Verizon CEO: We Expected iPhone 5 in Early Summer, Now Planning For Fall


Incoming Verizon CEO Lowell McAdam, speaking on CNBC today, noted that revenue growth in the past quarter had been impacted because the next iPhone hasn't been released yet.

We had assumed that we would see an iPhone early in the summertime as it's been usually, and that's going to be a little bit later in the year now.

In a conference call with analysts today, McAdam suggested analysts check with Apple on when the next iPhone will come out -- but expected it this fall:

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.

Later in the CNBC interview, McAdam discusses Verizon's switch to tiered data plans for smartphones, noting that streaming video is the main reason they dropped unlimited data plans:

We just converted over to tiered pricing, data tiered pricing, because we see a huge wave of video coming. That's going to take a lot more capacity in the individual networks, and so I think for a lot of customers that won't be an issue from a revenue perspective. But, for the heavy users, we do see the revenue go up significantly.

Lowell McAdam is the current COO of Verizon and will be replacing current CEO Ivan Seidenberg.

Top Rated Comments

nagromme Avatar
133 months ago
Its too bad the iPhone 5 won't have LTE :( at least I doubt it... Deal breaker for me.
I can see the desire for 4G (other than bulk and battery-burning, which will be solved in time). Still, every other phone has much bigger deal-breakers:

* Fewer apps, but more importantly: lower-quality apps. Even those apps that do have Android versions are seldom as good (http://www.technologyreview.com/blog/mimssbits/26647/).

* Poor battery life. Potentially "solveable" by manually managing processes and troubleshooting your apps to find out the hard way which ones you shouldn’t have downloaded. No, thanks.

* No retina display? I’ll never go back!

* Android devices are frequently abandoned by the manufacturer and/or carrier, and get no further updates. Now, no device lasts forever; but Android devices get obsolete way too fast.

* Fragmentation: it’s not just a problem for programmers, but for users, when big-name, important apps only work on certain selected models.

* No iCloud? Well, I don’t have it yet, either... but it’s coming, and nothing out there can offer what Apple is offering with iCloud.

* Malware apps. Compare the percentage of users impacted on Android vs. on iPhone.

* Where’s the integrated music store and synching? Where are the movies and TV shows? Android solutions for those are painful half-efforts compared to iTunes.

* No serious tablet companion with a serious library of tablet apps.

And the number one Android deal-breaker for me:

* No full backup/restore! When I replace my iPhone, everything down to the last custom setting and icon placement transfers over. Every song, every document, every high score, every password, every carefully-organized folder with an Emoji icon. On Android, a few things synch to the new device, but the rest is lost in the wind. Unacceptable.

I really hope (and believe) that someone will make a flavor of Android that solves all that, someday. For now, 4G LTE absolutely can’t make up for them.

For now, while Google TALKS in vague buzzword terms about giving me more things I can do with my phone, Apple actually does so! Android is still too limiting.

I hope my 2012 iPhone has 4G (I’m sure it will) but I also hope it doesn’t suffer the problems (bulk and battery drain) of current 4G phones.
Score: 10 Votes (Like | Disagree)
Popeye206 Avatar
133 months ago
No its not, only on the TBolt. And they have LTE in 120 cities... including every city around my area = millions of people. This is a ridiculous comment.
Not from what I've read... battery life seems to be an issue on many of the 4G Android based phones. The Thunderbolt just seems to be the worst.

Glad to hear you live in a 4G area... not here yet.

