Verizon Q4 2011: $18.3bn wireless revenue, 44% using smartphones

Verizon has reported its Q4 2011 financial results, with wireless revenue up 13-percent year on year to $18.3bn, while 44-percent of postpaid consumers are now using smartphones. 1m net subscribers were added in the three month period, driving higher data use in the process; revenues from data alone were $6.3bn, up over $1bn from the year before.

No mention of specific iPhone sales has been given, with Verizon instead content to namecheck its recent LTE device announcements. They included the DROID RAZR and HTC Rezound in Q4 2011, as well as several more LTE devices shown off at CES 2012 earlier this month.

Average Revenue Per User (ARPU) is up 2.6-percent among retail users over the same period last year, while postpaid data ARPU is up 14.3-percent. Elsewhere in the company's business, 201,000 FiOS Internet and 194,000 FiOS Video net subscribers were added, with FIOS customers each spending $148 on average per month.

The quarter saw Verizon's highest number of retail wireless net additions in the last three years.