iPhones made up the majority of smartphones that were sold last quarter, according to Verizon. Verizon announced their Q4 2010 financial results Tuesday.
They sold 7.7 million smartphones in the quarter, 4.3 million (over half) of which were iPhones. During the same quarter, 1.6 million 4G LTE smartphones were sold. There are 18 different 4G smartphones available on Verizon, most of those are Android. Meanwhile, there are only two iPhone models on Verizon: the iPhone 4 and the iPhone 4S.
James Ratcliffe, analyst at Barclays Capital, said the following to Bloomberg:
“The average smartphone customer will spend about $2,000 over the two-year contract, if the subsidy is $400, you’re still getting $1,600, and that’s very cash-flow positive.”
This is because Verizon’s quarter was hurt a bit by high iPhone subsidies, but Ratcliffe believes they will do well with the money coming in from the customer contract.