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Apple's iPhone accounted for 4M of Verizon's 7.2M total Q1 smartphones

post #1 of 41
Thread Starter 
With 7.2 million total smartphones activated in Verizon's first fiscal quarter, the iPhone accounted for more than half, with 4 million total Apple handsets activated in the three-month span.

Verizon


In a conference call revealing its quarterly earnings on Thursday, Verizon revealed that roughly half of the 4 million iPhone units activated were 4G LTE devices. Since the iPhone 5 is the only 4G LTE capable phone from Apple, that means Verizon activated about 2 million iPhone 5 units.

Apple's 55 percent share of Verizon smartphones in the quarter was down from the nearly two-thirds of activations the iPhone took during the previous holiday quarter. The drop is no surprise, though, as the previous quarter included the much-hyped launch of the iPhone 5, as well as corresponding price cuts for the legacy iPhone 4S and iPhone 4.

But the iPhone 5's share of total iPhone activations at Verizon remained unchanged, representing about half of all Apple smartphones at the nation's largest carrier. In the holiday quarter, Verizon activated 9.8 million total smartphones, with 6.2 million of those iPhones, and about 3.1 million the iPhone 5.

The latest data from Verizon shows that although there is growing concern that Apple could be losing steam in the face of rivals such as Samsung, the iPhone still accounts for more than half of all smartphone sales in the U.S. at the two largest major carrier partners. Last quarter, the iPhone represented 84 percent of all smartphone activations at AT&T.

For the quarter, Verizon reported earnings of 68 cents per share on revenue of $29.4 billion, representing 15 percent year over year growth. Of the 7.2 million smartphones activated in the quarter, 5.9 million of those were 4G LTE devices.

"Verizon is off to an excellent start in 2013,? said Lowell McAdam, Verizon chairman and CEO. "Our strategic investments in wireless, wireline and global networks have given us the platforms to sustain momentum and take advantage of growth opportunities in key markets for broadband, video and cloud services. With ongoing improvements in operating efficiency, we expect continued growth in free cash flow and earnings as we move through the year."
post #2 of 41

More good news. The shares should hit 300 soon.

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post #3 of 41

So 4 million of 7.2 million couldn't give two hoots about a giant sized screen.

 

Another dose of reality for the losers who keep promoting the "big screen" fallacy.

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post #4 of 41
Quote:
Originally Posted by hill60 View Post

So 4 million of 7.2 million couldn't give two hoots about a giant sized screen.

Another dose of reality for the losers who keep promoting the "big screen" fallacy.

It's likely most of those remaining 3.2 million couldn't care about a 5" display either.

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"There is no rule that says the best phones must have the largest screen." ~RoundaboutNow

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post #5 of 41
I think its really amazing that Apple commands over half of their smartphone sales. Considering every promotion and advertisement they do is for Apples Competitors. If you go to their website, there is no indication they even carry the iPhone at all. They promote android phones and even Windows Phones but no Apples. They have a most popular section on their main page they has the Samsung S3 and a bunch of other android and windows phones but the iPhone that sold 55% of their smartphone total is nowhere to be found. If you go to smart phones and scroll down to near the bottom you will find it after Droid, Motorola, LG, and Windows Phones. LOL!!!
post #6 of 41
Quote:
Originally Posted by Ireland View Post

More good news. The shares should hit 300 soon.

I think the investors are more concerned about the Iphone sales outside the U.S. .

post #7 of 41

Thats a 35% Q2Q decline. Last year Verizon sold 3.2 million iphones in the quarter, so it’s a 25% yoy increase. BUT they also sold more Smartphone’s than last year so the iphone yoy increase is to take in a context where more Smartphone’s were sold.

 

If we extrapolate the 35% Q2Q decline to Q1 total numbers we get 31 million iphones for Q2. Last year Apple sold 35 million iphones in Q2 2012, so this would be a 11% YoY decline.

