I know, you’ve heard it before… But it’s official; Verizon announced yesterday the arrival of the iPhone 4 to their 3G Network (that’s right, the biggest disappointment was that the 3G, rather than the new 4G LTE, network would host the iPhone.) Still, after an exclusive 4-year contract with AT&T, Verizon will be the first carrier to offer the phone (I even got an exclusive invitation to pre-order before the February 10th release date, as an existing Verizon customer;-) So what does this mean from a marketing standpoint? Here are my assertions:

1. Competition – as ‘the world’s most reliable network’ Verizon already owns the lion’s share of the mobile market, now frustrated AT&T users will have the opportunity to switch carriers.

2. Marketplace – the new tag line “iPhone 4. Verizon. It begins.” and exclusive invitation to pre-order are more opportunities to advertise and perhaps, just the beginning.

3. Future – loyal Verizon patrons will likely extend contracts and new customers stand to be gained with the acquisition of the iPhone.

Overall, I think the addition (as well as anticipation) of the iPhone is a smart move by Verizon. Unfortunately, they turned the iPhone down initially, probably losing out on a monopoly. However, with Droid rivaling the iPhone and already on the Verizon network, maybe a monopoly is still to come…

What do you think of the Verizon iPhone announcement?