Verizon (VZ) Sells 4.2M Apple (AAPL) iPhones in Q411; Expects 500-600bp iPhone Margin Drop in Future

January 4, 2012 3:44 PM EST
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog, Trader Talk

Related Entities