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Verizon Nets 5.3% Rise in Q1 Profits, High-Fives Alltel

By: , IntoMobile
Monday, April 27th, 2009 at 9:46 AM

Verizon has posted some uncharacteristically rosy first quarter results, claiming a 5.3% raise in profits to $3.21 billion; even without Alltel, they would have enjoyed 3.3% growth. Revenues alone were up 11.6 percent to $26.6 billion, and Verizon now counts 86.6 million customers, which is up of 28.8% since last year. If Verizon can actually get their hands on an LTE iPhone in 2010, they’re in a pretty sweet spot, but in the meantime, 2009 should be interesting enough if that swivelling Nokia handset or keyboard-morphing Alias2 come to fruition. Now, to the real question: is Verizon the gorilla or the shark?

[Verizon via Cellular-News]

About The Author

Simon Sage

Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.