Verizon Wireless had a very good financial quarter, beating the analyst estimates and enjoying high earnings. At the same time, the fourth quarter looks uncertain. The reason, the Apple iPhone. While AT&T grows customers at a high rate, Verizon growth is seen as below average.
Consumers are expecting the iPhone to launch on Verizon in first quarter 2011. And many are waiting to update their phone or switch providers. I am part of that former group. My contract with Verizon has been up for a while and I have no intention of changing my phone till the iPhone is released. I have seen what is out there and know what I want. I believe the same holds true for others. "Verizon Wireless, a joint venture of Verizon and Vodaphone Group, could sell 9 million iPhones a year, Charlie Wolf, an analyst at Needham & Co., has said." And both Apple and Verizon will enjoy a very healthy and profitable 2011.