News by Dan Seifert on Wednesday January 04, 2012.
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Speaking at a mobile conference in San Francisco, Verizon Wireless CFO Fran Shammo has revealed that the carrier activated a record 4.2 million Apple iPhones during Q4 2011, which covered the holiday shopping season. In addition to the large number of iPhones, Big Red turned on service for 2.2 million LTE devices in the quarter - another record.
Verizon had set a goal of 11 million iPhones sold in 2011, and it just missed that, ending the year with 10.7 million sold. The 2.2 million LTE devices activated are by far the most for any single quarter since Verizon started offering LTE service in late 2010.
Verizon's push to move customers to 4G LTE service with its double data promotion likely helped bolster the sales of the LTE devices. The quarter also saw the release of top-tier 4G LTE smartphones such as the HTC Rezound, Motorola DROID RAZR, and the Google Galaxy Nexus at the tail end of the quarter.
Despite the success of the iPhone and 4G LTE devices, Verizon says that service margins will be down 5 to 6 percent from the previous quarter. We should learn more about Verizon's fourth quarter performance in a few weeks when it releases its full financial report. [via Fierce Wireless]
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.