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Verizon iPhone Not Happening This Year Report

Verizon Communications Inc. (VZ) probably won’t sell an iPhone this year, despite recent reports to the contrary, and, even if it did, the device wouldn’t be based on CDMA technology.

Verizon is building a 4G network using the LTE protocol, and scores of people have wondered why Apple Inc. (AAPL) would make an iPhone for the CDMA standard, which is used in few places outside of the United States.

Now, according to Reuters, it looks like analysts and observers jumped the gun in heralding the arrival of a Verizon iPhone in 2010. The Wall Street Journal first wrote about the industry-changing possibility in late March. Apple has refused to confirm or deny and earlier this week, even Verizon CEO Ivan Seidenberg downplayed talk of a Verizon iPhone. Such a device for the nation’s largest wireless provider would be “Apple’s call,” Seidenberg told reporters.

One analyst, Jonathan Chaplin at Credit Suisse, told Reuters the comments add “a little credibility to what I’ve been saying” – that a Verizon iPhone is not happening any time soon. Seidenberg is “trying to realistically set expectations,” Chaplin added.

Chaplin told Reuters he thinks AT&T Inc. (T), the iPhone’s exclusive carrier in the United States, will maintain those rights for another 12 to 18 months.


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