Showing posts with label financials. Show all posts
Showing posts with label financials. Show all posts

Verizon and AT&T combine to sell 5.8 million iPhones in Q1 2011

This morning Verizon released its quarterly earnings for Q1 2011. While the wireless carrier did not reveal its iPhone sales figure in the press release, its earnings conference call confirms Verizon sold 2.2 million iPhones in its first six weeks of sales (compared to the 3.6 million reported by AT&T for the first three months of 2011, a 2x longer period). Combined, Verizon and AT&T sold 5.8 million iPhones, which means that total US sales account for about 30% of the 18.6 million Apple sold worldwide in the quarter. Apple COO/acting CEO Tim Cook mentioned on yesterday's Apple earnings call that US sales were up 155% year-over-year, and iPhone sales in greater China were up 250% versus the year-ago quarter (both leading the curve of 113% growth in total sales).