The iPhone is coming to the Verizon network. According to an article in the Wall Street Journal, Verizon to make the announcement at an event Tuesday in New York City.
This development will shake up the entire cell-phone world, as the monopoly that AT&T has held as Apple's carrier is set to end, leading to competition for iPhone users' plans, as well as, hopefully, lower prices. Smaller players in the market will be affected as well -- the two biggest players in the industry will be offering the most popular phone, essentially freezing out smaller players, for the time being.
"This is the worst case scenario for the other carriers," said Roger Entner of Recon Analytics to the Wall Street Journal. "When Verizon comes out with the iPhone, there's only one carrier in the U.S. that will gain customers, and that's Verizon."
AT&T has been the exclusive carrier for iPhones since the device was launched in 2007, but it hasn't had that much competition from other phones, until recently with the steady creeping up in use of Google's Android phone.
Source: The Wall Street Journal