Verizon has been a bit of a dick about unlimited data and the iPhone 5. First, they told customers that they’d need to pay full price for the iPhone 5 if they wanted to keep their unlimited data plans; now, they are telling customers that they shouldn’t care about unlimited data anyway, because unlimited “is just a word.”
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Verizon Wireless swung to a $2 billion loss, despite higher data revenue and doubled iPhone sales. Increased interest in the Apple smartphone was a double-edged sword. Higher iPhone demand resulted in steeper subsidies paid by the second-largest domestic carrier during the fourth quarter.
Just how important is the iPhone to U.S. carriers? Verizon’s financial chief provided some insight Wednesday, announcing the provider sold 4.2 million Apple smartphones during the holiday fourth quarter. While the October launch of the iPhone 4S likely spurred many of those purchases, the cost is a smaller profit in exchange for hefty data contracts and a piece of the Apple halo.
Verizon’s Chief Financial Officer has confirmed that whenever the next iPhone debuts, it’ll be a true world phone, capable of operating on both CDMA and GSM networks with the same hardware. One handset to rule them all.