Verizon iPhone release date closing in fast

Jan 11, 2011

Verizon iPhone release date is just around the corner. But will AT&T customers jump ship once the Verizon iPhone release date arrives?

After years of rumors, questions, and frustrations from some AT&T customers, the Verizon iPhone is real. America's largest cellular network announced Tuesday that it will soon carry America's most popular cellphone.

Now that the partnership is official, the most important question is: When?

The Verizon iPhone release date will be February 10. Current Verizon customers may pre-order the phone on February 3.

Price tags range from $199 for the 16GB model, $299 for 32GB.

The Verizon handset will be the same iPhone 4 offered to AT&T customers, with a few interesting tweaks. (Check back later today for a full breakdown of how the Verizon iPhone differs from the AT&T iPhone.)




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The chief differentiator will likely be connection strength. No one has played with the Verizon iPhone long enough to properly review it. However, Verizon has an impressive history of customer satisfaction. Consumer Reports' Winter 2010 reader survey tracked carrier quality in 26 metro areas – across all handsets, not just the iPhone. Verizon topped the satisfaction charts for every city. AT&T came in last place for 19 of them.

But AT&T PR head Larry Solomon fired back at this assumption in a recent Business Insider article. "The iPhone is built for speed, but that's not what you get with a CDMA phone," he said, referring to Verizon's network technology. "I'm not sure iPhone users are ready for life in the slow lane."

We'll see who's correct in February.

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Verizon Stock Slips Despite Verizon iPhone Announcement At Today’s Press Conference

Today was the day that many people were waiting for. Today was the official Verizon press conference in which the Verizon iPhone announcement was made.

For over 2 years now, fans of the iPhone were awaiting a partnership between Apple (AAPL) & Verizon (VZ), that would bring the iPhone to the Verizon Wireless Network. Today, came the official announcement, of the February 10th release date. On February 3, 2011, Verizon Wireless customers will have the ability to pre-order the iPhone 4.



After all the speculation and rumors have been swirling, one would have thought that Verizon stock would see large gains upon the huge news. However, that clearly wasn’t the case today. On a day when the NASDAQ was about even (as of 2:00 PM ET), Verizon (VZ) saw it’s stock price drop over 2%.

As of 2:00 PM ET, shares of Verizon Stock were down $0.75 (2.06%) per share on a trading volume of 32.90 million shares.

What could be the reasoning for the rather sharp decline? Day traders have a saying “Buy the rumor, sell the news”. Apparently that is what thousands of investors are doing here.

In other stock news, shares of Apple stock (AAPL) were down 0.76%, while shares of AT&T (ATT) were down 0.77%. AT&T is the company that is expected to suffer the most from the Verizon iPhone, according to some analyst.

What is your opinion on the Verizon stock slip today?

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