According to a new CNNMoney report, Verizon sold a record number of iPhones in the fourth quarter and could have sold more if it weren't for supply constraints that plagued the iPhone 5 during the quarter. Verizon sold 48% more iPhones than they did a year ago. Half of the sales were for the new iPhone 5. The iPhone still remains the device of choice for customers with two-year contracts on Verizon, Sprint, and AT&T. The nation's largest wireless company said the iPhone made up nearly two-thirds of its smartphones sales last quarter. Even though Verizon's news is nothing but positive, another Wall Street brokerage firm decided to lower their target price on Apple. Apple reports their financial results for Q1 2013 after the markets close tomorrow.
Other information about the conference call could be found here.
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