Verizon CFO confirms iPhone 5 will be Dual Network
Verizon finally gave us some real information announcing they have sold 2.2million iPhones in their 2011 First Quarter Sales Report. We also got huge details about the iPhone5. A Verizon CFO let slip that the iPhone 5 will be a "Global Device", meaning it will work with both Verizon and AT&T. There was
Verizon crushed Wall Street expectations with $3.26 billion in profit with revenue reaching nearly $27 billion. Revenue is up 10% from last year. Revenue is expected to increase as 4G smartphones are becoming much more readily available. Wireline (non-wireless) revenue was down 2.22% from last year. Verizon's first batch of the new 4G phone, the HTC Thunderbolt sold 260,000 phones. While this is a good number, it's nowhere near the sales of the iPhone.
Verizon crushed Wall Street expectations with $3.26 billion in profit with revenue reaching nearly $27 billion. Revenue is up 10% from last year. Revenue is expected to increase as 4G smartphones are becoming much more readily available. Wireline (non-wireless) revenue was down 2.22% from last year. Verizon's first batch of the new 4G phone, the HTC Thunderbolt sold 260,000 phones. While this is a good number, it's nowhere near the sales of the iPhone.
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