Verizon released their Q2 2012 earnings report this morning, and as expected, includes a bunch of positive numbers for the communications giant. We mostly care about the wireless side of the business, so on that note, they reported 7.3 percent year-over-year increase in service revenues, 8.6 percent year-over-year increase in retail revenues, and data revenues that were up 18.5 percent year-over-year. They added 1.2 million retail net customers, which includes 888,000 postpaid customers. They now have 94.8 million retail customers, 88.8 million of which are postpaid.
On the non-boring financial and customer count side, they also announced that 50% of their customers now use a smartphone. Over the last couple of years, Verizon has made it increasingly difficult to find feature phones. Their goal is get you onto a smartphone, so that you have to buy extra data packages and other high-priced features. It's working, alright. Can you imagine life without a smartphone?