 

I think we will see YoY EPS decline next week, which is expected.  If we take into account the smartphone and tablet markets are growing, this means Apple is on the decline. This is not a surprise to me giving the fact that iOS is lagging in innovation and that the iphone and ipad no longer have an edge over competition.

post #8 of 41

Keep in mind when doing calculations, that activations include previously owned phones being passed down or sold.

 

For AT&T, the used portion of activations has been anywhere from 10 - 20% in the past.  Haven't checked for Verizon.

 

This is important to remember when later trying to correlate quarterly sales figures with activations, or when trying to figure out iPhone demand.

post #9 of 41
Quote:
Originally Posted by SolipsismX View Post


It's likely most of those remaining 3.2 million couldn't care about a 5" display either.

 

 

I dont know about others but Apple has until october 2013 to come out with a bigger screen. At that date I need to change my phone and it will be a "phablet".

post #10 of 41
Quote:
Originally Posted by KDarling View Post

Keep in mind when doing calculations, that activations include previously owned phones being passed down or sold.

For AT&T, the used portion of activations has been anywhere from 10 - 20% in the past.  Haven't checked for Verizon.

This is important to remember when later trying to correlate quarterly sales figures with activations.

1) No one is saying they are all iPhone 5's. This is all a measure of what is happening within a carrier and within Verizon more than 50% are going for a single vendor that Verizon goes out of their way to get you not to choose.

2) Those AT&T numbers (assuming they are accurate0 are unlikely to hold for Verizon. The iPhone only arrived with CDMA and on Verizon in January 2011 so it's been scarcely been over 2 years. Even if we account for only 20 months that leaves a about a half year and only those that bought right away in 2011 that would even be eligible for doing an iPhone 4 hand me down or resale. I don't see how that would possibly account for much when AT&T has had the iPhone since July 2007.

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"There is no rule that says the best phones must have the largest screen." ~RoundaboutNow

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post #11 of 41
Quote:
Originally Posted by herbapou View Post

 

 

I dont know about others but Apple has until october 2013 to come out with a bigger screen. At that date I need to change my phone and it will be a "phablet".

 

 

I think you will be disappointed. Don't get me wrong, I think Apple will come up with a bigger screen phone, but it will not be until it releases the next redesign. APple will not ignore the reality that many people prefer larger screens. Many people seem to use the phone as a general computer replacement. 

post #12 of 41
Quote:
Originally Posted by herbapou View Post


I dont know about others but Apple has until october 2013 to come out with a bigger screen. At that date I need to change my phone and it will be a "phablet".

I, personally, think it could happen. I have no such interest in a super large phone and really no interest in a phablet, but I can see how there would be a market for it.

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post #13 of 41
Quote:
Originally Posted by genovelle View Post

I think its really amazing that Apple commands over half of their smartphone sales. Considering every promotion and advertisement they do is for Apples Competitors. If you go to their website, there is no indication they even carry the iPhone at all. They promote android phones and even Windows Phones but no Apples. They have a most popular section on their main page they has the Samsung S3 and a bunch of other android and windows phones but the iPhone that sold 55% of their smartphone total is nowhere to be found. If you go to smart phones and scroll down to near the bottom you will find it after Droid, Motorola, LG, and Windows Phones. LOL!!!

 

 

I do as well. AT&T also seems to go out of its way to do the same. 

post #14 of 41

Is there something wrong with the math here?

 

Verizon activated 7.2 million smartphones in the quarter according to the article. AI says 4 million of those were iPhones, with roughly half being 4G iPhone 5's. Verizon also reportedly said according to AI that of the 7.2M smartphone activations 5.9M were 4G LTE phones. That only leaves 1.3M total non-4G phones activated during the quarter across all OS's, Android, Blackberry MS and iOS. Yet the AI article surmises that 2 million older 3G iPhones alone were sold which wouldn't be possible (half of the 4 million iPhones activated).

 

Something doesn't add up unless I've misunderstood.

