Well, according to the Wall St. Journal.
The iPhone is finally coming to Verizon Wireless.
The largest U.S. wireless carrier will make the long-awaited announcement at an event Tuesday in New York City, a person familiar with the matter said Friday.
The move will for the first time let U.S. consumers choose the network that carries their iPhone and perhaps give them additional pricing options that could affect their monthly bills.
It will also upend the balance of power in the industry, ending Verizon rival AT&T Inc.'s exclusive hold on the device and leaving smaller players like Sprint Nextel Corp. and T-Mobile USA facing two well-capitalized competitors offering the world's most popular smartphone.
It wasn't immediately clear when Verizon would have the device in stores.
The Verizon phone will be similar to the iPhone 4 but run on the carrier's CDMA technology, people familiar with the matter have said.
Looks like the device will only be 3G. Epic fail IMO, considering the release of Verizon's 4G LTE network. I think it's too little too late to be honest. There are many better devices out there and many more 4G phones on the horizon. Apple will gain some customers from moving to Verizon, but I don't think they will ever take back the crown from Android.
Here Magus, this is what the Wall St. Journal reports:
Originally Posted by Wall St. Journal
IPhone users have long complained about dropped calls and poor service on AT&T's network, even as the carrier boosted spending to improve coverage. A Consumer Reports survey last month ranked Verizon's network as most reliable among the major carriers and AT&T's as the worst.
They go on to predict 1-3 million lost subscribers
due to the release.
They also claim that the iPhone announcement will overshadow the 4G network announcement (which has already been touted in commercials). I don't know if that's necessarily the case.