Verizon (VZ) Sells 4.2M Apple (AAPL) iPhones in Q411; Expects 500-600bp iPhone Margin Drop in Future
Tweet Send to a Friend
Get Alerts VZ Hot Sheet
Price: $51.39 -0.96%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.2%
Revenue Growth %: +4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.2%
Revenue Growth %: +4.3%
Trade VZ Now!
Verizon (NYSE: VZ) CFO Fran Shammo said it sold 4.2 million Apple (Nasdaq: AAPL) iPhones in the fourth-quarter 2011.
The company also sees a 500 to 600 basis point drop on the iPhone moving forward, though a specific time frame wasn't given.
Headlines were made at the Citigroup Entertainment, Media and Telecommunications Conference.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The company also sees a 500 to 600 basis point drop on the iPhone moving forward, though a specific time frame wasn't given.
Headlines were made at the Citigroup Entertainment, Media and Telecommunications Conference.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Crash in American Electric Power (AEP) & NextEra Energy (NEE) Adds to Jitters
- Fusion-io (FIO) Valuation, Technology Might Attract Buyers
- Sony (SNE) Might be Delaying Launch of Apple's (AAPL) Streaming Music Service
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Citi
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
