Verizon Could Bring Apple Millions of iPhone Users
By YUKARI IWATANI KANE and SHAYNDI RAICE JANUARY 8, 2011
Apple Inc. watchers are already doing rough calculations and think Verizon Wireless could generate sales of millions of iPhones this year.
Verizon has invited reporters to a press event where it is expected the wireless carrier will announce it will carry the iPhone. At the Consumer Electronics Show, conference goers weighed in on the news.
Sales estimates vary, but many analysts agree Apple will likely sell9 million to 12 million iPhones on Verizon's network next year, a huge boost in the iconic phone's most important market.
To put that into perspective, AT&T Inc. sold 11.1 million iPhones in the first nine months of 2010. Piper Jaffray & Co. estimates a full-year total of 14.5 million iPhones for AT&T, accounting for 12% of Apple's overall revenue and 30% of its iPhone sales. In its fiscal year, ended September, Apple reported revenue of $20.34 billion.
Verizon, the country's largest wireless carrier, will have the phone available in stores around the end of the month, a person familiar with the matter says.
Verizon Is Said to Be Planning to Announce iPhone 4 on Its Network
By MIGUEL HELFT January 7, 2011
SAN FRANCISCO - Verizon Wireless plans to announce on Tuesday that it will soon begin selling Apple's iPhone 4, according to a person with direct knowledge of the plans.
The long-expected arrival of the iPhone on Verizon will end years of exclusivity for AT&T and is likely to upend the smartphone market in the United States.
It is not clear how soon after the announcement, which will be made in New York, the phone will be available for sale.