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Signs in a Verizon store promoting iPhone sales. (Reuters)
Verizon Wireless ended online sales of Apple Inc.’s iPhone Thursday evening after what it said was “the most successful first day sales in the history of the company.”
The No. 1 U.S. mobile operator said it ceased pre-orders at 7:10 p.m. after opening limited pre-orders for the device to its existing customers at 3 a.m. Thursday morning. Get the full story »
The Verizon version of the Apple iPhone is displayed on Jan. 11, 2011. (Don Emmert/AFP/Getty Images)
On the day the iPhone went on sale for Verizon Wireless customers, the carrier delivered a warning to its heaviest data users: Verizon reserves the right to slow down your access speed.
For the subscribers that fall within the top 5 percent of the network’s data users, Verizon said it may reduce their download speeds for the current and subsequent billing cycles, according to a memo on the carrier’s website. The company said the slow-down would most likely be periodic and during peak hours.
“Our proactive management of the Verizon Wireless network is designed to ensure that the remaining 95% of data customers aren’t negatively affected by the inordinate data consumption of just a few users,“ the memo said. Get the full story »
Motorola Mobility shares rose 5 percent after AT&T Inc. said Motorola’s next product would be its flagship phone as the pair look to compete against the new Apple Inc. iPhone at Verizon Wireless.
AT&T, which first showed off the Motorola Atrix phone January 5, has given up its more than three years of exclusive rights to sell the iPhone. Motorola has been seeking new partners since Verizon, its biggest customer, has selling the phone.
The pairing of Motorola and AT&T was not a surprise for analysts. But after shaving as much as 20 percent off Motorola shares in the days after its earnings report last week, investors showed some relief when AT&T said in a Wall Street Journal story that it would push the phone heavily . Get the full story »
Investors in Verizon Communications Inc. have been betting big on the company’s newly announced deal to sell Apple Inc.’s iPhone product — pushing the stock to some of its highest valuation levels in the past decade.
That has sparked debate on Wall Street about how economically beneficial the device will be to the carrier, despite widespread projections calling for the sale of 10 million units or more this year.
In particular, the iPhone likely will be heavily dilutive to Verizon’s earnings this year, given the subsidies the carrier will have to shell out to Apple for the device. Get the full story »
Verizon Wireless has announced that the iPhone will be available on its network in early February. (Justin Sullivan/Getty Images)
After waiting three-and-a-half years, Verizon Wireless customers will finally get their hands on Apple’s iPhone next month.
The top U.S. wireless operator ended months of speculation and anticipation from impatient consumers on Tuesday by announcing that it would begin selling a version of the iPhone on Feb. 10 at the same prices as AT&T.
“I’m going to switch right away. I’m going to go back to Verizon,” said Raheem Noble, 24, a New York City rapper, who was on his way to buy the device before being told that preorders would not begin until Feb. 3. Get the full story »
