By Dow Jones Newswires
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 »
By Reuters
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 »
By Reuters
Verizon Wireless in a statement Sunday said it will pay millions of dollars in refunds to 15 million cell phone customers who were erroneously charged for data sessions or Internet use.
By Mary Ellen Podmolik
| If it seems like you’ve been inundated with online ads this year, you were.
U.S. Internet users received a record 1.1 trillion display ads during the year’s first quarter, a 15 percent increase versus a year ago, according to comScore’s Ad Metrix.
Get the full story »
By Wailin Wong
| Sprint Nextel Corp. has lost its appeal to an advertising watchdog
because of its boast of being “America’s most dependable 3G network.”
The dispute stemmed from a claim against Sprint that rival Verizon
Wireless made in November to the National Advertising Division of the
Council of Better Business Bureaus. The NAD asked that Sprint
discontinue its claim, prompting the company to appeal the decision to
the National Advertising Review Board.
Get the full story »
