The iPhone continues to be a boon for subscriber growth for Verizon.
The New York-based telecommunications giant posted a first-quarter profit of $1.69 billion, or 59 cents a share, compared with a year-ago profit of $1.44 billion, or 51 cents a share.
Revenue rose 4.6 percent to $28.46 billion.
Analysts, on average, had forecast earnings of 58 cents a share on revenue of $28.17 billion, according to Thomson Reuters.
While the industry has suffered an overall slowdown in customer growth -- particularly on the contract side -- Verizon has remained resilient. The carrier has the … Read more