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  • Essay / Verizon Wirless Division - 1819

    Verizon leader in wireless technologyVerizon Communications Inc. is a provider of wireless and wireline communications services. The services provided include voice, network access, broadband data and video services, as well as local and global Internet protocol networks. Verizon operates primarily in the United States, but operates in over 150 other countries; the headquarters is in New York, New York. Verizon is a corporate component of the Dow Jones Industrial Average. As of December 31, 2021, it employed approximately 183,400 people. Verizon Communications has won more than ten corporate awards, including women, humanitarians, military, and single/working mothers. Verizon has to contend with major components of its wireless and wireline operations. Verizon's wireless division is also made up of its partnership with Cellco. This joint venture of Verizon and Vodafone included Verizon owning 55% of the wireless operations and Vodafone owning the remaining 45%. Verizon Wireless as of December 31, 2012 had 98.2 million customers. The Wireless Division's services include equipment sales and wireless voice and data services. The equipment sold is via smartphones and base phones that use voice and data services. All of these features are sold to individual, business and government customers. Verizon Wireless offers other connection-related services, including machine-to-machine wireless connections. One of the primary mediums of machine-to-machine is healthcare, manufacturing, and utilities. Verizon's wireless network covered a population of more than 290 million people as of December 31, 2012. Verizon's primary wireless technology is fourth generation (4G) and long-term evolution (LTE). Verizon's wireline division connects consumers to communications products and services. These services...... middle of paper ......the margin in 2009 was 3.39%, in 2011 it fell to 2.17% but like the other two categories in 2013 it jumped up to 'at 9.54%. If the trend continues, operating profit margins and net profit margins are expected to increase significantly. By 2017, operating profit margins are expected to be around 30-32%. The net profit margin is expected to climb around 11-13%, thereby producing the overall wealth of the company. Gross profit margins I don't expect any cumulative growth or jump over a five year period, they are up four points. Compared to the other two categories which saw a jump of around 50%, overall I see substantial gains due to Verizon being the leader in both wired and wireless technologies. It makes sense that their profit margins continue to grow year after year. Substantial growth will slow but the curve will continue to trend upward even if it is only marginal, marginal profit remains positive profit..