Verizon just released their second quarter financial accounting presser, and it is chock full of interesting tidbits. A few of the "highlights" to take note of are:
- Verizon's earnings for this quarter rose higher than expected; Revenue was up to $27.5 Billion, a 2.8% gain over this time last year, and this revenue climb was 6.6% year-over-year.
- Sales of the Apple iPhone fueled some of that growth, but have since slowed in the second quarter.
- Ivan Sandberg will step down as CEO, and be replaced by Lowell McAdam; Sandberg, will be retained as chairman of the board.
- Verizon added 2.2 Million new customers in Q2, but interestingly, only 36% of new sales were smartphones.
Below is a link to the full press release, but be forewarned, it's a long one!
Source: Verizon Quarter 2 Earnings Full Press Release