Verizon reported a 0.9% year-on-year rise in revenues to 32.9 billion US dollars for the third quarter of 2019. It said the growth was primarily driven by higher wireless service revenue, partially offset by lower wireless equipment revenue and declines in legacy wireline revenue, predominantly in the business segment.
In response to an analyst question about 5G, CEO Hans Vestberg, commented: "There's coming a next-generation chipset in the second half of 2020. That's really when we think we're going to have a more massive deployment of [5G]. .... this is just the next step for us to get all the insights, billing, experience for our consumers, so we can really take a big step when it come to the next-generation chipset.
"Basically all phones coming out next year will be 5G capable. So we will have a range of phones coming out next year. There's one brand that we don't know, and we haven't talked about them, and again, they need to talk about when they will have a 5G phone. But all others will basically have their phones coming out. So I feel good about it, the performance has gone up dramatically. I mean if I look at the Galaxy coming out, the Samsung Galaxy, which is one of the first phones where in the beginning, we tune up to 500, 600 megabits per second, which we thought was great. That's doing 2 gig right now constantly in the ultra wideband. So we see also a clear improvement on the software tuning between the network and the handsets." Source: Verizon documentation