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Verizon Profits Fall, Adds 1.1 Million Subscribers |
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Verizon Profits Fall, Adds 1.1 Million Subscribers
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By Allen Tsai | Mon Jul 27, 2009 6:31 am |
Verizon, the nation's largest wireless carrier, said its second-quarter profit fell 21 percent but demand for mobile phones were holding up well in the recession.
The company said its second-quarter profit dropped to $3.16 billion from $3.4 billion in the same quarter a year earlier.It added 1.1 million customers in the quarter for a total of 87.7 million subscribers -- ahead of rival AT&T's 79.6 million. AT&T added more customers in the quarter -- 1.37 million -- as Apple's iPhone continued to be a top choice for consumers willing to spend a premium on wireless service.
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Tue Feb 07, 2012 2:31 pm | By
Verizon plans to sell the Motorola Droid 4, its flagship Android 4G device, on February 10 for $200 with a two-year contract.
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Tue Feb 07, 2012 11:49 am | By
Verizon plans to offer a "double-data" promotion, as the carrier attempts to boost its 4G LTE network.
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Mon Feb 06, 2012 1:33 pm | By
Verizon and Redbox plan to launch an online media-streaming service, forging a partnership to compete in the crowded field of digital content delivery.
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Wed Feb 01, 2012 4:22 pm | By
Verizon and Comcast are preparing for a Senate inquiry into their pending spectrum deal, as regulators monitor talks for precious airwaves.
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Tue Jan 24, 2012 1:58 pm | By
Verizon is staking its earnings on data services, despite slumping margins from discounted iPhone sales.
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More Phones: Verizon |
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Editorials & Opinion
By Janet Maragioglio
Mobile devices increasingly diagnose and manage disease, putting them under the watchful eye of federal regulators, who could slow the pace of innovation.
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