Verizon Adds Over 800k 4G Smartphone Users

Customer defections, also known as churn in the telecommunications industry, for Verizon's wireless postpaid business dipped to 0.90 percent versus the 0.99 percent estimated by FactSet.

Verizon said it added 842,000 4G smartphones to its postpaid customer base in the quarter.

Does this number include those that were already non smartphone subscribers? Just wait until Apple releases the iPhone 6S / Plus S next quarter. I'm betting that all those iPhone 5 & iPhone 5S users will upgrade.