January 24, 2012 | by Andrew Kameka
Verizon Wireless posted its Q4 2011 results today, revealing that the company had a strong quarter in terms of mobile device sales. The wireless company announced that it sold 7.7 million smartphones last quarter, 2.3 million of which were 4G LTE-capable.
Combining the total sales of about 20 devices, Verizon put 4G LTE in the hands of an additional 2.3 million subscribers. That was a significant increase from the 1.4 million LTE devices sold in Q3 2011. The combined sales of the HTC Rezound, Motorola Droid RAZR, and Samsung Galaxy Nexus swelled Verizon’s the ranks of Verizon’s 4G LTE network, which now reaches 200 million POPS (population of people in areas serviced by 4G).
Verizon sold more than 5 million smartphones that were 3G only, but we can expect the share of LTE devices to grow in coming quarters. Big Red has promised that all smartphones will have LTE going forward, so one must assume that millions of people who purchase new smartphones will all enjoy the advanced speeds. That should be a lot of people because the share of smartphone sells at Verizon increased from 28 percent in Q4 2010 to 44 percent during the most recent quarter.
A webcast discussing Verizon’s announcement will begin this morning. Updates for this story will be posted shortly based on comments made.