Verizon to end AT&T's iPhone monopoly

Posted by Trent Nouveau

Verizon is reportedly poised to unceremoniously end AT&T's controversial and oft-criticized iPhone monopoly.

According to Bloomberg, Verizon will start selling the popular handheld Apple device as early as January 2011.

Verizon to end AT&T's iPhone monopolyUnsurprisingly, UBS AG analyst John Hodulik estimated that iPhone sales would provide Verizon with a definite and obvious "boost" in its competition for smartphone consumers.

"Verizon customers, who numbered 92.8 million at the end of the first quarter, may buy 3 million iPhones a quarter," said Hodulik.

"The fact is, Apple is going to dramatically increase the number of devices it sells in the US when exclusivity at AT&T ends...It's hard to ignore the quality issues that AT&T has faced."