Editor's Note: This was a live blog from New York City's Rose Theatre where Verizon announced it will begin selling the Apple iPhone in its stores February, 2011. You can read how the announcement unfolded by reading from the bottom to the top.
11:44 AM/ET: It was all as expected from Verizon . The iPhone4 will be available in early February at price points equivalent to the AT&T version.
Many questions remain: how many customers will be jump from AT&T to Verizon? How many CDMA units can Apple produce and sell? And what does the all mean for the iPhone 5? But that's for another day.
11:30 AM/ET: Tim Cook continues to harp on one point... that despite the success and hypotheticals surrounding the iPhone, the #1 question he receives is "When is the iPhone coming to Verizon?"
And with that, the event concludes.
Cook: "This is the start of something big."
11:28 AM/ET: ...and for those wondering, the Verizon phone will have the same limitations when it comes to simultaneous data/voice use that other Verizon/CDMA phones do. No breakthrough there.
There is an additional feature in this device: a personal hotspot, which can connect up to five devices.
11:26 AM/ET: Oh, and Antennagate! When asked about any changes in the design, Cook merely responds by explaining that the antenna has been adapted to fit the needs of CDMA technology.
11:23 AM/ET: When asked about the refresh cycle (when will Verizon users get the iPhone 5), Cook answers that Apple doesn't comment on future devices, timelines, et al.
...and why isn't this 4G-compatible? The companies clarify that they wanted to offer Verizon customers access to the iPhone "now."
11:22 AM/ET: That is the same price as ATT.
There was talk it would be more expensive.
11:19 AM/ET: $199 for the 16gb model and $299 for the 32gb model. Both come attached w/ a two-year contract (no details yet on plan pricing).
With that, the lights go up, Tim Cook returns to join Dan Mead and Q&A begins.
11:18 AM/ET: February 3rd, Verizon Wireless customers will have exclusive opportunity to preorder the phone.
On Feb 10, everyone will have opportunity to buy the device online and in stores.
$199 for 16gb
$299 for 32gb
11:15 AM/ET: Verizon Wireless CEO Dan Mead now replacing Cook on stage... talking about the rigorous testing the company's done and the tireless efforts devoted to strengthening the network ahead of the sure-to-be massive usage uptick that the iPhone will bring.