Verizon has no need to worry with the results of their latest earnings call. The Q1 results for the nation’s largest network boasts 7.7% service revenue increases, but the real hitter is the 21.1% increase that they gained in data services revenue. Likely thanks to their 4G LTE network, this is the best growth and data service revenue that Verizon has recorded in the last 3 years.
Verizon can also boast that their 4G LTE network covers more than 2/3 of the US, giving a good percentage of the people with 4G LTE smartphones access to the network to the launch of the DROID and the gain of the iPhone Verizon has had plenty of devices for users to choose from in the smartphone realm since 2009, 3 years ago. Also, with the 4G LTE network a success, Verizon has offered customers the fastest data experience with some of the best devices in the US. They have also added 500,000 new post-paid customers, which will increase their revenue even more over time.