Carrying Apple's iPhone will make all the difference for Verizon , Cramer said Thursday.
Before getting the popular device, three-quarters of its net subscriber additions were for smartphones. Being as it now carries the hottest product on earth, Cramer thinks the number will skyrocket. It will be a profitable venture, too, as a smartphone generates an average of $90 a month in revenue, whereas a regular prepaid phone only generates $35 a month.
Cramer thinks the iPhone will help bolster Verizon, but to what degree? For answers, he chatted with CFO Francis Shammo. Check out the full interview by watching the video.
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