Will the $49 iPhone 3GS set the new Standard for Feature Phones?
Everyone’s assumption is that Verizon Wireless will announce a CDMA version of the iPhone 4 will be available on their network in just a few short hours. I don’t know if this is true. But, it seems entirely plausible.
Apple stock rose $6.33 per share (1.88%) in anticipation of the news. Verizon’s stock was essentially flat with 1 cent loss (-0.03%) while AT&T dropped 55 cents (-1.77%) balancing (percentage-wise) Apple’s gain. My guess is that we won’t see as many defections of iPhone users from AT&T to Verizon as some people believe.
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