Verizon Reports 15 Percent Increase in Revenue, Keeps Quiet about Storm Sales

Submitted by lalit on January 27, 2009 - 4:38pm.

Verizon today reported that it has added more than 1.2 million new customers in Q4 2008 bringing total number of customers to 72.1 million, which is up 9.9 percent compared to last year. With increase in number of subscribers Verizon also saw 15 percent increase in revenue. The company credited this rise to growth in wireless market. According to Verizon 37 percent of all cellphones sold were high-end devices and revenue from data plans for smartphone’s jumped 41.4 percent.
However, even with stellar revenue results, Verizon avoided to provide information about BlackBerry Storm unit sales, solidifying the claim that Storm had an uninspired launch. It has been unofficially estimated that Verizon sold 500,000 Storms during the holiday season, which was nowhere near AT&T’s sales of more the 2 million iPhones during the fourth quarter. Many analysts are blaming this lackluster BlackBerry Storm launch on buggy software and delayed November release.