Verizon Wireless is looking to gate crash on Apple's iPhone release by brining up its own smartphone, LG Prada. With iPhone's release date getting close, CNBC is speculating that the date could be June 20, Verizon is keen to attract potential iPhone customers by offering an alternative.
Apple announced the development of its iPhone amid much fan-fare during the Macworld conference in January. The 11.6 millimeters thick iPhone will be featuring a 3.5-inch, 160 dot-per-inch color screen, a 2 megapixel digital camera and a "Multitouch" screen, which can weed out unintended touches.
Verizon, which declined the offer to become the exclusive distributor for the iPhone, will be releasing its LG Prada phone, also known as KE850, to counter the popularity of iPhone. Similar to iPhone in structure, LG Prada will feature a camera and the ability to play music and videos and support document viewing. While iPhone is priced at $500, Verizon revealed that it will be selling the LG Prada for $600.
Verizon Wireless VP, Jim Grace revealed that his company has no regrets of rejecting Apple's offer to become the exclusive distributor of the iPhone. "We said no to [to the iPhone] offer. We have nothing bad to say about the Apple iPhone. We just couldn't reach a deal that was mutually beneficial", he said.
