Verizon announced today that their profits for Q3 2011 more than doubled compared to the same quarter last year. Not only that but Verizon Wireless saw nearly triple the amount of growth in post paid subscribers than AT&T reported for Q3 2011.
In AT&T’s recently reported third quarter results they revealed that they had added 319,000 postpaid subscribers. Verizon Wireless on the other hand added 882,000 post paid subscribers during the same period. This figure is more than double the amount of postpaid subscribers Verizon Wireless added last year in the same quarter.
More after the break
Verizon announced that they sold 5.6 million smartphones last quarter and more than half of them were Android devices. They also announced that they sold 1.4 million 4G/LTE devices. Of course all of the 4G/LTE smartphones sold were Android devices and that won’t change with the roll out of the new iPhone 4S.
Verizon didn’t comment on how many iPhone 4S devices they sold over launch weekend. AT&T reported selling a million iPhone 4S’s over launch weekend. Verizon cited pervasive next-gen iPhone rumors for reduced iPhone sales last quarter. Verizon reported that they sold 2 million iPhone 4 devices in Q3. Analysts have suggested that Android will continue to prevail on America’s largest and most reliable 4G network because, well, the iPhone 4S still doesn’t have the 4G’s