BTW... the other poster is right about the Droid Charge... it seems to do very well with battery life in 3G or 4G mode.... so maybe it's not the 4G but just the others are poorly built phones????? Don't know?
Score: 5 Votes (Like | Disagree)
ImNoSuperMan Avatar
133 months ago
yes, one day apple is going to announce the next iphone without testing or certifying it on any carrier's network. in fact FedEx will just start delivering boxes to Verizon Stores with no one having any idea what they are.

all of those millions of verizon iphone 5's will just magically work out of the box with no backend preparation by verizon or any carrier.

what happens is SJ presses a button and a magic script runs that adds the data to all the carriers' and partners' computer systems at once
They didnt say that next iPhone doesnt exist or they have no idea what its supposed to be. All they said is they dont know the release date, which isnt really surprising to me considering they are talking about an Apple product here.
Score: 5 Votes (Like | Disagree)
Orlandoech Avatar
133 months ago
i can see the desire for 4g (other than bulk and battery-burning, which will be solved in time). Still, every other phone has much bigger deal-breakers:

* fewer apps, but more importantly: Lower-quality apps. Even those apps that do have android versions are seldom as good (http://www.technologyreview.com/blog/mimssbits/26647/).

* poor battery life. Potentially "solveable" by manually managing processes and troubleshooting your apps to find out the hard way which ones you shouldn’t have downloaded. No, thanks.

* no retina display? I’ll never go back!

* android devices are frequently abandoned by the manufacturer and/or carrier, and get no further updates. Now, no device lasts forever; but android devices get obsolete way too fast.

* fragmentation: It’s not just a problem for programmers, but for users, when big-name, important apps only work on certain selected models.

* no icloud? Well, i don’t have it yet, either... But it’s coming, and nothing out there can offer what apple is offering with icloud.

* malware apps. Compare the percentage of users impacted on android vs. On iphone.

* where’s the integrated music store and synching? Where are the movies and tv shows? Android solutions for those are painful half-efforts compared to itunes.

* no serious tablet companion with a serious library of tablet apps.

And the number one android deal-breaker for me:

* no full backup/restore! When i replace my iphone, everything down to the last custom setting and icon placement transfers over. Every song, every document, every high score, every password, every carefully-organized folder with an emoji icon. On android, a few things synch to the new device, but the rest is lost in the wind. Unacceptable.

I really hope (and believe) that someone will make a flavor of android that solves all that, someday. For now, 4g lte absolutely can’t make up for them.

For now, while google talks in vague buzzword terms about giving me more things i can do with my phone, apple actually does so! Android is still too limiting.

I hope my 2012 iphone has 4g (i’m sure it will) but i also hope it doesn’t suffer the problems (bulk and battery drain) of current 4g phones.

amen!!!!!
Score: 4 Votes (Like | Disagree)
NebulaClash Avatar
133 months ago
Doesn't this guy read MacRumors? We knew a long time ago that the next iPhone wouldn't be out in the summer (though many posters here refused to believe it nevertheless).
Score: 4 Votes (Like | Disagree)
Apple... Avatar
133 months ago
I have a Droid X and want an iPhone. Will wait for iPhone 5, I guess - rather than buy the 4 now and regret it. Sigh.
There should only be a few months left. Hang on! :cool:
Score: 4 Votes (Like | Disagree)

Top Stories

m1x mac mini screen feature

High-End 'M1X' Mac Mini With New Design and Additional Ports Expected to Launch in the 'Next Several Months'

Sunday August 22, 2021 5:59 am PDT by
Apple can be expected to launch an updated high-end Mac mini with a new design and a faster "M1X" Apple silicon processor in the "next several months," Bloomberg's Mark Gurman reports. In the latest publication of his Power On newsletter, Gurman writes that a new high-end Mac mini, which has previously been reported to feature a new design with additional ports, can be expected to replace...
mac scanner permission error

Apple Says Fix Planned for 'You Do Not Have Permission to Open the Application' Error When Using a Scanner on Mac

Saturday August 14, 2021 6:15 am PDT by
In a newly published support document on its website, Apple has acknowledged an error that some users may receive when they try to use a scanner with a Mac in the Image Capture app, Preview app, or the Printers & Scanners section of System Preferences. A screenshot of the error message from the HP Support Community When attempting to use a scanner with a Mac, Apple said users might get an...
macbookpro13large

macOS Big Sur Update Bricking Some Older MacBook Pro Models

Sunday November 15, 2020 5:33 am PST by
A large number of late 2013 and mid 2014 13-inch MacBook Pro owners are reporting that the macOS Big Sur update is bricking their machines. A MacRumors forum thread contains a significant number of users reporting the issue, and similar problems are being reported across Reddit and the Apple Support Communities, suggesting the problem is widespread. Users are reporting that during the...
original iphone

