Telecom & Wireless

Verizon (VZ) Makes A Play To Be King Of All Wireless

WinterVerizon Wireless (VZ)(VOD) plans to flank the AT&T (T) Apple (AAPL) iPhone marketing plan by any means available. It will launch versions of the Palm (PALM) Pre, which has to be a blow to Sprint (C), in six months. In addition, it will be selling the RIM’s (RIMM) Blackberry Storm, and a new Google (GOOG) Android-based phone. That cannot be good for No.4 US cell carrier T-Mobile, which is the only American company selling a phone with the Google mobile operating system now.

Verizon’s concerns are simple. The iPhone has been a remarkable success and has almost certainly pulled customers away from it. A suite of popular phones may keep many Verizon Wireless customers with the company and even pull some  subscribers away from AT&T and Sprint.

There are rumors that Verizon may even start to sell the iPhone in two years. Then it would have a full house.

Douglas A. McIntyre

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.