Verizon is the Leader at Monetizing Data; Profits Soar & Highest Revenues in the Last 6 Quarters

Discussion in 'Android News' started by dgstorm, Jul 22, 2014.

  1. dgstorm
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    dgstorm Editor in Chief Staff Member Premium Member

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    While some of us might appreciate Verizon's new Smart Rewards program, we shouldn't let that fool us into thinking Big Red is our new BFF. A new financial report was just released at the same time as Verizon's quarterly earnings have been reported and the results prove that the company is brutally efficient at min-maxing what they get from costumers.

    First we have their financials statement. Their second quarter profits soared almost doubling from last year at the same time. They posted profits of $4.21 billion and $1.01 earnings per share, up from $2.25 billion and 78 cents per share in second quarter 2013. On top of this, Verizon's overall revenue was the highest recorded in over six quarters at $31.48 billion. They now have a 75 percent smartphone consumer base, up from 72 percent last year.

    Now comes the report from Consumer Intelligence Research Partners. They performed an analysis meant to determine which carrier makes the most profit from moving subscribers off of unlimited data and then charging them for data overages. Verizon leads the pack by a large margin in profiting from these data overages.

    Here's a quote with more of the details,

    To be clear, this article is not meant to demonize Verizon. Most large companies exist to make the maximum profit they can and return share-holder value. Verizon is amazingly successful at doing this. We applaud them for doing what it is in their nature to do.

    Of course, as consumers, we must remain vigilant to the realization that Verizon's purpose is to squeeze every red penny they can from their customers in order to remain on top. That's just the name of the game.
  2. akhenax
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    akhenax Well-Known Member

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    I am happy that I am not contributing to Verizon's excessive profitability by maintaining my unlimited data plan.
    swc2001 likes this.
  3. swc2001
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    swc2001 Active Member

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    agreed.... Me too!
    I am using 100 Gb + every month!! I am sure that chaps them! LOL
    Shoot I let my friends hook in to my data any time they want.
    If when they boot me off..... Sprint is really good in my area... soooo

    Wifi Tether FTW!!!
  4. mountainbikermark
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    mountainbikermark DF Super Moderator Staff Member Premium Member

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    All I wanted for 21 years of in time bill payment, using paperless billing and paying my bill electronically was too be able to use what I was paying for. In their business model they didn't see the need for decent coverage in my area so I spoke with my wallet and left.

    Sent from my LG-D801 using Tapatalk
  5. cybertec69
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    cybertec69 Well-Known Member

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    Looks like some nice FAT bonus checks for the big boys at the top, and maybe a few scraps for the rest.
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