updated 01:07 pm EDT, Thu July 19, 2012
Sales of iPhones drop ahead of expected new version
Verizon Wireless has revealed more information regarding its phone sales for the second quarter. In an investor conference call, Chief financial officer Fran Shammo noted that 2.7 million iPhones were sold over the three-month span, falling below the 2.9 million Android-based smartphone shipments but maintaining an edge over the 2.5 million 4G LTE-enabled devices. An analyst recently claimed the iPhone was no longer Verizon's bestselling smartphone, losing its position to the Motorola Droid Razr Maxx.
iPhone sales are marginally higher than the 2.3 million sold in the same period last year, but lag far behind the peak of 3.2 million from the first quarter this year. The falloff is likely due in part to customers expecting a new iteration of Apple's iconic handset, which is rumored to have a thinner display. Apple is expected to maintain the release schedule from the iPhone 4S, suggesting the sixth-generation edition could be on its way in October, however the company has yet to officially confirm any details.
According to Shammo, a quarter of iPhone sales in the quarter were from new Verizon Wireless customers. In comparison, only a fifth of customers buying 4G LTE phones were new subscribers.
In the original earnings report released earlier today, Verizon revealed that 50 percent of its subscriber base used smartphones of some description, up from 47 percent in the first quarter. Revenues for the Wireless division totaled $15.8 billion, and data revenues rose by $1.1 billion year-over-year to reach $6.9 billion. [via Apple Insider]