Businessweek: Verizon iPhone to be announced by Valentine’s Day

According to a report from Bloomberg Businessweek on Wednesday, Apple will hold a special event by Valentine’s Day to introduce a new iPhone compatible with the Verizon Wireless network. The report mirrors one of two theories posed by BGR Editor-in-Chief Jonathan Geller earlier this month. Businessweek goes on to suggest that while the launch of an iPhone for Verizon Wireless could have a sizable impact on AT&T’s business, it will not be the “death blow” many have speculated. Even if AT&T loses as many as 6 million subscribers as a result of Verizon’s iPhone launch, Businessweek postulates, the lost revenue will only amount to 4.8% of the carrier’s projected 2011 sales.

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