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Verizon expected to announce iPhone coverage

Verizon is expected to announce that it too will carry the iPhone. Apple introduced the iPhone four years ago, and until now had an exclusive contract with AT&T. Jennifer Collins reports.

TEXT OF STORY

JEREMY HOBSON: Verizon is getting ready for a major announcement tomorrow. And word is — four years after Apple introduced the iPhone — it may now be available on more than one carrier.

Marketplace’s Jennifer Collins reports.


JENNIFER COLLINS: That one carrier has been AT&T. And AT&T hasn’t exactly had the best reputation these last few years.

LAURA DIDIO: The cellphone coverage is notoriously poor.

Laura Didio is with Information Technology Intelligence Consulting. She says a Verizon iPhone could bring with it better deals for consumers.

DIDIO: Verizon is really going to try to make the most of this opportunity by offering even more bundles than they have been.

Apple — reportedly — sold more than 45 million iPhones last year. Tech analyst Rob Enderle says with Verizon, those sales could double.

ROB ENDERLE: I think it’s very clear that apple needs to get around AT&T if they want to grow their market and grow it significantly.

Enderle says the deal has taken so long because Verizon and Apple have some history.

ENDERLE: Apple went to verizon before they went to AT&T and verizon basically laughed them out of the office and ever since then they haven’t been willing to let them back in again.

Funny how a blockbuster phone can change the mind.

I’m Jennifer Collins for Marketplace.

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Verizon expected to announce iPhone coverage