Wah, wah, wah....Verizanon whining about it's bottom line, as usual

[bonehead123]

Lookie here:

https://www.thestreet.com/technology/verizon-sounds-the-alarm-on-a-trend-that-is-hurting-its-pockets

At least they got one part right, about the churn & people not buying new phones as often, but it's not a quality issue, it's because, with few exceptions, the last 2-3 generations have offered very little in the way of anything that's actually new or improved...other than the increasingly higher prices....

Perhaps if they (Verizanon) would stop constantly jacking up their service prices, maybe folks would be more inclined to stay with them for a while longer

 

[WhiteNoise]

I was with Verizon for many years but they eventually did me dirty. I was grandfathered into the unlimited data but several years after they removed that feature, they forced me to sign a new contract if I wanted a new phone, which would remove me from being grandfathered in. I was pissed so I left them instead.

Screw Verizon.

 

[64K]

I cried a little inside when I read about Verizon's plight .......but then I read their latest newsletter. They are doing fine. Revenue last quarter 33 billion dollars. Net income 4.7 billion dollars. On track for meeting expectations for the year. I'm not sure what all the "poor me" talk is about. Hell, most companies wish they could have their success.

Verizon delivers strong wireless service revenue and broadband subscriber growth in Q2

Verizon reported second-quarter 2024 results today with strong wireless service revenue, broadband subscriber growth, and continued momentum in its three financial priorities.

www.verizon.com

 

[A&P211]

They do have a yield yield of 6.7%

 

[bonehead123]

They are doing fine. Revenue last quarter 33 billion dollars. Net income 4.7 billion dollars

EXACTLY........

They are whining like a spoiled little biotch about a problem (mostly) of their own making, so in my book, they should just stfu & be happy

 

[Bones]

Still using a flip from 2018 with them.
They've made offers for me to upgrade my phone which is still working fine for my useage of it, so I'm not.
Phone prices are also insane these days and that's for a device you MUST also make a monthly payment just to do anything with it.

So no, I'm riding this one to the end of the line and after that I may not worry about getting another one.
If I do, it not going to be a phone that's a grand or more because all I do is talk and text with mine - That's it.

 

[Onasi]

God, every time I read about the ridiculous BS that is mobile service in the US I just get sad. I pay, like, I dunno, 30 bucks a year for unlimited calls, data and a hefty SMS package (yes, I still use those, hate messengers). And this is on a SIM plan, I can buy any device I want and slot that right in. I guess the downside is that I don’t get subsidized cheap(er?) flagship phones, but… I’ll live.

 

[eidairaman1]

Still using a flip from 2018 with them.
They've made offers for me to upgrade my phone which is still working fine for my useage of it, so I'm not.
Phone prices are also insane these days and that's for a device you MUST also make a monthly payment just to do anything with it.

So no, I'm riding this one to the end of the line and after that I may not worry about getting another one.
If I do, it not going to be a phone that's a grand or more because all I do is talk and text with mine - That's it.

I use a 2022 Moto G Power it was $216 had features only the 1000 dollar phones at the time did

 

[Fokker]

I have a 7 year old phone and switched from Verizon Wireless to Mint Mobile. I'll play a small violin for them.

The consumer market is reflecting the reduction in available disposable income, inflation is on the rise, and they continue to jack their service prices and then go surprised Pikachu face over people hanging onto their expensive luxury devices for longer.

 

[remixedcat]

EXACTLY........

They are whining like a spoiled little biotch about a problem (mostly) of their own making, so in my book, they should just stfu & be happy

Plus they have millions to blow on having beyonce in their ads and yall know she's not cheap lol

They pay more for celeb advertising than their network here in wv!! It's so bad hubby has them and they are so slow and some days he'll have 3 bars and a call won't work.. it's such a mess.. while my att does much better.

 

[bonehead123]

They pay more for celeb advertising than their network here in wv!! It's so bad hubby has them and they are so slow and some days he'll have 3 bars and a call won't work.. it's such a mess.. while my att does much better.

Having relatives who live in WV, I can tell you that they have all sworn off Verizanon forever, due to their ridiculously high prices, crappy service and lack of customer service. All but 1 of them have switched to Google Fi or one of the other mvno's and are happier for it

 

[Endymio]

Perhaps if they (Verizanon) would stop constantly jacking up their service prices, maybe folks would be more inclined to stay with them for a while longer

Did you fail to read the article? Verizon's churn rate is just under 3%/year, meaning customers stay with them on average 30+ years.

God, every time I read about the ridiculous BS that is mobile service in the US I just get sad. I pay, like, I dunno, 30 bucks a year for unlimited calls, data and a hefty SMS package

A lot of nations heavily subsidize cell service, which means you pay much more for that service than you think, in the form of taxes. These nations rely on the ignorance of their constituency, and their inability to recognize hidden and indirect costs.

 

[xrobwx71]

In the US, I went from $80 per month for my daughter's phone through Verizon to PureTalk Wireless for $30 a month. Unlimited blah blah. She hasn't complained about service or speed.

 

[dirtyferret]

I've been on google fi since launch, ive yet to see a reason to switch

Verizon's churn rate is just under 3%/year, meaning customers stay with them on average 30+ years.

not what churn rate means. For every 100 new subs they lose 3. Has nothing to do with customer longevity and they most likely use generous definitions for new and leaving customers

 

[Endymio]

not what churn rate means. For every 100 new subs they lose 3. Has nothing to do with customer longevity

Um, no, that isn't how churn rate is calculated. It means for every 100 existing customers over a given period, they lose 3. Growth rate, on the other hand, is based on new customers.

and they most likely use generous definitions for new and leaving customers

Except that they don't. When a customer is no longer a paying subscriber, they've left. How else would you define it?

