Posting total consolidated Q2 revenues of $32.2bn, up 2.4% year on year, Verizon’s portfolio looks pretty healthy – offsetting falling service revenues with an increase in equipment revenues driven by its adoption of installment payment options. While its direct IoT revenues are a fraction of total revenue, at $165m, the company is on track to blow past its $500m forecast for 2015. In the first two quarters, Verizon has scored $320m in IoT revenue, which include its vehicular telematics products. For the total wireless division itself, which excludes its FiOS and new AOL divisions, total revenue hit $22.6bn for Q2, up 5.3% year on year. Verizon Wireless reports an operating income margin of 34%. In terms of its network composition,…