Verizon Wireless Press Coverage Announcing the iPhone 4 [RECAP]

Event Recap

- The Daily Show's John Oliver is on hand, with cameraman apparently in tow.
- Media has been admitted to the venue and attendees are getting seated. Venue has a small stage with a screen showing Verizon's logo and the company's "Rule The Air" marketing logo.
- We're getting underway. Verizon's Lowell McAdam is on-stage.
- Setting context with CES and the convergence of data, broadband, and video. "Today two innovators are coming together."
- Talking about FiOS, new 4G LTE network rolling out. "We debated calling this 6G" - responding to other carriers such as AT&T rebranding their HSPA+ service as "4G".
- "Today we're partnering with a giant of the industry, and that's Apple."
- Started talking about bringing the iPhone to a CDMA network in 2008. Tested for a year.
- Today announcing that the iPhone 4 will be available on Verizon early next month.
- Thanking Apple's senior team...pleasure working together.
- Apple COO Tim Cook on-stage. Highlighting success of iPhone, very excited to bring it to Verizon.

- Has all the features you expect: FaceTime, Retina display, 5-megapixel camera with HD video, custom A4 chip, etc.
- Verizon's Dan Mead on stage to talk about launch details.
- Verizon employees getting the iPhone this week. Ramping unprecedented supply in inventory system.
- Talking about network preparations...have been building in capacity to handle the coming surge.
- Current Verizon customers can pre-order beginning February 3rd. Available to all at Verizon and Apple stores on February 10th.
- Pricing is $199 for 16 GB, $299 for 32 GB. Can also act as Wi-Fi hotspot for up to five devices.
- End of presentation. McAdam, Cook, and Mead now taking questions.

Q&A

Q: How many do you plan to make in the first quarter or year?
A: Cook: I'm not going to get into our forecast. But it's a tremendous opportunity.

Q: Will it be on a yearly refresh cycle?
A: Cook: No comment.

Q: Why no LTE?
A: Cook: Two reasons - First, LTE chipsets force design changes we couldn't make in the iPhone 4. Second, Verizon customers said they want the iPhone now.

Q: Is the CDMA version exclusive to Verizon?
A: Cook: It's a multi-year deal, but non-exclusive.

Q: Did you change the antenna?
A: Cook: We've optimized things to work on CDMA, but I'm not commenting on anything beyond that.

Q: Simultaneous voice and data?
A: Cook: "It's consistent with other CDMA devices now", meaning no.