Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Mobile Tech
Tame your scariest paperwork. Find Out How
Average Rating:
Rate this article:  
Verizon Boasts Strong Earnings, Hints at Windows as
Verizon Boasts Strong Earnings, Hints at Windows as 'Third Ecosystem'

By Adam Dickter
April 19, 2012 2:43PM

    Bookmark and Share
"We created the Android platform from the beginning and it is an incredible platform today that we helped to create, and we are looking to do the same thing with a third ecosystem," said Verizon CFO Fran Shammo. Analysts said the Verizon CFO was almost surely referring to Windows Phones. Verizon carries no Nokia phones currently.
 


With strong sales in its wireless and FiOS business, Verizon Communications on Thursday boasted a 15.7 percent growth in earnings per share for the first quarter, with a $922 million increase in cash flow from the same quarter of 2011.

Revenue from Verizon Wireless, which the company owns jointly with Vodafone Group Plc of the United Kingdom, rose 7.7 percent, with income from data plans up 21.1 percent and 734,000 retail net customer additions, including 501,000 postpaid billing customers. The carrier now has 93 million retail customers, maintaining its dominance of the U.S. market.

Landlines Dropping Fast

Subscriptions to FiOS fiber optic services grew by 193,000 Internet customers and 180,000 TV customers, while 104,000 more customers signed up for non-FiOS broadband connections. More than 5 million people now access the Internet via FiOS, the company said. Voice connections for homes and business, however, fell 6.9 percent year over year and 20.1 percent quarter-to-quarter as more people give up their landlines for mobile phones.

"We built momentum coming out of 2011, and our results show that we continue to execute in the key growth areas of our business," said Lowell McAdam, Verizon Communications' chairman and CEO. "Verizon Wireless produced both great growth and great margins, and we produced another strong quarter of FiOS growth. We are confident we will improve Wireline margins for the full year."

Verizon Wireless is investing substantially in its high-speed, long-term evolution data network, which as of today is available in 230 markets across the country, and it has benefited from its wide range of phones powered by Google's Android, the leading operating system in the market, as well as Apple's iPhone.

In a conference call with reporters Thursday, Verizon Communications CFO Fran Shammo said that more than half of the 6.2 million smartphones sold by Verizon Wireless in the first quarter were iPhones, or 3.2 million units.

But he suggested the carrier was ready to join AT&T in embracing Microsoft's Windows Phone 7 devices. Currently Verizon carries only the HTC Trophy, and has not yet added a Windows device made by Nokia, even as AT&T promotes its brand new Lumia 900 to the hilt.

Third Ecosystem

"We created the Android platform from the beginning and it is an incredible platform today that we helped to create, and we are looking to do the same thing with a third ecosystem," Shammo said, according to The Wall Street Journal.

The "third ecosystem" reference seems to dismiss Research In Motion's BlackBerry devices, which are well-represented on Verizon shelves but have been struggling in the market.

J.D. Power and Associates analyst Kirk D. Parsons told us Verizon is surely keeping a close eye on AT&T's Lumia sales.

"The company has offered Windows-based devices in the past but sales are not on the scale of the other OEM brands," Parsons said. "So I guess it will be a wait-and-see approach to learn from AT&T's launch success, or not."

Parsons noted that Verizon initially embraced Android as a "proxy platform" to compete with AT&T's exclusive offering of the iPhone.
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Mobile Tech
1.   OnePlus One Boasts Android Weapon
2.   Samsung: $2.2B Too Much for Apple
3.   Review: Windows Phone Advances
4.   Microsoft-Nokia Deal Closes this Week
5.   Samsung Data Center Catches Fire


advertisement
BlackBerry Drops T-Mobile After Spat
Moving on to other carriers after snub.
Average Rating:
OnePlus One Boasts Android Weapon
Smartphone could shake up market.
Average Rating:
Samsung: $2.2B Too Much for Apple
Says $38.4M more like it for patents.
Average Rating:


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Top Cyberthreats Exposed by Verizon Report
Beyond Heartbleed, there are cyberthreats vying to take down enterprise networks, corrupt smartphones, and wreak havoc on businesses. Verizon is exposing these threats in a new report.
 
Where Do Web Sites Stand, Post-Heartbleed?
A security firm says the vast majority of Web sites have patched themselves to protect against the Heartbleed bug, but now there are questions raised on the reliability of open-source programs.
 
White House Updating Online Privacy Policy
A new Obama administration privacy policy explains how the government will gather the user data of online visitors to WhiteHouse.gov, mobile apps and social media sites, saying much is in the public domain.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | Small Business | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.