Verizon Beats Estimates On iPhone Activations
Verizon’s iPhone activations in Q2 this year grew 44 percent to reach 3.9 million, beating analyst predictions of 3.5 million. The iPhone continued to be responsible for more than half of Verizon’s sales. Overall smartphone penetration increased from 50 percent last year to 64 percent this year …
This quarter’s iPhone sales are particularly intriguing. Normally, iPhone US sales are indicative of total sales (which are to be announced on the 24th) but this relationship doesn’t apply anymore. The iPhone is selling disproportionately well in the US compared to other markets, namely Europe and Asia.