Verizon posts record breaking number of subscribers and LTE growth with a $4.23 billion loss in Q4

Yep, you read that right. Despite having a record breaking 2.1 million subscribers for Big Red in Q4 2012, totaling over 98 million customers, Verizon posted a $4.23 billion loss. Now, losing a few billion dollars is never a good thing, of course, but Verizon is a postpaid wireless carrier, so most of their profit comes over the two-year contracts customers sign to purchase their heavily subsidized phones, so this is certainly not the end of the world for them. And the best part of this report is that we get a peek at smartphone trends.

Verizon’s subscriber base is now 58% smartphone users, up from 53%, and 87% of their 9.8 million sales in Q4 were smartphones. How many of those were LTE phones, you may be wondering? Right around 7.3 million, putting LTE devices in the hands of 23% of its customers, which is great news for LTE adoption. (hopefully we’ll see some other carriers pick up the pace and follow suit) Now, unfortunately for our little green friend, only 3.6 million of those 9.8 million phones were running Android, which coincides with some of that market share turmoil we’ve seen in the past few months. Android is still doing just fine worldwide, anyway.

source: The Verge

About the Author: Jared Peters

Born in southern Alabama, Jared spends his working time selling phones and his spare time writing about them. The Android enthusiasm started with the original Motorola Droid, but the tech enthusiasm currently covers just about everything. He likes PC gaming, Lenovo's Moto Z line, and a good productivity app.

  • Richard Yarrell

    Straight like that Verizon is useless. Piss poor slow bogged down lte with crappy battery life and pitiful bloatware infested devices.

    • metaldroid

      Galaxy Note II on VZW in St Louis area, never without 4g and consistently pull 20+megs at least, wherever I go. Use it for work 12+ hours a day and I go home with 20-30% battery left. I have an 80 mile daily commute one way to Columbia Mo, where I still enjoy 4g and no dropped calls. Idk how much more I could ask for?

    • squiddy20

      “pitiful bloatware infested devices.” This coming from the idiot who had a Galaxy Nexus (which only had 2 Verizon apps put on it), and who now owns a Note 2 (which has at least 3 times the amount of crapware on it). Yeah, you certainly know what you’re talking about :rollseyes

  • M42

    Two words describe the Verizon experience: dropped calls