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

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http://www.talkandroid.com – 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% smartpho (IT news)

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Submitted by Androidboy on 01/23/2013 – Made popular on 01/23/2013

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