Verizon iPhone 4 due Valentine’s Day

Verizon iPhone 4 due Valentine’s Day

—According to Businessweek, Apple will hold a special event by Valentine’s Day to introduce a new iPhone compatible with the Verizon Wireless network.  The publication suggest that while the launch of an iPhone for Verizon Wireless could have a sizable impact on AT&T’s business, it will not be the “death blow” many have speculated.

Even if AT&T loses as many as 6 million subscribers as a result of Verizon’s iPhone launch, Businessweek postulates, the lost revenue will only amount to 4.8% of the carrier’s projected 2011 sales.

Posted 12/31/10