Verizon did not have a great 2009, but their last quarter looked very promising. The cell phone carrier could see its fortunes change for the better today if Apple announces them as a provider for the rumored tablet PC or even a iPhone 4G. However, Verizon’s end goal is with its wireless data.
Verizon announced that they are to axe another 13,000 jobs in 2010; this is very similar to the numbers over the past two years. The cell phone carrier has reported a loss of $653 for 2009 that accounts to 23 cents per share. Compare that to the year before where they reported a profit of $1.23bn, or 43 cents.
Looking at the numbers, Rethink Wireless said that it was the Wireless side of the business side that performed the best for Verizon; this was thanks to a new lineup of smartphones, such as the Motorola Droid. If the carrier gets the iPhone in the coming months, then the coming months will be as good if not better than the past three.
Verizon are certainly in a better position than they was last year, we are certain that there will be many more Android powered smartphones to come, all of which will want to use Verizon mobile data network, the new iPhone will just be the icing on the cake and what a big lump of icing that will be.
In the last quarter Verizon added 2.2 million net subscribers, 1.2 million were postpaid with the other 1 million being wholesale. As of the end of 2009, Verizon had 91.2 million mobile users. For further details on this visit Rethink Wireless.
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