During the fourth Quarter 2011, Verizon sold a total of 4.2 million units of the latest rendition of iPhone. This number was more than double the number of units sold by Verizon during the third quarter. While this is good news for both Apple and Verizon, the news has not particularly been good for the stock where their price is currently at $39.21o USD or down 1.309% for the day.
The stock had over 2 million share trade today but with the news of the sales, everyone expected much more of Verizon (VZ), however, the smaller margins on sales of the iPhone caused the stock to slip. Apple (AAPL) on the other hand is soaring and closed the day at $413.440 USD or up over 1/2 a percent.