Phil Schiller Says iPhone Was 'Earth-Shattering' Ten Years Ago and Remains 'Unmatched' Today

Monday January 9, 2017 7:15 am PST by
To commemorate the tenth anniversary of the iPhone, Apple marketing chief Phil Schiller sat down with tech journalist Steven Levy for a wide-ranging interview about the smartphone's past, present, and future. The report first reflects upon the iPhone's lack of support for third-party apps in its first year. The argument inside Apple was split between whether the iPhone should be a closed...
m1 imac orange

New iMac Tidbits: Headphone Jack on Side, Ethernet Port on Power Adapter, Spatial Audio and WiFi 6 Support, No SD Card Slot

Wednesday April 21, 2021 6:38 am PDT by
Apple yesterday announced a completely redesigned 24-inch iMac with the M1 Apple silicon chip. The new iMac, the first major redesign of the Mac desktop computer since 2012, has several changes compared to the previous generation. In the aftermath of the event, a few new features and tidbits may have slipped under the radar, so we’ve compiled this list of some of the less-talked-about...
omg lightning cable comparison

Security Researcher Develops Lightning Cable With Hidden Chip to Steal Passwords

Thursday September 2, 2021 6:59 am PDT by
A normal-looking Lightning cable that can used to steal data like passwords and send it to a hacker has been developed, Vice reports. The "OMG Cable" compared to Apple's Lightning to USB cable. The "OMG Cable" works exactly like a normal Lightning to USB cable and can log keystrokes from connected Mac keyboards, iPads, and iPhones, and then send this data to a bad actor who could be over a...
Top Stories 75 Thumbnail

Top Stories: Last-Minute iPhone 13 Rumors, Apple Announces App Store Changes, and More

Saturday September 4, 2021 6:00 am PDT by
The finish line is in sight! Apple's annual iPhone event is likely just a week or so away and all eyes will be on the company as it unveils the next version of its most popular product line. With any luck, we'll also see the next-generation Apple Watch and perhaps even some new AirPods. Other news this week saw Apple making some more changes to its App Store policies in response to a...
General YouTube Feature 1

YouTube Premium and Music Surpass 50 Million Subscribers

Friday September 3, 2021 2:19 am PDT by
YouTube says it has passed 50 million subscribers for its Premium and Music subscriptions, making it the "fastest growing music subscription" service in the world, according to YouTube's global head of music, Lyor Cohen. YouTube says that it has more than 50 million paying subscribers collectively across YouTube Premium and YouTube Music. The Google-owned service says it attributes this...
iPhone 13 Dummy Thumbnail 2

Full iPhone 13 Feature Breakdown: Everything Rumors Say We Can Expect

Tuesday August 31, 2021 7:50 am PDT by
With the launch of Apple's iPhone 13 lineup believed to be just a few weeks away, we have compiled all of the coherent rumors from our coverage over the past year to build a full picture of the features and upgrades coming to the company's new smartphones. For clarity, only explicit improvements, upgrades, and new features compared to the iPhone 12 lineup are listed. It is worth noting that...
apple wallet drivers license

Apple Announces First U.S. States That Will Let You Add Your Driver's License to Your iPhone

Wednesday September 1, 2021 6:15 am PDT by
Apple today announced the first U.S. states that will be rolling out the ability for residents to add their driver's license or state ID to the Wallet app on the iPhone and Apple Watch. Arizona and Georgia will be the first states to support the feature, with Connecticut, Iowa, Kentucky, Maryland, Oklahoma, and Utah to follow, according to Apple. Apple said select TSA security checkpoints in ...