I’m assuming this has something to do with their Share Everything plan that cut unlimited data and forced people to spend more per GB of data.
As highlighted by Android Central, here are some of the main points of Verizon’s earnings release:
- Revenues of $20 billion for the quarter, up 7.5-percent year-over-year
- Service revenues accounted for $17.1 billion of that, up 8.3-percent y-o-y
- ARPA (Avg Revenue Per Account) was $152.50 per month, up 6.4-percent
- Operating income margin of 32.4-percent, up 1.6-perecentage points
- 941,000 net postpaid customer additions
- In total, 100.1 million retail connections, up 6.3-percent
Looks like Verizon is obviously on the up so far this year. Also, Verizon mentioned that its 4G LTE market now covers 301 million people in 500 markets! Android Central noted that this means their 4G LTE footprint covers nearly 99 percent of its 3G footprint.