Verizon’s activations of older iPhones better than expected by Philip Elmer-DeWitt @FortuneMagazine October 18, 2012, 3:09 PM EDT E-mail Tweet Facebook Google Plus Linkedin Share icons Click to enlarge. Source: Company reports. FORTUNE — Verizon VZ announced Thursday that it activated 6.8 million smartphones last quarter — 3.1 million iPhones and 3.4 million handsets running Google’s GOOG Android. That compares with 2.7 million iPhones and 2.9 million Androids in Verizon’s second quarter. The company also said that 21% of its iPhone activations were on its LTE network, which suggests that roughly 650,000 of those activations were iPhone 5s and about 2.45 million were older models. In a note to clients, Piper Jaffray’s Gene Munster called the results a “slight positive” for Apple AAPL . Based on Verizon’s report, it appears that non-iPhone 5 sales were down 9% q/q while we are currently modeling Apple to see a 35% q/q decline in non-iPhone 5 sales in September. The reason we were looking for a 35% q/q decline is due to the impact of customers waiting for the iPhone 5. The bottom line is that we are incrementally more comfortable with our 25 million September iPhone estimate. AT&T T is scheduled to release its quarterly results next Wednesday and Sprint S the following morning. We’ll get Apple’s fiscal Q4 results Thursday evening after the markets close. See also: How many iPhones did Apple sell last quarter?