Verizon today reported its financial results for the third quarter of 2012, announcing a revenue of $29.0 billion. The press release focused on Verizon Wireless, which activated 6.8 million new devices in the quarter, 3.1 million of which were iPhones. The carrier also revealed that 21% of its iPhone activations were iPhone 5 activations, accounting for about 650,000 units in the last few days of the quarter.
"In the third quarter, Verizon continued to deliver double-digit earnings growth and strong cash generation, and we remain solidly on track to meet our financial objectives for the year," said Lowell McAdam, Verizon chairman and CEO. "With our 4G LTE network advantage, well-received Share Everything Plans and unmatched product portfolio, Verizon Wireless continues to do an outstanding job of balancing growth and profitability. Wireless achieved record profitability in a quarter in which we reported the highest number of retail postpaid gross and net adds in four years."