Analyst: Verizon Unlikely To Get iPhone In 2010
Credit Suisse analyst Jonathan Chaplin issued a downgrade for Verizon’s stock prices this morning based on the assumption that they are unlikely to get the iPhone this year. There have been a lot of people hoping to see a Verizon iPhone, but it now looks increasingly unlikely after the announcement that the iPad would be on AT&T’s 3G network instead of Verizon’s.
“We believe there is a 75 percent probability that AT&T keeps exclusivity in 2010,” Chaplin writes.
The major factor blocking the iPhone from going to Verizon is Verizon’s seldom-used CDMA network technology, which would require Apple to manufacture an alternate iPhone containing CDMA-compatable components, which would only be usable on Verizon’s network and a handful of others around the world.