Verizon Falls as AT&T Wins Round in Carriers’ IPhone Battle
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Verizon Communications Inc. fell the most in three months in New York trading after losing to AT&T Inc. in the battle for iPhone customers in the second quarter.
Verizon Wireless, the country’s largest wireless carrier, said today it activated 2.3 million of the handsets made by Apple Inc. in its first full quarter of selling the device. AT&T said yesterday it switched on 3.6 million devices in the period, including the older 3GS model, which it sold for $49.