During a conference call with investors and the media, Verizon CFO Fran Shammo revealed that the carrier activated 7.5 million smartphones in Q2, adding that 27 percent of those activations were new Verizon subscribers. He also added that 3.8 million of this 7.5 million smartphones activated were accounted for by iPhones. However, he did not reveal exactly how many iPhone 5, iPhone 4S and iPhone 4 units were sold to achieve this total. This translated in to a 41 percent year over year iPhone activations growth at Verizon.
This is certainly good news for Verizon, because when compared to Q2 2012, the carrier activated nearly 2.7 million iPhones whereas Android activatations stood at over 2.9 million. Recently it was reported that Verizon’s three year purchase agreement with Apple is due to end this year, and that the carrier may end up owing Apple $14 billion as iPhone sales slow down. Apple probably won’t let Verizon off the hook easily, seeing as how it has similar agreements with other carriers around the world as well. Bending the rules for Verizon would set a bad precedent. iPhone sales are expected to climb in the following quarter as Apple releases iPhone 5S and quite possibly a low cost iPhone as well.RELATED