Verizon Had A Pretty Good Q1

by Robb Dunewood on April 28, 2008 · 9 comments

You know for a wireless company whose network technology largely unused outside of the U.S. with a subscriber base comprised only of sheep, zealots and peons suffering from FUD generated by the anti-consumer machine who have been fooled into believing that their network is superior to everyone else’s (inside joke), Verizon had a pretty good quarter.

Verizon reported net income today of $1.64 billion, 57 cents a share for Q1 08 compared to Q1 07′s $1.5 billion, 51 cents a share. Total revenue is up 5.5% coming in at $23.83 billion. Even though new-subscriber growth was lower by 12%, 1.3 million of the 1.5 million new Verizon subscribers signed up to long term contracts which was almost twice that of AT&T and that includes AT&T iPhone subscribers.

At the end of the day, I doubt most mobile phone users care or possibly even know what network technology their phone uses. A lot, however, can be said for the strength, perceived or actual, of your network.

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  • Ben P

    Robb you made my day with that.

    I, for one, do care how my network is doing financially and am happy to see it is doing well.

  • Ben P

    …and by made my day… I mean w/the FUD comment….

  • JoAnn

    Great comment. Damn them! :-)

    Still want my GPS though….but I’m a sheeple so GoogleMaps triangulation will have to do.

  • http://gpowered.net Tim Broder

    When the curve comes out, I’ll admit to them doing good ;-)

  • Roger

    Ben you need to get a life.

  • bluehorseshoe

    Haven’t heard that kind of verbiage in a long time. Geez the memories…

  • bluehorseshoe

    Oh…and VZW. We should track the next 2 quarters to see how the Curve impacts sales.

  • JohnnyHeff

    @ Robb

    …are these verizon’s numbers or VZW’s numbers. i should probably look myself, but don’t feel like pulling up the filings.

    either way, its good to know that us sheep can count for something. i guess there are more of us than most would like to admit.

  • Annoyed with annoyed & curvee

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