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post #15 of 41
Quote:
Originally Posted by igriv View Post

 

There is no such thing as 3G anymore. That has been rebranded as 4G (vs 4G LTE). The numbers still don't add up.

OOPS! Thanks for the clarification. You're right tho, the numbers still don't add up.

 

Looking at it from another angle. There were 5.9 million 4G LTE activations last quarter and only 2M of those were iPhones . . .????

Somethings not right.


Edited by Gatorguy - 4/18/13 at 6:57am
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post #16 of 41
Originally Posted by KDarling View Post
Keep in mind when doing calculations, that activations include previously owned phones being passed down or sold.

 

For AT&T, the used portion of activations has been anywhere from 10 - 20% in the past.  Haven't checked for Verizon.

 

This is important to remember when later trying to correlate quarterly sales figures with activations, or when trying to figure out iPhone demand.

 

Keep in mind there's only so much damage control you can try to shoehorn into an Apple website before you start grasping at completely pointless straws like this and looking like a moron.

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post #17 of 41
Quote:
Originally Posted by Tallest Skil View Post

Keep in mind there's only so much damage control you can try to shoehorn into an Apple website before you start grasping at completely pointless straws like this and looking like a moron.

 

Activations vs sales applies to every type of phone, iOS, BB, Android, whatever, across the board. It gives no advantage to anyone.  It has nothing to do with any "damage control".  It has to do with helping people calculate. 

 

Quote:

Originally Posted by igriv View Post

There is no such thing as 3G anymore. That has been rebranded as 4G (vs 4G LTE). The numbers still don't add up.

 

Wait. What?  There's still 3G only devices.  Are you thinking of AT&T instead?

 

Quote:
Originally Posted by SolipsismX View Post


1) No one is saying they are all iPhone 5's. This is all a measure of what is happening within a carrier and within Verizon more than 50% are going for a single vendor that Verizon goes out of their way to get you not to choose.

 

You and TS are missing the point in your zealousness to find fault with me or to defend Apple.  Drop the chip from your shoulder and you might find some useful info here.

 

The article makes it sound as if the iPhone 5 only makes up half of iPhone sales (2 million of 4 million activations).    In reality, there were less sales than activations, which means that the iPhone 5 sales were MORE THAN HALF of the actual sales.

 

This is important to know, if you're trying to figure out the popularity of various iPhone models.

post #18 of 41
Quote:
Originally Posted by Gatorguy View Post

Is there something wrong with the math here?

 

Verizon activated 7.2 million smartphones in the quarter according to the article. AI says 4 million of those were iPhones, with roughly half being 4G iPhone 5's. Verizon also reportedly said according to AI that of the 7.2M smartphone activations 5.9M were 4G LTE phones. That only leaves 1.3M total non-4G phones activated during the quarter across all OS's, Android, Blackberry MS and iOS. Yet the AI article surmises that 2 million older 3G iPhones alone were sold which wouldn't be possible (half of the 4 million iPhones activated).

 

Something doesn't add up unless I've misunderstood.

The 5.9M 4G LTE are devices (tablets, mobile hotspot.. etc) not smartphone only.

post #19 of 41
Quote:
Originally Posted by herbapou View Post

Thats a 35% Q2Q decline. Last year Verizon sold 3.2 million iphones in the quarter, so it’s a 25% yoy increase. BUT they also sold more Smartphone’s than last year so the iphone yoy increase is to take in a context where more Smartphone’s were sold.

If we extrapolate the 35% Q2Q decline to Q1 total numbers we get 31 million iphones for Q2. Last year Apple sold 35 million iphones in Q2 2012, so this would be a 11% YoY decline.

I think we will see YoY EPS decline next week, which is expected.  If we take into account the smartphone and tablet markets are growing, this means Apple is on the decline. This is not a surprise to me giving the fact that iOS is lagging in innovation and that the iphone and ipad no longer have an edge over competition.

