News Summary: Verizon 3Q profit rises

AP News
Posted: Oct 18, 2012 10:31 AM

STRONG QUARTER: Verizon reported a blow-out number of new devices on its wireless network, boosted by the revolutionary Share Everything plan, which made it cheaper for households to add wireless service to non-phone devices like tablets and laptops.

THE NUMBERS: Verizon Wireless added a net 1.5 million devices to contract-based plans in the third quarter, more than it has in many years. Analysts were expecting it to add about 900,000. Including non-contract devices, overall additions were the strongest in four years.

OTHER BOOST: The end of the quarter saw the launch of the iPhone 5, which also helped Verizon's numbers.