The company has performed well in the financial market, showing solid growth from 2006 through to the present. Stock performance is a good indication of how the market rewards a company. The stock market performance of the company has varied substantially over the time period. The company’s data report looks at how $100 of stock would perform in the market from 2005 to the present day, with the dividends being reinvested. The value rose to $160 in 2007 before dropping to a little under $140. Stock value increased slightly in 2009, and in 2010 it reached $180. This provides an indication of how the stocks for the company have performed over the time period. The same report compared the company’s performance to that of the average for the top 500 companies in the American economy (S&P 500 Telecommunications Services Index and S&P 500 Stock Index). For both cases Verizon Wireless outperformed them, with the Telecom Services Index finishing at around $110, the Stock Index at $130 and Verizon Wireless at $180 in 2010. This indicates that Verizon Wireless consistently outperforms its competitors. The main competitors for Verizon Wireless are AT&T wireless, and Internet America wireless. Financial information was obtained from United States Securities and Exchange Commission Complete Analysis External Analysis Verizon Wireless offers wireless internet service across America. It primarily competes with other businesses that offer similar services such as AT&T and Internet America. As well as wireless
services, Verizon offers a range of phone and other android devices, all of which can be connected to their wireless. Customer base ranges dramatically across age groups, class and financial income. The range of devices and plans that Verizon offers allows it to be used by both those that have significant income, who are able to get the most advanced devices and phones, and those with low income who are able to take advantage of some of Verizon’s free phone offers. Reaching customers is challenging as there are a number of businesses that offer similar services. One of the ways that Verizon entices customers is the free phone plans, which require a certain level of contractual commitment on the part of the customer. Demand for the products and services that Verizon provides is increasing with time, as more and more consumers turn to using smart phones, and using laptops in many locations where other sources of wireless are not available. AT&T is one of the major competitors for Verizon. It offers the largest Wi-Fi network of any wireless provider, as well as offering a similar level of different phones and devices, and a wide range of different types of plans. In addition, they also offer digital TV and home phones, as well as combined packages, which are not offered by Verizon. It is one of the most widely used providers of wireless internet in America. Internet America is another competitor that offers wireless internet, but it focuses on areas outside the limits of cities, so it does not focus on much of the same customer base as Verizon. Internal Analysis Verizon offers high speed internet plans, and devices that can be used with these plans. They have numerous types of 4G phones and other devices. Their wireless service can be used on these devices or on any type of device that uses Wi-Fi. Their competitive edge comes from the speed of the internet that they offer and their wide range of coverage.