Verizon Communications on Friday revealed that it sold 2 million iPhone handsets during the third quarter of 2011, 700,000 fewer than top rival AT&T. Verizon reported its third-quarter earnings on Friday and during a conference call with analysts, the carrier revealed that it sold 2 million iPhones last quarter. AT&T on Thursday reported that it activated 2.7 million iPhones during the same quarter, 35% more than Verizon. AT&T of course, had a steep advantage that has grown even more substantial following the introduction of Apple’s iPhone 4S. During the third quarter, Verizon Wireless sold a $199 iPhone 4 with 16GB of storage and a $299 iPhone 4 with 32GB of storage. AT&T offered the same two models along with a less expensive iPhone 3GS that the carrier says was very popular. In the fourth quarter, Verizon and AT&T will both offer a $99 iPhone alongside three iPhone 4S models, but AT&T also now has a free iPhone 3GS to give away on contract. Verizon blamed next-generation iPhone rumors for slowing iPhone 4 sales during the third quarter.

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.