Verizon CEO: Pressure is on Apple and AT&T to deliver

Verizon CEO: Pressure is on Apple and AT&T to deliver

Apple and AT&T are scheduled to launch the highly anticipated Apple iPhone mobile phone device later this month.

This has placed the competition at a disadvantage considering the craze people have for Apple products.

Apple iPhone is destined to become a huge selling mobile phone device. Verizon however is not worried.

Verizon’s CEO Ivan Seidenberg said in a statement that the entire industry would benefit from the launch considering all the hype building around the new device will add excitement and stimulation to the wireless industry.

He said: “We think we’re the premier wireless carrier. We’ll be a beneficiary in a different way.”

Seidenberg admitted that they could possibly lose 1 million customers to AT&T who might move to get an iPhone. Apple is in an exclusive agreement with AT&T to offer the iPhone in the US market.

Seidenberg added: “We’ve had 27, 28, 32 quarters in a row of growth in the postpaid market. We have a bunch of devices introduced that we think customers will be interested in. You should buy a ticket to the game and see what happens.”

He also talked about their future service offerings. Seidenberg said that they are currently testing 100Mbps downstream capabilities on its FiOS fiber-to-the-home service using broadband passive optical networking technology.