Despite concerns about a shrinking pool of U.S. cell phone owners who have yet to upgrade to smartphones, Verizon Wireless announced it activated 3.9 million iPhones during the second quarter, an increase of 44 percent surpassing analyst forecasts of 3.5 million iPhone subscribers.
In other words, of the 7.5 million smartphones Verizon activated in the June quarter, over 50 percent were iPhones. Smartphones now account for more than half of Verizon Wireless customers, rising to 64 percent from a previous 50 percent, according to the official earnings results the carrier posted Thursday...