Verizon Wireless CFO Fran Shammo revealed that the carrier activated a record 4.2 million Apple iPhones during the holiday season. The largest carrier in the United States set another record, as the company turned on service for 2.2 million LTE devices in the fourth quarter.
Verizon barely missed its lofty goal of 11 million iPhones sold in 2011 by only a few thousand, ending the year with 10.7 million sold. This was the highest number of activations since the company first rolled out LTE in late 2010. The spike in activations would likely suggest the double data promotion Big Red ran for its LTE devices during the holidays was a major success. With the release of Motorola’s Droid Razr, the HTC Rezound, and the Samsung Galaxy Nexus, customers had really great choices to choose from.
All in all, Verizon’s fourth quarter was very successful when it came to pushing out LTE handsets to new customers. Still, the company expects to report that service margins will be down 5 to 6 percent from the previous quarter. Regardless, it’s hard to ignore the juggernaut that is Verizon Wireless, as the company hovers around 200 million paid subscribers.
[via Mobile Burn]