Verizon expected an iPhone 5 this summer

Verizon expected an iPhone 5 this summer

Verizon expected to see an iPhone this summer, even after they had worked out a deal for the iPhone 4, according to a CNBC interview with its COO Lowell McAdam. In the interview, McAdam commented on the impact that not having a new iPhone released in the quarter had on revenue growth.

“We had assumed that we would see an iPhone early in the summertime as it’s been usually,” said McAdam, “and that’s going to be a little bit later in the year now. 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.”

Ever been to a tech festival?

TNW Conference won best European Event 2016 for our festival vibe. See what's in store for 2017.

McAdam also noted that they still have no idea when the next iPhone will arrive, highlighting the fact that Apple really does give the carriers as little information as possible about new iPhone models until very close to release. He went on to say that only Apple knows when the new phone will be coming but that Verizon expects it ‘sometime in the fall’. He also said that he thinks that people will see a ‘significant jump’ in revenue for Verizon when that happens.

Read next: Frugality and determination make Help Scout a startup to watch

Here's some more distraction