Verizon: 4 million iPhones activated last quarter, up from 3.2

During an investor call this morning, Verizon elaborated on its device activations for the quarter. In Q1, the company says that it activated a total of four million iPhones, half of which were the iPhone 5. That translates into just over 55 percent of all smartphone activations for the quarter. A year ago, Verizon reported 3.2 million iPhone activations.

That’s a 25 percent year over year increase in Verizon sales, for those of you keeping track at home.

  • But haven’t you heard? Apple stopped ordering components and is shuttering its windows! It must be truth — some Chinese supplier said it according to DigiTimes. Apple must be making those 25% more iPhones with fairy dust.

    • tylernol

      how convenient for that to come out the same day as positive news..

    • The chip supplier’s forecast was less than what Wall Street expected. Clearly it is all because of Apple not selling devices. The correlation is as clear as day. /sarcasm

  • I agree with BC 2009…Verizon sales up 25%, lines at T-Mobile for the first time ever for the iPhone 5 introduction, but component suppliers shutting down…obviously some form of ‘reality distortion’ field that Mr. Cook learned at the hands of the master. Apple is doomed.

    • rattyuk

      CNN have just decided to not compare year over year sales and have the headline. Apple sales plummet by 33%.

      You can’t make this shit up. But CNN appear to be able to.

  • Mother Hydra

    Hard to change that default narrative about Apple. DOOM!

  • BGC

    The problem is: Too many iPhones 4(s) make up the sales. I continue to love Apple the company who makes the products I love. I do not see an investment case in Apple anymore. That’s two different things, none of which requires Apple to suck, fail or be doomed in any way.

    • tylernol

      Get a clue, who cares what mix of iPhones Verizon is selling? They all have terrific margins for Apple.

      • BGC

        O thank you sir, but with all due respect – I have a clue. As long as 50% of 10 is less than 50% of 20 the numbers speak for themselves. Please re-read – I’m not saying a bad word about Apple at all, but the underlying valuation base changes and with it the investment case for Apple. As far as their products go – you will see me standing in line for as long as they make products as good as what they make today.

        • The investment case for Apple is that they are going to earn over 10% (close to 13%) of their 4/18/2013 market cap in fiscal 2013 and they earned over 10% of today’s market cap last year. If you look at the current trajectory of the stock price (market cap going downward) and profits and cash-on-hand (going up) they should be able to buy back 100% of their stock in about five years.

          Translation: Apple is a cash-printing machine.

          So if you are correct then in five years Apple should be worth no more in market cap than their liquid assets.

          Meanwhile, Amazon has made $10B in their entire first decade of existence and won’t even earn $1B this year (posting losses or slivers of profits). It would take Amazon a century to earn enough money at their current rate to have assets equal to their market cap. Anybody think Amazon is going to be relevant in 100 years?

          So, I vehemently disagree with your assessment. Companies exist to make money. No company is earning more money than Apple. And people whose predictions imply that the net-worth of Apple in five years will be no more than the sum of its liquid assets are simply wrong.

          • BGC

            This is a very interesting reply – but to whom? None of your assumptions refer to my post or and nothing in my post even implies one single hint for you to come up with your assumptions. If I would have made any of the assumptions you’re replying to, I would have written a response similar to yours myself. Pease allow me to say x% of market cap in earnings is not really meaningful as long as the market cap swings 40% while earnings remain steady. The question is not whether Apple is a money printing machine – I know that as well as you do. The question for an investment case is – will Apple continue to print x% more money yoy or less. But this you know yourself even tho you prefer not to mention it. As far as Amazon is concerned – I don’t invest in Amazn stock. The valuation is scary to even look at and the fundamentals undecypherable to me. I live today, I cannot coment on events 100 years in the future.

  • Meanwhile, Android activations on Verizon have been flat for seven quarters, and no one cares.

    • Hey, get out of here with that reasonable thinking! Only Apple can be criticized or bashed.

    • I decided to look up the details on what you said for Verizon smartphone sales:

      2011Q3: 5.6M smartphones — 2M iPhones / 3.6M Android 2012Q3: 6.8M smartphones — 3.1M iPhones / 3.7M Android Q3 YEAR OVER YEAR CHANGE: iPhone +55% / Android +4%

      2011Q4: 7.7M smartphones — 4.3M iPhones / 3.4M Android 2012Q4: 9.8M smartphones — 6.2M iPhones / 3.6M Android Q4 YEAR OVER YEAR CHANGE: iPhone + 44% / Android +6%

      2012Q1: 6.3M smartphones — 3.2M iPhone / 3.1M Android 2013Q1: 7.2M smartphones — 4M iPhones / 2.9M Android / 0.3M Other Q1 YEAR OVER YEAR CHANGE: iPhone + 25% / Android -3%

      • Most of the numbers you’re using for Android are combined non-Apple smartphones, not just Android. Verizon did not break out Android for those quarters. Means Android probably did not decline last quarter, but doesn’t make a big difference to the rest.

        • BC2009

          I realized that after I posted it since I don’t have the “Other” numbers from Q1 2012. You have to assume Android makes up 99% of that “Other” category though and has been roughly flat for three quarters now at Verizon. Here is the revised version:

          2011Q3: 5.6M units — 2M iPhones / 3.6M Other 2012Q3: 6.8M units — 3.1M iPhones / 3.7M Other Q3 Y/Y CHANGE: iPhone +55% / Other +4%

          2011Q4: 7.7M units — 4.3M iPhones / 3.4M Other 2012Q4: 9.8M units — 6.2M iPhones / 3.6M Other Q4 Y/Y CHANGE: iPhone +44% / Other +6%

          2012Q1: 6.3M units — 3.2M iPhone / 3.1M Other 2013Q1: 7.2M units — 4M iPhones / 3.2M Other Q1 Y/Y CHANGE: iPhone +25% / Other +3%

      • Most of the numbers you’re using for Android are combined non-Apple smartphones, not just Android. Verizon did not break out Android for those quarters. Means Android probably did not decline last quarter, but doesn’t make a big difference to the rest.