Apr 24, 2018

Apple Watch Series 3 Boosts Verizon's Growth, As The Smartwatch Now Available In Four More Countries

First spotted by Bloomberg, Verizon, the biggest carrier in the U.S., has gained tons subscribers from smartwatches like the Apple Watch Series 3 LTE models. However, they have lost phone and tablet subscribers as a trade-off.

Specifically, the report states Verizon added 359,000 subscribers last quarter who are using watches, wearables and other devices, while that helped make up for the loss of 24,000 phone customers and 75,000 tablet customers in the period. It should be noted here that Watch customers typically pay $10 per month, compared to phone users' $40/month of the cellular plan.

Verizon Communications Inc.’s wireless subscriber rolls surged last quarter, but it was thanks to smartwatches and other wearables -- not the phones and tablets that were once its mainstay.

Monthly subscribers climbed by 260,000 in the first quarter, the carrier said on Tuesday, marking its fourth straight period of growth. That topped the 159,000 average of analysts’ estimates compiled by Bloomberg.

In the meantime, Apple is launching the Apple Watch Series 3 with LTE in Denmark, Sweden, India, and Taiwan on May 11, with pre-orders starting on May 4, The LTE smartwatch allows customers to use the Apple Watch without iPhone for the first time, it can be steaming Apple Music, phone call, and more independently.

Post a Comment

Favourite Category

...
Click to see more!

Whatsapp Button works on Mobile Device only