Verizon Reports Strong Earnings On iPhone Contracts

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A Verizon Wireless sales associate is seen inside a Verizon Wireless... News PhotoBusiness,Finance,Horizontal,New York City,Store,USA,Verizon WirelessPhotographer Collection: Getty Images News 2012 Getty ImagesNEW YORK, NY - APRIL 19: A Verizon Wireless sales associate is seen inside a Verizon Wireless store on April 19, 2012 in New York City. With strong holiday sales of the iPhone 4S and a surge in customer billing Verizon reported first quarter earnings of $1.69 billion, or 59 cents per share compared to $1.44 billion, or 51 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)