Here’s Why Verizon Wins with the 4G Enabled iPhone
Verizon’s (NYSE:VZ) massive fourth generation long-term evolution (4G LTE) network has 230 million points of presence, making it the largest wireless provider in the United States. Second place AT&T (NYSE:T) and runner up Sprint Nextel (NYSE:S) have been ramping up their coverage efforts in order to close the gap, but Apple’s (NASDAQ:AAPL) new iPhone could disproportionately benefit Verizon, pushing the company farther into the lead. This comes just a year after Verizon broke AT&T’s sole rights to the Apple tech.
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Currently, most smartphones, including the iPhone 4S, aren’t equipped to take advantage of 4G LTE technology. The new Apple device expected to be announced on September 12 will be the first iPhone to offer the capability, and the company is predicting 10 million sales in the first month. Users who want to take advantage of 4G LTE speed are way more likely to turn to Verizon because of its superior coverage. AT&T has also been targeted for some unpopular data plan propositions involving Apple’s FaceTime.
Just to spice up the 4G LTE arena, Samsung has threatened to sue Apple over 4G LTE related technology in the new iPhone, while Amazon’s 4G modem hasn’t yet been approved by the Federal Communications Commission.
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