Monday, January 17, 2011

Verizon Unwraps iPhone

Verizon Wireless finally told the world that it will start selling the iPhone, but the carrier toiled in secret with Apple Inc. for two years to make it happen.

The country's largest wireless carrier said it would have the iPhone in stores on Feb. 10 starting at $199, the same price charged by rival AT&T Inc., which has had the phone to itself since its launch in June 2007.

The move will give Apple an important new source of sales in its biggest market for the iPhone and help it compete with rival Google Inc., which had made inroads for its Android operating system by teaming up with Verizon to develop high-end smartphones.

It also will shake up the U.S. wireless market, ending a deal that has driven much of AT&T's subscriber growth and forcing smaller carriers like Sprint Nextel Corp. and T-Mobile USA to compete against bigger rivals armed with an immensely popular phone.

For the complete article, please click here.

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