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App Market Poised for Growth as Verizon Announces iPhone Availability

Key details of Verizon Wireless’ iPhone announcement this morning: • The carrier will begin to offer Apple’s iPhone 4 online and in stores on Feb. 10. Pricing for the phone starts at $199 with a two-year service contract. • The Verizon iPhone will run on the carrier’s CDMA network. “We have designed this network for customers to have an optimum experience,” Verizon executive Dan Dee told reporters at a press conference in New York (via Engadget). “We have been drive testing this on our network. We’re now into the thousands of devices, and we could not be more pleased.” • Apple’s deal with Verizon is multi-year, but non-exclusive, Apple COO Tim Cook said at the press event. • The CDMA network functionality appears to be the chief difference between the Verizon iPhone and the version of the device available via AT&T. Unlike AT&T’s GSM network, Verizon’s network does not support simultaneous voice and data usage, Engadget reports. • Regarding apps and entertainment, Verizon’s website delivers Apple’s standard pitch for its App Store. The site makes no mention of Verizon offering iPhone apps in its own store; nor does it seem that the phone will offer Verizon-branded entertainment features such as V Cast mobile video.

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