S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Verizon Margins Chopped on iPhone Sales (VZ, VOD, AAPL, GOOG)

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Too much of a good thing, maybe, for Verizon Communications Inc. (NYSE: VZ). Verizon Wireless, the company’s joint venture with Vodafone plc (NASDAQ: VOD) sold 4.2 million Apple Inc. (NASDAQ: AAPL) iPhones in the fourth quarter, but Verizon’s margins will fall because the iPhones cost the company more than other smartphones that use the Android operating system from Google Inc. (NASDAQ: GOOG).

Verizon’s fourth quarter iPhone sales were more than double the third quarter, when sales reached about 2 million as consumers waited for the new iPhone 4s. Verizon expects a 5% hit on wireless margin as a result of the hefty iPhone sales.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Verizon Earnings Pummeled by Pension Charges (VZ, T, S, AAPL)

Shares of Verizon Communications Inc. (NYSE: VZ) are down more than -2% in pre-market trading this morning following the company’s…

Jon C. Ogg |

Motorola and Nokia Dance To iPhone Tune in Earnings (AAPL, VZ, MMI, T, NOK, GOOG)

If there was any lingering doubt about the identity of the 600-pound gorilla in the mobile phone market, today’s earnings…

Douglas A. McIntyre |

Verizon Shares Rise on Expectations for iPhone (VZ, AAPL, VOD, T, S, GOOG)

Fourth quarter results for Verizon Communications Inc. (NYSE: VZ) were no better than so-so. The company reported revenue of $26.4…

Paul Ausick |

Wireless Data Driving Verizon Results

Verizon Communications Inc. (NYSE: VZ) reported second-quarter results this morning that were inline with consensus estimates. Diluted earnings per share…

Does iPhone Launch Help Verizon’s High-Yield Shares?
Douglas A. McIntyre |

Does iPhone Launch Help Verizon’s High-Yield Shares?

24/7 Wall St. Insights Verizon Communications Inc. (NYSE: VZ | VZ Price Prediction) has more market share than its rivals…

Verizon Highest Yielding Dow Stock, With 4.6% Payout
Douglas A. McIntyre |

Verizon Highest Yielding Dow Stock, With 4.6% Payout

Verizon Communications may no longer be a growth company, but it has mitigated investor risk that its revenue expansion will…

Paul Ausick |

Verizon’s Earnings Hampered by Competitive Pressure on Margins

Verizon Communications reported fourth-quarter and full-year 2014 results before markets opened Thursday morning.

Paul Ausick |

Verizon Performs as Expected

Verizon Communications Inc. (NYSE: VZ) reported third-quarter results before markets opened this morning. The telecommunications giant posted adjusted diluted earnings…

Paul Ausick |

Sandy, Other Charges Hamper Verizon Results

courtesy of VerizonVerizon Communications Inc. (NYSE: VZ) today reported fourth-quarter and full-year 2012 results before markets opened this morning. The…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820