Verizon sells 6.8M smartphones in Q3 as LTE device sales grow by 40%

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Verizon just announced its financial results for Q3 2012, revealing increased smartphone and LTE adoption along with buoyant revenues. The wireless carrier added 1.5 million postpaid connections — its highest number in four years — and now has a total subscriber base of almost 96 million. Smartphone sales for the quarter rose to 6.8 million, and 53 percent of the carrier’s customers are now using smartphones. 4.5 million LTE devices were activated over the quarter, up from 3.2 million last quarter, and over 35 percent of all data traffic on Verizon’s network is on LTE.

Increased smartphone and LTE use helped increase Verizon’s average revenue per account (ARPA) from $ 143.32 to $ 145.42; a modest increase, but still significantly…

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