Verizon's Big iPhone Quarter

NEW YORK ( TheStreet) -- Verizon ( VZ) reported strong third-quarter earnings Thursday of 77 cents a share on revenue of $30.3 billion. The big takeaway, as usual, was the number of Apple ( AAPL) iPhones activated during the quarter, and it was a lot.

Analyst Walter Piecyk from BTIG noted that Verizon activated 3.89 million iPhones during the quarter, up 25% from last year.

The iPhone continues as Verizon's most popular smartphone, accounting for just slightly more than 50% of contract activations during the quarter. During the quarter, Verizon added 1.1 million net retail connections, including 927,000 net retail postpaid connections, with a postpaid churn of 0.97%.

During the quarter, Apple announced the new iPhone 5s and iPhone 5c, which have performed exceptionally well. In the phones' opening weekend, Apple announced it sold more than 9 million new iPhones and raised fiscal fourth-quarter guidance as a result.

We'll get the full iPhone numbers when Apple reports on Oct. 28 after the bell. Analysts are expecting Apple to report earnings of $7.88 a share on revenue of $36.76 billion, according to those surveyed by Thomson Reuters.

Shares of Verizon jumped in pre-market trading Thursday, gaining 2.9% to $48.61, while Apple was slightly higher, trading at $501.18.

-- Written by Chris Ciaccia in New York

>Contact by Email.

More from Technology

Alphabet, Coca-Cola, Caterpillar Reveal Earnings Season Will Be Awesome

Alphabet, Coca-Cola, Caterpillar Reveal Earnings Season Will Be Awesome

CHART: Here's How Much Apple Stock Has Lost in Value in the Last Five Days

CHART: Here's How Much Apple Stock Has Lost in Value in the Last Five Days

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

How Did Caterpillar Get Its Name?

How Did Caterpillar Get Its Name?

Wait, Google Was Almost Called What?

Wait, Google Was Almost Called What?