To-Be-Verizon CEO: We Expected iPhone 5 To Drop This Summer

To-Be-Verizon CEO: We Expected iPhone 5 To Drop This Summer

Verizon’s next CEO, Lowell McAdam – (PaidContent)

Not-yet-Verizon-CEO, Lowell McAdam, has spoken to CNBC noting that the telecom giant’s revenue for last quarter was knocked due to the no-show of Apple’s next-generation iPhone. Despite Verizon only receiving rights to sell the device back in March of this year, McAdam noted that growth has been “impacted”.

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.

As for that switcheroo on data plans earlier this month, McAdam noted that the main reason for the change was due to video streaming over the network, as opposed to a tactical move related to the iPhone, which is what was originally thought of the plans when announced.

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.

His appearance on CNBC was later followed by a call to analysts, in which McAdam noted that analysts should “check with Apple,” on when “iPhone 5″ might be due. However, he personally believes we’ll see the device – 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.

Video of the CNBC interview below – (Flash required).

[via MacRumors]