Verizon announced during its first fiscal quarter earnings report on Thursday that it activated 4 million iPhones, which comes in above Wells Fargo analyst Maynard Um's 3.5 million unit target. The cell service provider's activations were down compared to last quarter, but are up year over year. Still, Apple's quarterly iPhone numbers may come in below expectations, leaving investors unhappy.
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Verizon's iPhone sales were lower quater-over-quarter, but up year-over-year. With just the one data point to work with so far, it's hard to accurately estimate Apple's quarterly sales numbers, but that won't stop analysts and investors from trying. Be ready for doom-and-gloom reports if Apple doesn't beat analyst expectations next week.