TECH
07/23/2011 11:59 am ET Updated Sep 21, 2011

We Expect iPhone 5 Release This Fall: Verizon COO

NEW YORK -- Verizon Communications Inc. is benefiting from being able to sell the iPhone, but investors were looking for even stronger results in the second quarter. On a call with analysts, incoming CEO and current Chief Operating Officer Lowell McAdam was asked if he thinks smartphone adoption will speed up this year.

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