While all the analysts are fidgeting in anticipation for Apple's Q1 earnings call, Verizon has announced (opens in new tab) its earnings report for the first quarter of this year.
According to the official statement, Verizon activated 3.2 million iPhones on its network - down from the 4.3 million in the previous quarter.
Despite the figures painting quite a negative picture, thanks to the global demand of the iPhone 4S growing in the first quarter (namely the mid-January launch in China as well as the China Telecom expansion back in March), analysts believe Apple's popular iPhone commodity will keep them in good stead.
In addition to the financial results, Verizon also announced its plans for the forthcoming months. The carrier plans to invest in infrastructure as well as deploy 4G networks, fueling rumours that the next iPhone will come with LTE connectivity.
Industry experts believe that Verizon's announcement is just the first hint towards Apple's next week earnings call. Some national markets where the new iPhone 4S reached earlier this year, including China, could help Apple compensate for the post-Christmas decline in sales.
Source: MacRumors (opens in new tab)