Laughable. The really important number isn't the totally predictable drop in Q to Q sales, but the unknown number sold for Chinese New Year. Nice try though, lttle troll....
post #20 of 41
Quote:
Originally Posted by Gatorguy View Post

OOPS! Thanks for the clarification. You're right tho, the numbers still don't add up.

Looking at it from another angle. There were 5.9 million 4G LTE activations last quarter and only 2M of those were iPhones . . .????
Somethings not right.

That's only for AT&T following T-Mobile's lead calling HSPA+ '4G', which is now acceptable as '4G' per the ITU-R. There is no reclassification, as far a I know, that EV-DO Rev.1 (or 2) to be called '4G'. I agree that there is something that seems off with the numbers but I have no time to try to find it today.

Quote:
Originally Posted by KDarling View Post

You and TS are missing the point in your zealousness to find fault with me or to defend Apple.  Drop the chip from your shoulder and you might find some useful info here.

The article makes it sound as if the iPhone 5 only makes up half of iPhone sales (2 million of 4 million activations).    In reality, there were less sales than activations, which means that the iPhone 5 sales were MORE THAN HALF of the actual sales.

This is important to know, if you're trying to figure out the popularity of various iPhone models.

Call me crazy, but i you have a specific rebuttal to the article you should quote that portion of the article and then reply to it instead of the sweeping generalization you previously made.

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"There is no rule that says the best phones must have the largest screen." ~RoundaboutNow

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post #21 of 41
Quote:
Originally Posted by NasserAE View Post

The 5.9M 4G LTE are devices (tablets, mobile hotspot.. etc) not smartphone only.

Ah! That makes sense.

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"There is no rule that says the best phones must have the largest screen." ~RoundaboutNow

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post #22 of 41
I hope Apple keeps doing so well that its stock tanks down to $200 a share. Then I'll be going all in to buy shares. Yippee!
post #23 of 41
Quote:
Originally Posted by NasserAE View Post

The 5.9M 4G LTE are devices (tablets, mobile hotspot.. etc) not smartphone only.

Then AI is reporting wrong? From the article:

 

"Of the 7.2 million smartphones activated in the quarter, 5.9 million of those were 4G LTE devices.

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post #24 of 41
Every analyst is going to be very disappointed that Apple only accounts for 55.5% of all smartphone sales in the US.

The stock will surely tank to under $200 a share.

Please, oh please, make this be true.
post #25 of 41
Quote:
Originally Posted by Gatorguy View Post

Then AI is reporting wrong? From the article:

 

"Of the 7.2 million smartphones activated in the quarter, 5.9 million of those were 4G LTE devices.

Come on.. We're talking about AI here. Don't expect everything stated to be 100% accurate.

post #26 of 41
Quote:
Originally Posted by SolipsismX View Post


It's likely most of those remaining 3.2 million couldn't care about a 5" display either.


agreed. large android phones sell so well because there are no decent small android phones.

post #27 of 41

Well, either Apple is an iFraud, or this is being set up to let people who missed out on the run up to 700 have another shot at it.  Fascinating to watch the market at work.

post #28 of 41
Quote:
Originally Posted by herbapou View Post

Thats a 35% Q2Q decline. Last year Verizon sold 3.2 million iphones in the quarter, so it’s a 25% yoy increase. BUT they also sold more Smartphone’s than last year so the iphone yoy increase is to take in a context where more Smartphone’s were sold.

If we extrapolate the 35% Q2Q decline to Q1 total numbers we get 31 million iphones for Q2. Last year Apple sold 35 million iphones in Q2 2012, so this would be a 11% YoY decline.

I think we will see YoY EPS decline next week, which is expected.  If we take into account the smartphone and tablet markets are growing, this means Apple is on the decline. This is not a surprise to me giving the fact that iOS is lagging in innovation and that the iphone and ipad no longer have an edge over competition.


Is this bad math 101? Why not extrapolate the 25% YoY growth to compare similar quarters as well as take into account additional carriers the iPhone is on to increase unit sales? Basically, your method is beyond bad.
post #29 of 41
Quote:
Originally Posted by Gatorguy View Post

Is there something wrong with the math here?

