Consensus right now is that iPhone growth is slowing, but that didn’t stop Verizon by growing iPhone activations by 44 percent in the last quarter, beating estimates of activated iPhones by as much as half a million.
According to The Wall Street Journal, Q2 was another iPhone-centric quarter for Verizon, with the iPhone responsible for more than half of Verizon’s sales.
Year over year, Apple managed to grow revenue by 4.3 percent, or $29.8 billion in Q2. Most of that comes from the postpaid subscribers: 941,000 new postpaid subscribers over all. Considering postpaid subscribers are the most lucrative, that’s impressive growth.
There’s still more room to grow too. According to Verizon, smartphone penetration is still just 64%. A Budget iPhone released later this year could help make a dent in that additional 36%.
- Source The Wall Street Journal