Palm Pre Due From Verizon In Early 2010

By  Susan Nunziata — July 28, 2009

In the midst of announcing its earnings for 2Q 2009, which ended in June, Verizon confirmed on July 27, 2009, that it will offer the Palm Pre in early 2010, after Sprint's exclusivity arrangement with handset maker comes to an end.

The company also reportedly has a refreshed BlackBerry Storm in the works to be released before the end of 2009. An Android-powered handset is on the company's roadmap as well. No word yet on rumors that the company was also expecting to add the iPhone to its roster in 2010.

Verizon expects to launch its own mobile app store before the end of 2009

Smartphones and PDAs accounted for 40% of the carrier's new-device sales in the quarter. Data represented more than 29% of revenues, and data Average Revenue Per User (ARPU) increased to $15.

4G Ahead

On the 4G front, Verizon is planning LTE trials in Seattle and Boston later in 2009 with rollout of commercial LTE service in 20-30 markets by 2010 to reach a combined population of some 100 million potential users.

Verizon's 2Q 2009 earnings were down 21% to $1.48 billion from the same period the prior year. It added 1.1 million wireless subscribers in the quarter, an increase of 27%, to 87.7 million.

The company is planning to cut 8,000 jobs in second-half 2009, with most of the positions coming from its wireline unit. The carrier has already trimmed 8,000 people from its workforce in the past 12 months.

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