Verizon activated 7.2 million smartphones in the quarter according to the article. AI says 4 million of those were iPhones, with roughly half being 4G iPhone 5's. Verizon also reportedly said according to AI that of the 7.2M smartphone activations 5.9M were 4G LTE phones. That only leaves 1.3M total non-4G phones activated during the quarter across all OS's, Android, Blackberry MS and iOS. Yet the AI article surmises that 2 million older 3G iPhones alone were sold which wouldn't be possible (half of the 4 million iPhones activated).

Something doesn't add up unless I've misunderstood.

What you missed is 5.9 million LTE devices and not phones. Big difference. Numbers add up. Note: AI did not include devices sold.
post #30 of 41
Quote:
Originally Posted by Gatorguy View Post

Then AI is reporting wrong? From the article:

 

"Of the 7.2 million smartphones activated in the quarter, 5.9 million of those were 4G LTE devices.

Maybe AI was reporting correctly what Verizon said?

 

If you look at the chart, Verizon activated 26.3m 4G LTEs in Q1'13 compared to 21.6m in Q4'12 i.e. a dif. = 4.7m 

 

i.e. Verizon activated a total 4.7m 4G LTEs this quarter, of which 2m were iPhone 5s i.e. 42.6% of all 4G LTE phones

 

However the key fact is that Verizon activated a total of 25% more iPhones this year compared to the same period last year i.e. 4m in Q1'13 compared 3.2m in Q1'12.

 

Apple also INCREASED their market share of all Verizon smartphones from 51.6% of 6.2m smartphones activated in Q1'12 to 55.55% in Q1'13.

 

This means that non-iPhone smartphones share of Verizon activations declined YonY from 48.4% to 44.45%  

 

This was despite the fact, as other have pointed out, that Verizon was promoting and pushing everything else but iPhones, which shows the iPhones amazing brand strength.

 

It is also worth noting that iPhones beat Kantar's estimates. They estimated that iPhones took 51.6% of Verizon activations, whereas iPhone actually took nearly 4% more share.

 

Kantar also estimated Windows took 4.1% share of Verizon activations, RIM 0.5% and other 0.2%. So ite appears that Apple may have taken this additional 4% share mostly from Android, which market share has dropped to less than 40%.

post #31 of 41
Quote:
Originally Posted by jdnc123 View Post

Ex-cash P/E of under 5x now, approaching 1/2 of the broad market and the lowest valued large tech company, even lower than some of the PC names, which means the markets think the 'E' is way too overstated and that indeed earnings will see large declines from here.  I'll have to go back a little further, but I think we are at the lowest valuation Apple has ever traded for on that metric as being a public company.  Ladies and gentleman I give you what Tim Cook can deliver....effectively the most hated company on wall street.

I see you continue to lie and make up data. It seems it is all you have left. Back when Jobs ran the company and Apple was a 5 billion market cap company, its PE minus cash position was... Let's say interesting.
post #32 of 41
Quote:
Originally Posted by Sacto Joe View Post


Laughable. The really important number isn't the totally predictable drop in Q to Q sales, but the unknown number sold for Chinese New Year. Nice try though, lttle troll....

 

Last year Apple started selling the 4s in China in january. This time they started in december. China numbers are going to be worst than last year. This will contribube even more to the yoy decline. Unless there is a new market in 2013 we didnt had in 2012, this is not looking good.

 

That being said, I am looking at this trading at 395 right now and its getting pretty cheap *IF* Apple can come up with decent product cycles in the second half of 2013. The problem is I am starting to lose faith in Apple capacity to innovate to a level of wow factor.


Edited by herbapou - 4/18/13 at 9:44am
post #33 of 41
Quote:
Originally Posted by Steven N. View Post


Is this bad math 101? Why not extrapolate the 25% YoY growth to compare similar quarters as well as take into account additional carriers the iPhone is on to increase unit sales? Basically, your method is beyond bad.