 

[dirtyferret]

Um, no, that isn't how churn rate is calculated. It means for every 100 existing customers over a given period, they lose 3. Growth rate, on the other hand, is based on new customers.


Except that they don't. When a customer is no longer a paying subscriber, they've left. How else would you define it?

that's not what you said in your initial post. pathetic

Verizon's churn rate is just under 3%/year, meaning customers stay with them on average 30+ years.

 

[Tropick]

 

[Endymio]

that's not what you said in your initial post. pathetic

Reading comprehension FTW. If existing customers leave at the rate of 3%/year, then a (simplistic) linear calculation results in a lifetime of 33 years. A more accurate exponential-decay model gives a customer mean half-life of 22.7 years. In no way, shape, or form, does it indicate customers are leaving in droves.

 

[dirtyferret]

Reading comprehension FTW. If existing customers leave at the rate of 3%/year, then a (simplistic) linear calculation results in a lifetime of 33 years. A more accurate exponential-decay model gives a customer mean half-life of 22.7 years. In no way, shape, or form, does it indicate customers are leaving in droves.

for the loss, for the loss again. I never said they are leaving, go look at all my posts in the thread, my posts were all correcting your statements not saying customers are leaving. Also, the only thing I saw in the article was a quarterly churn rate. If you want to use the customer monthly lifetime formula you will need a monthly churn rate. No need to thank me for constantly correcting and educating you but I'm sure you will continue with your hissy fit so go ahead. I'm done feeding trolls.

 

[Endymio]

for the loss, for the loss again. I never said they are leaving, go look at all my posts in the thread, my posts were all correcting your statements .

But you didn't correct anything; you posted misinformation:

"that's not what churn rate means, it means for every 100 new subs they lose 3".

Which prompted me to define the term properly for you.

Since your statement also implies that, for every 3 subs Verizon lose, they gain 100 -- a clearly absurd proposition -- I do wonder at the thought process that led you to believe it. Just a suggestion, but a simple admission of error generally works better than petulant outbursts.

Also, the only thing I saw in the article was a quarterly churn rate. If you want to use the customer monthly lifetime formula you will need a monthly churn rate.

Again, the reading comprehension problem. As I clearly expressed, I used an annual churn rate. I obtained a "worst-case" estimate by quadrupling their (abnormally high) quarterly rate. Had I used their 2023 annual churn rate of 1.67%, the data would have been even more on their side.

 

[dirtyferret]

But you didn't correct anything; you posted misinformation:

Yes i did , I'm correcting your misinformation post for the third time already, it's truly pathetic. You already admitted the churn rate you got did not come from the article so you clearly failed to read it. Your definition was wrong and corrected by me. Your math was wrong as well and you used an incorrect formula.

Everything in your statement below
has
been
proved
wrong
end
of
story

*now i"m done with this troll

Did you fail to read the article? Verizon's churn rate is just under 3%/year, meaning customers stay with them on average 30+ years.

 

[Endymio]

Yes i did , I'm correcting your misinformation post for the third time already, it's truly pathetic. You already admitted the churn rate you got did not come from the article so you clearly failed to read it. Your definition was wrong and corrected by me. Your math was wrong as well and you used an incorrect formula.

Everything in your statement below
has
been
proved
wrong
end
of
story

An outstandingly puerile response that lacks only a rainbow stream of emojis for completeness. Your definition of churn rate was wrong, period:

What Is Churn Rate & How Do You Calculate It? – Forbes Advisor

Identifying Customer Churn in After-market Operations (smu.edu)

Churn Rate Formula: How to Calculate and Analyze Churn | Amplitude

And your statement that my churn rate "did not come from the article" is likewise incorrect. I could have easily used the exactly quarterly figure and received identical results for the linear calculation, and near-identical results for the exponential calculation. In terms of strict mathematical theory, of course, one should use an instantaneous churn figure -- but such a figure is not calculable on business terms, and wouldn't result in any appreciable difference. However, if you believe my "formula was incorrect", I invite you to post the correct calculation -- with references.

 

[WhiteNoise]

God, every time I read about the ridiculous BS that is mobile service in the US I just get sad. I pay, like, I dunno, 30 bucks a year for unlimited calls, data and a hefty SMS package (yes, I still use those, hate messengers). And this is on a SIM plan, I can buy any device I want and slot that right in. I guess the downside is that I don’t get subsidized cheap(er?) flagship phones, but… I’ll live.

My normal monthly bill is $120 (I carry 4 lines- Me, wife, daughter, and mom in law. My son will need to be added in the next year I figure). $30 a year is insane.

 

[Easy Rhino]

Verizon (VZ) has just revealed that it is facing a dip in its earnings, and one of the main culprits is an unexpected change in consumer behavior.

Any business that thinks lower consumer spending in this economy is unexpected also believed for the past 4 years that Joe Biden isn't senile.

 

[Frick]

I'm very tempted to organize fundraisers for corporations. Just to see what would happen. The dream is to become some kind of celebrity and founding a non-profit org with the stated goal to donate money to telecoms, landlords and other scum just to see what would happen. It would be so much fun.