BusinessWeek Says Verizon iPhone Coming Very Soon

Posted on December 30, 2010 by

From BusinessWeek:

Very soon, maybe by Valentine’s Day, Apple will likely host one of its splashy product introductions to announce a new version of the iPhone that works on Verizon’s network. Customers are expected to stampede to the new pairing, leaving AT&T, until now the exclusive U.S. distributor of the iPhone, with an enormous problem.

Apple’s introduction of an iPhone for use on Verizon’s network will come sometime after the Consumer Electronics Show in Las Vegas in early January, according to a person familiar with Apple’s plans who is not authorized to discuss them publicly. Estimates from industry analysts of the resulting number of defections to Verizon from AT&T range from 1 million to 6 million. John Hodulik, an analyst at UBS Securities, comes in somewhere in the middle. He predicts that AT&T will sell 8.8 million iPhones in 2011, down from 15.6 million in 2010. Of the 13.3 million Hodulik expects Verizon to sell in 2011, about 2.3 million will be to AT&T refugees, he predicts. An additional 10 million will be current Verizon subscribers who upgrade from other devices, and the rest will come from other carriers.

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