Verizon Is Losing Huge Number Of Customers Before It Launched Unlimited Data Plan
Verizon Wireless abandoned its opponent and rolled out an unlimited data plan that was more expensive than plans from Sprint and T-Mobile. However, before that unlimited plan promo, Verizon lost an approximately 400,000 regular monthly phone customers. The question now is, "What is the reason behind this loss of customers and the unlimited data plan?"
Weeks after the launch of Verizon's unlimited data plan, the telephone and television service provider stopped losing customers and actually gained a total of 109,000 subscribers. It actually brings the net loss of customers in the first quarter of 2017 to 289,000, as reported by BGR. It is a good news for Verizon since as reported earlier before the unlimited plan promo, the company is losing a huge number of customers.
In the first two months of 2017, Verizon Wireless reportedly lost a total of 398,000 retail postpaid phone subscribers. Verizon still ended up losing regular customers for the quarter ending last month, as of today's report. However, thanks to the unlimited plan because they gain more than what is expected. "The launch of Verizon Unlimited positively changed the trajectory of customer additions in the quarter," the company said.
According to ArsTechnica, Verizon has 113.9 million retail wireless phone connections, with postpaid smartphone plans taking up the big part of that. Even if Verizon still has the most wireless subscribers in the US, compared to its competitors, T-Mobile USA has gained millions of consumers over the past few years with an approach of offering better deals.
Verizon's total turning revenues, including all the recorded wireline services, were $29.8 billion in the first quarter. It went down to 7.3 percent year over year and net income was $3.6 billion, down to 19.8 percent. Verizon 35,000 Internet subscribers while lost 13,000 video subscribers in the same quarter. At the end of first-quarter 2017, the company had 5.7 million FiOS (Fiber Optic Service) Internet connections and 4.7 million FiOS Video connections. In simple terms, year-over-year, Verizon "increases of 3.3 percent and 0.1 percent," Verizon said.
Essential Phone Gets FCC Approval; Launch Date Imminent?
Andy Rubin's new Essential Phone was found passing through the FCC which is an important step in the process of being able to sell a tech product in the United States.
Nokia 6 Is Coming To Amazon USA In July For Only $229
The Nokia 6 will be available exclusively through Amazon USA sometime in early July in matte black and silver variant. An additional tempered blue and copper colors of the handset will be offered later in the summer.
T-Mobile Resolves Data Outage Issues Across The Country
The data outage issues affected T-Mobile customers in areas of Texas, Virginia, New York, Pennsylvania, California, New Jersey, Florida, Missouri, Washington, D.C., Rhode Island, Maryland, Ohio and Massachusetts.
Virgin Mobile Is Now iPhone-Exclusive, Offers A Year Of $1 Unlimited Data
The partnership between Apple and Virgin Mobile USA allows the service provider to become the newest carrier to sell its service in Apple’s stores and makes it the first iPhone-only carrier in the United States.
2017‘s Fastest Mobile Networks
The true measure of a good mobile network is its overall speed and AT&T, Sprint, T-Mobile, and Verizon are neck and neck in the race for the fastest mobile network in 2017.
MORE IN ITECHPOST
'Tokyo Ghoul' Season 3 Delayed By Its Live-Action Movie? Ken Kenaki Returns With Another Identity?
"Tokyo Ghoul" season 3's release is delayed and there are countless speculations as to why it is being pushed back. Reports claim that the show is to give way to "One Punch Man" and "My Hero Acdemia" but new rumors say that it's lack of materials and storyline as well as its live-action movie are causing the delay.
Overwatch Latest News: Blizzard Releases Doomfist Progression Update On PTR
The latest Overwatch news indicates that Blizzard has just released the Doomfist Progression update on PTR. Among other things, new cosmetics will be added to this new character.
'Dragon Ball Super' Spoilers: Android 18 Vs Frost? Krillin Disqualified, Angels Hinted To Be Villains
Latest updates and spoilers for "Dragon Ball Super" reveal that Android 18 will be going against Frost. Meanwhile, it seems like the angels are scheming something behind the Tournament of Power.