Buoyed By iPhones Sales Verizon Reports Stong Earnings

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A Verizon store is seen April 21, 2011 in Santa Monica, California.... Nyhetsfoto2011,Affär,Finansväsen,Horisontell,Kalifornien,Santa Monica,USA,Verizon CommunicationsPhotographer Collection: Getty Images News 2011 Getty ImagesSANTA MONICA, CA - APRIL 21: A Verizon store is seen April 21, 2011 in Santa Monica, California. Verizon announced today that it activated 2.2 million iPhones during the first quarter, helping the company more than triple its profit from a year ago. The company reported earnings of $1.4 billion on revenue of $27 billion for the quarter. Profit grew more than three-fold from the $443 million the telecom company earned during the same period last year. (Photo by Eric Thayer/Getty Images)