Verizon sold 15M Android phones, nearly 11M iPhones in 2011

Verizon announced during its earnings call today that 15 million Android phones were activated and nearly 11 million iPhones were sold. This news comes after the largest wireless carrier in the United States activated a record of over 4 million iPhones in the fourth quarter.
Apparently these numbers weren’t too impressive as investors punished the company’s stock because costs associated with offering the iOS handset weighed heavily on Big Red’s earnings. Verizon pays a subsidy for iPhone ending up around $400, but the company makes that money back from consumers signing into a two-year contract. This is standard practice for all cell phone providers, as they give customers a “discounted” pr... »read more

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