Ending months of speculation Verizon will officially offer the iPhone to it’s customers beginning in January of 2011.
“Verizon Wireless, the largest U.S. mobile-phone company, will start selling Apple Inc.’s iPhone next year, ending AT&T Inc.’s exclusive hold on the smartphone in the U.S., two people familiar with the plans said.
The device will be available to customers in January, according to the people, who declined to be named because the information isn’t public. Natalie Kerris, an Apple spokeswoman, and Jeffrey Nelson, a Verizon Wireless spokesman, declined to comment.
The iPhone, which has been the sole domain of rival AT&T in the U.S. since June 2007, will give Verizon a boost in its competition for smartphone customers, UBS AG analyst John Hodulik said in an interview. Verizon customers, who numbered 92.8 million at the end of the first quarter, may buy 3 million iPhones a quarter, he estimates.
“Apple is going to dramatically increase the number of devices it sells in the U.S. when exclusivity at AT&T ends,” said Hodulik, who is based in New York and rates Verizon shares “neutral.” “It’s hard to ignore the quality issues that AT&T has faced.”
Verizon Wireless, which is building a high-speed fourth- generation network, plans to unveil several devices that will run on the new technology in January at the Consumer Electronics Show, Chief Executive Officer Lowell McAdam has said.”
I’ve long since said that this is a no-brainer. Verizon is a clearly more available and efficient network than AT&T and unable to keep up with the demand that the iPhone and other 3g phones place on it’s network. No matter what the hype the iPhone is clearly a better device than the Droid or the HTC.
Top Stories in the Blogosphere News
Microsoft Office 2008 for Mac. Starting at just $149.95 with free shipping.
The Commander in Chief at Work!
Reading List
Most Popular Posts
RSS feed for comments on this post · TrackBack URI
Leave a reply
You must be logged in to post a comment.