Verizon: iPhone 3GS Cost us Money, Helped Drive Innovation

While all of the 2010 Verizon iPhone/Tablet rumors are still in the air, Verizon has seen a very real loss of profit this last quarter. Their total profit was $3.16 billion, which was down from $3.4 billion one year ago. According to Denny Strigl, Verizon's president, this loss is partly due to AT&T and iPhone 3GS.


blockquote>"When you think about what Apple has done in bringing the iPhone into the marketplace, it truly has accelerated innovation. And as we talk to all of our manufacturers, everybody has come out with their own iconic device, and I think that this has been very good overall for our customers."

Verizon is planning to launch a few iPhone competitors in the near future with the Palm Pre and the new BlackBerry Storm 2, along with some Google Android phones. Make no mistake, those are some nice phones, but none of them have an Apple logo on the back side.

2010 should be a very interesting year...

IM Staff

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