Verizon cut prices on Droids family, rakes in $7.1 billion profit

Verizon cut prices on Droids family, rakes in $7.1 billion profit

Firstly, Verizon has announced a profit margin of $7.1 billion US Dollars for the third quarter of 2013. The gross earning for the biggest GSM carrier in the USA was at $30.3 billion for the July to September quarter of 2013, a 4.4% growth compared to the 3rd quarter of 2012.

Verizon cut prices on Droids family, rakes in $7.1 billion profit
They saw 1.1 million new subscribers to increase their subscriber base to 101.2 million in total. The iPhone family still managed to hold 51% of Verizon’s sales even though analysts expected greater dominance from Apple following the release of the iPhone 5s and iPhone 5c.

Secondly, in a different news altogether, Verizon has cut the prices of some of the new Motorola Droid smartphones in it’s inventory.

The Verizon edition of the Motorola Droid MAXX, is now selling at $199 on a two-year contract, aa $100 shift fom the it’s former price of $299.

The Droid Ultra and Droid Mini each got an amusing 1cent price cut as both now sell at $99.99 and $49.99 instead of $100 and $50 on a 2-year contract respectively.

Source, Source2

 

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