Verizon CEO 'assumed' Apple would release new iPhone in early summer

Posted:
in iPhone edited January 2014
Showing that Apple keeps its partners in the dark along with the rest of the outside world, Verizon's chief executive revealed on Friday that his company believed Apple would release a new iPhone early in the summer as usual.



Lowell McAdam spoke with CNBC on Friday, and explained that his company believed Apple would release a new iPhone in the June-July timeframe, as it has done in years past. The comments suggest that Apple did not reveal any plans about its anticipated next-generation handset with one of its largest partners.



"We had assumed that we would see an iPhone early in the summertime as it's been usually, and that's going to be a little bit later in the year now," McAdam said. "We replaced that with very strong LTE device growth. Nobody thought we would have LTE devices; we have nine of them in the market now. (We have a) very strong lineup for the fourth quarter now."



Verizon announced during its quarterly earnings call this morning that McAdam would take over the CEO position from Ivan Seidenberg, who will stay with the company as chairman. The company also revealed that it activated 2.3 million iPhone 4 units during the three-month span, a number that was 1.3 million less than rival AT&T.



Verizon's partnership with Apple began late last year, when the carrier began selling Apple's Wi-Fi-only iPad bundled with its own MiFi Intelligent Hotspot for 3G data connectivity on the go. Since then, Verizon has also begun selling the iPhone, Apple's most popular product.



Since its partnership with Apple began, Verizon has been the source of numerous Apple-related leaks. In January, when the Verizon iPhone was announced, the company's chief financial officer said that Apple's next iPad would feature an integrated CDMA radio. An iPad 2 model compatible with Verizon's network launched a few months later in February.







The company's CFO, Fran Shammo, also revealed that both Verizon and AT&T will launch Apple's fifth-generation iPhone at the same time. Some had questioned whether a Verizon "iPhone 5" would be introduced at a later date, given the recent introduction of the iPhone 4.



Shammo also suggested in April that Apple's fifth-generation iPhone could be a GSM-CDMA world phone, compatible with both the Verizon and AT&T networks in the U.S. That would allow Apple to manufacture one device, rather than two separate hardware versions for the two competing carriers.
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Comments

  • Reply 1 of 57
    gatorguygatorguy Posts: 20,579member
    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals
  • Reply 2 of 57
    island hermitisland hermit Posts: 6,217member
    Quote:
    Originally Posted by Gatorguy View Post


    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals



    With Apple having 20.3 million sales under its belt for the last quarter I'm guessing that McAdam is the only one who's disappointed with iPhone sales.
  • Reply 3 of 57
    quinneyquinney Posts: 2,525member
    Quote:
    Originally Posted by Gatorguy View Post


    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals



    The author of the linked article apparently saw it differently when he/she wrote:



    "Not that Verizon is disappointed with iPhone sales since the company in February became the second carrier (after AT&T) to sell the Apple smartphone. In less than six months Verizon has activated 4.5 million iPhones, including 2.3 million in the second quarter, which ended June 30."
  • Reply 4 of 57
    jeffdmjeffdm Posts: 12,946member
    I wonder if that is within Apple's control. By the scuttlebutt I've heard, a lot of electronics and components from Japan have supply constraints, and it affected a lot of product introductions.
  • Reply 5 of 57
    addicted44addicted44 Posts: 822member
    Quote:
    Originally Posted by Gatorguy View Post


    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals



    Wow GatorGuy...you have taken trolling to a new level with outright fabrications. The real quote from the article is:



    Quote:

    Not that Verizon is disappointed with iPhone sales since the company in February became the second carrier (after AT&T) to sell the Apple smartphone. In less than six months Verizon has activated 4.5 million iPhones, including 2.3 million in the second quarter, which ended June 30.



    In other words, Verizon is NOT disappointed with sales...
  • Reply 6 of 57
    dasanman69dasanman69 Posts: 12,980member
    Umm didn't we all?
  • Reply 7 of 57
    q2hq2h Posts: 18member
    Quote:
    Originally Posted by dasanman69 View Post


    Umm didn't we all?



    I know I did. \
  • Reply 8 of 57
    anantksundaramanantksundaram Posts: 19,149member
    I dunno, but maybe he should start reading something like AI.



    Do these folks live in a bubble!?
  • Reply 9 of 57
    newbeenewbee Posts: 2,055member
    Quote:
    Originally Posted by Gatorguy View Post


    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals



    From your erroneous quote .... (how did you manage to f*ck up a quote/) .... one can only assume that you have zero reading/understanding skills .... or you derive some $$$$ from driving hits to that particular website ..... so, which is it ???
  • Reply 10 of 57
    anantksundaramanantksundaram Posts: 19,149member
    Quote:
    Originally Posted by addicted44 View Post


    Wow GatorGuy...you have taken trolling to a new level with outright fabrications.



