Verizon Suffers $2B Loss In iPhone Plan, Looking To Recover The Money In Time
Verizon is going through a rough-patch, apparently, as it announced a loss of $2.02 billion in revenue for the last quarter. The quarter witnessed the iPhone 4S launch, which was the second model to be sold under the Verizon banner. Verizon stated this week that it sold 4.3 million of iPhone 4S and 7.7 million smartphones overall.