Verizon Wireless posted a stellar first quarter as its earnings were buoyed by the launch of the iPhone in February and the introduction of its first LTE smartphone, the HTC Thunderbolt, in mid-March.
The company sold 2.2 million iPhones during the last seven weeks of the first quarter, about one-fifth of which were customers new to Verizon. The iPhone 4 produced the most successful first-day sales in Verizon Wireless' history when it hit shelves in February.
