Verizon (VZ) Sells 4.2M Apple (AAPL) iPhones in Q411; Expects 500-600bp iPhone Margin Drop in Future
Tweet
Share
E-mail
Get Alerts VZ Hot Sheet
Price: $38.65 --0%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 6.9%
Revenue Growth %: -2.4%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 6.9%
Revenue Growth %: -2.4%
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Verizon declares quarterly dividend on December 7
- Citi Starts Southern Co. (SO) at Buy, 'Out of the Penalty Box'
- Stocks could be in 'panic' mode in 2024, warns JPM's Kolanovic
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
CitiSign 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!
