Yesterday, Verizon Wireless concluded the most successful first day of sales in company history, selling out and ceasing online preorders for iPhone 4 in preparation for its highly-anticipated Verizon Network debut.
The nationwide launch of the iPhone 4 on the Verizon Network will take place at over 2,000 Verizon stores on Feb. 10th starting at 7 a.m. The iPhone 4 on Verizon Wireless will also be available at Apple stores, Best Buy and select Wal-Mart locations, when Verizon become the first U.S. network ever to butt in on AT&T’s iPhone exclusivity period net week.
Dan Mead, President and CEO of Verizon Wireless commented that the sales were an “incredible success story, with most of the initial orders taking place between 3 a.m. and 5 a.m.”
With Verizon Wireless already positioned as one of the nation’s largest carriers, it will be interesting to see how many iPhone users convert from their existing AT&T network plans, as well as current Verizon subscribers switching from Android phones. At the same time, the extreme sales of the iPhone 4 on Verizon might be surprising to Consumer Reports, who recommends that customers hold off on purchasing the first “Verizon iPhone” due to no support for a world network, lack of 4G, and the fact that a newer version of the phone will likely be released soon. There is also question as to whether Verizon will be able to handle the data influx that will come from the deluge of customer buying iPhones and switching networks. AT&T subscribers probably aren’t so shocked, as 3G network stability has been a highly voiced user concern since the iPhone’s inception.
Regardless of what happens next Thursday, expect iPhone app developers, publishers and accessory manufacturers to benefit and flourish with a new base of over 90 million prospective customers who are already on the Verizon Wireless network, a significant addressable market for their new and existing apps and products.