NEW VERIZON: The wireless side of the business continued to do well, even though iPhone-fueled AT&T is attracting slightly more customers under contract, who are the most lucrative.
OLD VERIZON: The wireline side is barely breaking even, now that Verizon Communications Inc. has sold off some profitable outlying areas to Frontier Communications Corp. Heavy investment in FiOS _ optical fiber connections _ is stabilizing revenue somewhat.
SO, ABOUT THE IPHONE: Recent media reports say Verizon is getting a version of the iPhone early next year. The company hasn't confirmed this, and comments from executives appear to downplay the possibility.