U.S. second largest phone company, Verizon, has reported this Thursday (Apr 19th) above expectations earnings thanks to monthly iPhone 4S bills. Apple's smartphone currently makes Verizon more money than any other LTE phone sold by the company.
Verizon's market worth arose from 51 in the last quarte of 2011 to 59 cents per share in the first quarter of this year. Best estimations, from Bloomberg, had the company 1 cent lower, at 58 cents per share. Sales had a boost of 4.6 percent, bringing in $28.2 billion in revenue to the company.
Sales of the latest iPhone, the 4S, fell to 3.2 million units in the first quarter of 2012 from 4.3 million in the fourth quarter of 2011 however, Verizon Wireless is profitting the most from these devices. Monthly bills from iPhone customers (who sign for a 2-year contract in order to get the phone for low prices like $99 or $199) represent a large part of Verizon's income in the customers area.