Verizon is rapidly approaching an all-LTE network:
- ~82% of new smartphone activitations (5.9 million out of 7.2 million) were LTE
- 95% of it’s 3G network now has LTE coverage
- 54% of all network traffic is now over LTE
- CFO Fran Shammo said Verizon will be offering LTE-only devices (no 3G for voice) next year and Voice over LTE (VoLTE) is coming right behind it. VoLTE is significant because that clears the way for simultaneos voice and data — currently Verizon’s only black-eye in comparison to AT&T
Apple is again the #1 smartphone, with a 55.5% share of all smartphones. Given that 2 years ago Apple’s market share at Verizon was ZERO, that’s pretty remarkable and is reflective of the pent up demand that Apple has seen at Sprint and T-Mobile as well. But what was really interesting was the mix of iPhones sold. Shammo said the LTE-capable iPhone 5 made up roughly half of Verizon’s 4 million iPhone activations.
That means the $99 (with activation) iPhone 4S and free iPhone 4 drew a significant number of sales on their own. I’m not sure whether this substantiates the need for a lower cost iPhone or disputes it. But i guess we’ll find out in a few months either way.