Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results.