 

Because I consider the Q2Q decline to be more accurate for global sales then the Verizon YoY rise because VZ is taking market shares in the carrier business in the US. Look at the numbers next week, if they are near 31 millions I was right if they are near 40 millions you are.

post #34 of 41
Originally Posted by AppleInsider View Post

With 7.2 million total smartphones activated in Verizon's first fiscal quarter, the iPhone accounted for more than half, with 4 million total Apple handsets activated in the three-month span.

 

Winning.

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post #35 of 41
Quote:
Originally Posted by herbapou View Post

 

Because I consider the Q2Q decline to be more accurate for global sales then the Verizon YoY rise because VZ is taking market shares in the carrier business in the US. Look at the numbers next week, if they are near 31 millions I was right if they are near 40 millions you are.

So in other words, really bad assumptions IMO.  I find it odd you see a 25% YoY growth (iPhone to iPhone) and +4% YoY gain on Verizon (from 51% to 55% of smartphones) as a bad thing leading to a 11% decline in YoY sales.

post #36 of 41
Quote:
Originally Posted by igriv View Post

There is no such thing as 3G anymore. That has been rebranded as 4G (vs 4G LTE). The numbers still don't add up.

Yes there is. VZW still sells 3G smartphones.
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post #37 of 41
Quote:
Originally Posted by TBell View Post

 

 

I think you will be disappointed. Don't get me wrong, I think Apple will come up with a bigger screen phone, but it will not be until it releases the next redesign. APple will not ignore the reality that many people prefer larger screens. Many people seem to use the phone as a general computer replacement. 

 

More people prefer the smaller screened iPhone, more people prefer smaller screened (cheaper) Android phones.

 

Large screened phones are the minority.

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post #38 of 41
Quote:
Originally Posted by hill60 View Post

So 4 million of 7.2 million couldn't give two hoots about a giant sized screen.

 

Another dose of reality for the losers who keep promoting the "big screen" fallacy.

Actually much less than that, that's just iPhone vs all other and my guess would be that at least half of those were not Samsung devices.

post #39 of 41
Quote:
Originally Posted by herbapou View Post

 

 

I dont know about others but Apple has until october 2013 to come out with a bigger screen. At that date I need to change my phone and it will be a "phablet".

 

Quote:
Originally Posted by TBell View Post

 

 

I think you will be disappointed. Don't get me wrong, I think Apple will come up with a bigger screen phone, but it will not be until it releases the next redesign. APple will not ignore the reality that many people prefer larger screens. Many people seem to use the phone as a general computer replacement. 

Given the plentitude of leaks, etc. about a cheaper iPhone and a dearth about a larger one, I'm guessing TBell is right.

Which could leave me buying a used older iPhone outright and holding on (or possibly a big used Android to sample the experience) and an iPad mini to tide over to '014.

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post #40 of 41
Quote:
Originally Posted by Gatorguy View Post

Then AI is reporting wrong? From the article:

 

"Of the 7.2 million smartphones activated in the quarter, 5.9 million of those were 4G LTE devices.

 

 

Quote:
Now let’s turn to slide eight and take a look at device sales and our progress in 4G LTE. In the first quarter, we activated 9.7 million postpaid devices, 87% of which were phones. Smartphone activations totaled 7.2 million, and 68% of these were 4G LTE. We activated 4 million iPhones. Half of them are 4G LTE and the other half were 3G.

This is a direct quote from the verizon conference call  transcript which can be found here http://news.yahoo.com/verizon-communications-management-discusses-q1-154710243.html

 

Speaking was Mike Stefanski from Verizons board.

 

Maybe that will clarify some of the confusion?  Note that he says that they activated 9.7 million post paid devices 87% of those were phones.  of that 7.2 million were smart phones and of that number 68% were 4G. of that number 4 million were iPhones, and of that half were 4G the other half by his words were "3G".  

 

Wow what a confusing way to put numbers out lol but that is quoted out of the confrence call.

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