    Along with a couple of others here, he's just shameless and relentless.



    He'll be back with the next bit of negative spin before you know it.....
  • Reply 11 of 57
    cameronjcameronj Posts: 2,357member
    Now Mr. CEO, what happens when we assume? Maybe he should have asked? Or gotten something in writing? Nah.....



    It's cool, he'll be much happier when the new model comes out and all will be forgiven.
  • Reply 12 of 57
    gatorguygatorguy Posts: 20,579member
    Ah, sorry. Read too many articles today on too many subjects. Try this link, from USA Today, for the claim that Verizon is disappointed in the iPhone sales so far.



    http://www.usatoday.com/money/compan...earnings_n.htm



    Quote:

    "McAdam said iPhone sales haven't quite been as good as the company expected, chiefly because it believed a new iPhone model would arrive this summer, as it usually does. Apple hasn't said why there's no new phone yet."



    Another article, which escapes me at the moment, indicated the exact words McAdams used was "somewhat disappointed".



    Keep in mind that Verizon projected upwards of 13M iPhones sold this calendar year (I think), so the fewer than 5 million sold so far puts a lot of pressure on management from the investors.
  • Reply 13 of 57
    shobizshobiz Posts: 207member
    Well, VZ welcome to the lack of information AT&T has been dealing with since 2007.
  • Reply 14 of 57
    8002580025 Posts: 172member
    Quote:
    Originally Posted by Gatorguy View Post


    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals





    Once again it's time to remind the carriers that the hardware (in this case the iPhone) is separate from the carrier. While customers may choose the iPhone, some have also chosen NOT to use Verzion. Perhaps it's the Verzion service and/or pricing that's a disappointment and not the iPhone itself.



    Does his statement also imply that the carrier is relying on a separate and distinct hardware manufactured to boost the carrier's sales?



    Lastly, it would seem that unless Apple is contractually required to notify it's "partners" of any and all proposed hardware releases, why would Lowell expect them to. Or is Verzion riding on the coattails of Apple's success?
  • Reply 15 of 57
    gatorguygatorguy Posts: 20,579member
    Quote:
    Originally Posted by 80025 View Post


    Once again it's time to remind the carriers that the hardware (in this case the iPhone) is separate from the carrier. While customers may choose the iPhone, some have also chosen NOT to use Verzion. Perhaps it's the Verzion service and/or pricing that's a disappointment and not the iPhone itself.



    And note that Apple has no reason at all to be disappointed. They sold 20 million iPhones. It's not their fault that Verizon could only turn a bit more than 10% of those. But if between ATT and Verizon they activated around 6 million iPhones, that means a whole lotta them went overseas doesn't it? Or do phones purchased at an Apple Store (yet activated w/Verizon or ATT) not count in the carrier's stated figures?
  • Reply 16 of 57
    cloudgazercloudgazer Posts: 2,161member
    Quote:
    Originally Posted by Gatorguy View Post


    And note that Apple has no reason at all to be disappointed. They sold 20 million iPhones. It's not their fault that Verizon could only turn a bit more than 10% of those. But if between ATT and Verizon they activated around 6 million iPhones, that means a whole lotta them went overseas doesn't it? Or do phones purchased at an Apple Store (yet activated w/Verizon or ATT) not count in the carrier's stated figures?



    They should count to the carrier figures, once they get activated. There have been rumours that the CDMA phone wasn't selling as well as expected before this.



    http://www.macstories.net/news/apple...ing-low-sales/
  • Reply 17 of 57
    sheffsheff Posts: 1,407member
    McN00b.
  • Reply 18 of 57
    charlitunacharlituna Posts: 7,215member
    Quote:
    Originally Posted by JeffDM View Post


    I wonder if that is within Apple's control. By the scuttlebutt I've heard, a lot of electronics and components from Japan have supply constraints, and it affected a lot of product introductions.



    Yep. That is probably the main reason they had issues with ipad 2 stock and a major reason why they pushed the iphone launch to later in the summer.
  • Reply 19 of 57
    realisticrealistic Posts: 1,139member
    Quote:
    Originally Posted by Gatorguy View Post


    McAdam reportedly also indicated Verizon was "somewhat disappointed" in iPhone sales.

    http://www.itworld.com/mobile-wirele...artphone-goals





    What a troll Gatorguy is
    , nowhere within his own link does it say that Verizon was or is disappointed.
  • Reply 20 of 57
    gatorguygatorguy Posts: 20,579member
    Realistic, you're right that my original link was the incorrect one. Continue to post 13 where I reference the correct link where USA Today writes "McAdam said iPhone sales haven't quite been as good as the company expected. . . "



    http://www.usatoday.com/money/compan...earnings_n.htm



    You're welcome.
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