The long awaited and high anticipated Verizon iPhone is finally coming, according to a report on Bloomberg News.
The report cites two people familiar with the plans, who say the phone will be available to Verizon customers in January 2011. Spokespeople for Verizon and Apple refused to comment to Bloomberg.
AT&T has been the exclusive provider of iPhones since they were released in 2007. But its network has had quality issues. Indeed, many iPhone users complain about poor signals and dropped calls on AT&T's cell network.
Experts predict buyers will flock to Verizon and its superior network. Verizon has more than 90 million customers already. UBS AG analyst John Hodulik estimates Verizon and Apple would sell 12 million iPhones per year.
“The fact is, Apple is going to dramatically increase the number of devices it sells in the U.S. when exclusivity at AT&T ends,” said Hodulik. “It’s hard to ignore the quality issues that AT&T has faced.”
Verizon was in talks back in 2007 to offer the original iPhone. When the deal broke down over what Verizon called Apple's "control issues," Apple turned to AT&T, which was happy to live with Apple's conditions.