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Stock impact report

Verizon Stock (NYSE:VZ): Equipment Revenues Could Surge on iPhone Upgrade Cycle [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
The company's wireless equipment revenue could soon surge if consumers decide to upgrade their iPhones. With capital expenditures expected to collapse in 2024 and beyond, the stock could continue to rebound. Therefore, I'm bullish on Verizon. It seems like nobody on Wall Street likes telecom stocks. But if you are bullish on AI, large language models, the Metaverse, and cloud computing, why not be bullish on America's reliance on connectivity and Verizon's pricing power? Verizon's Resilient Competitive Position Verizon's competitive position underpins its revenues. So, how does Verizon stack up against the competition? Let's dive in. To understand where Verizon's going, let's first have a look at where it's been. Going into a world of 5G, Verizon had the best network in the United States. With its leading 4G coverage, the company won the J.D. Power award for network quality 31 times in a row. Verizon's reputation for quality meant it had the profitability to invest heavily in Show less Read more
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