Verizon iPhone Release Confirmed, Fortune Reports: Inside The Verizon-Apple Deal
In a piece on Verizon's "dream phone," Fortune's Sarah Ellison writes that Fortune has "confirmed that a Verizon iPhone will be released in early 2011."
Fortune describes why Verizon initially declined to carry the iPhone, then later reconsidered:
Verizon executives say they passed on an opportunity to be the exclusive network for the phone back in 2005 largely because they felt that Apple and CEO Steve Jobs wanted too much control over how and where the devices would be sold -- and too big a cut of the monthly service fees. Verizon didn't want to give up maintenance of its devices or its relationship with its customers, and it sought to distribute the phone through multiple retail partners. So Apple went with AT&T, of course, and conversations between Apple and Verizon about a phone essentially ceased for two years.
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In a piece on Verizon's "dream phone," Fortune's Sarah Ellison writes that Fortune has "confirmed that a Verizon iPhone will be released in early 2011."
Fortune describes why Verizon initially declined to carry the iPhone, then later reconsidered:
Verizon executives say they passed on an opportunity to be the exclusive network for the phone back in 2005 largely because they felt that Apple and CEO Steve Jobs wanted too much control over how and where the devices would be sold -- and too big a cut of the monthly service fees. Verizon didn't want to give up maintenance of its devices or its relationship with its customers, and it sought to distribute the phone through multiple retail partners. So Apple went with AT&T, of course, and conversations between Apple and Verizon about a phone essentially ceased for two years.
