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Verizon expected Apple’s iPhone 5 this summer, but CEO says launch coming in fall

Zach Epstein
July 22nd, 2011 at 4:01 PM

Newly appointed Verizon Communications CEO Lowell McAdam is already making waves. While fielding questions on Verizon’s earnings call on Friday, McAdam let slip some interesting notes regarding Apple’s fifth-generation iPhone. The executive was asked by an analyst if he thought Verizon Wireless would meet earlier estimates projecting that smartphones would be in the hands of 50% of postpaid subscribers this year. “We like the gross add mix that we see coming in here. We are in the roughly 60% kind of range,” McAdam responded according to the Associated Press’ transcription. He continues, “We are probably what I would view as maybe a quarter behind what we had talked about in January, primarily because we expected an iPhone 5 refresh sometime this summer. We don’t know when the next one is going to come out. You will have to ask Apple that, but we expect that probably sometime in the fall, and I think you will see a significant jump there when we get to that point.”


Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

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