Apple may announce a CDMA version of the iPhone 4 that works on Verizon by Valentine's Day, according to BusinessWeek.
Apple's introduction of an iPhone for use on Verizon's network will come sometime after the Consumer Electronics Show in Las Vegas in early January, according to a person familiar with Apple's plans who is not authorized to discuss them publicly.
The article surmises that the blow to AT&T may not be as bad as suggested, mainly because most customers are either locked into a contract or will not want to go through the hassle of switching carriers.
Still, even if AT&T loses more than twice as many customers as Hodulik projects, the carrier will not suffer a fatal blow. If 6 million of its customers defect, the $6 billion in lost annual revenue would amount to about 10 percent of AT&T's wireless sales in 2011, according to UBS projections. The $6 billion would be 4.8 percent of its total projected sales of $126 billion in 2011.
Earlier this month, AT&T started moving up iPhone 4 eligibility dates for some customers in what was seen as an effort to lock down as many contracts as possible before Verizon gets the device.
*thanks iclarified*
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