During a conference call with investors, Verizon's incoming CEO Lowell McAdam, blamed the company's stunted revenue growth on Apple not releasing the iPhone 5 this summer. He then kind of, sort of let it slip that the iPhone 5 is dropping this Fall. But we already knew that, didn't we?
"We are probably what I would view as maybe a quarter behind what we had talked about in January, primarily because we expected an iPhone 5 refresh sometime this summer," said McAdam. "We don't know when the next one is going to come out. You will have to ask Apple that, but we expect that probably sometime in the fall, and I think you will see a significant jump there when we get to that point."