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IPhone Coming To Verizon In January

http://online.wsj.com

Apple Inc. (AAPL) will launch its popular iPhone with Verizon Wireless as early as January, according to a media report Tuesday, which cited unnamed sources as confirming that widely anticipated step. In a Bloomberg News report, two unnamed sources described as familiar with the plans were said to have confirmed that Apple would expand iPhone domestic availability to Verizon (VZ) early next year. The device has been available exclusively over AT&T's (T) networks in the U.S. since its launch three years ago. Wall Street analysts have widely expected a launch at Verizon at some point in 2011. Jeff Kvaal of Barclays Capital wrote in a research note Tuesday that the move would happen sometime in the first quarter. "We believe the iPhone would be a plus for Verizon, but not a significant industry change, given the relative stickiness of smart-phone customers, as the primary source of Verizon iPhone [subscriptions] would be pent-up demand by existing Verizon [subscribers]," he wrote. The iPhone has become the largest revenue segment for Apple, bypassing the company's Mac and iPod businesses.

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IPhone Coming To Verizon In January