Verizon Sells Over 2 Million iPhones in Q2

One day after AT&T, and two days after Apple, Verizon reported its second quarter 2011 earnings today. The iPhone was one of the top smartphones at Verizon, with 2.3 million units sold over the last three months – that’s almost one out of two smartphones sold by the company. To put these figures in perspective, about 12 percent of all iPhones sold worldwide over the second quarter were Verizon iPhones. Given that Apple showed tremendous growth over the last quarter, Verizon’s results are not surprising. Apple’s growth is primarily fueled by the success of iOS devices, as Apple sold over 20 million iPhones during the second quarter, representing 142 percent unit growth over the year-ago quarter – Verizon and other iPhone carriers such as AT&T are simply reaping the benefits of this growth. Overall, Verizon showed strong results: the company added over 1 million new wireless subscriber during the quarter, its sales for the quarter are over $27 billion, and its profits are up.