Verizon recently announced that it will carry the iPhone from February 10, 2011. Customers will be able to get a Verizon iPhone on a “first come, first served” basis via VerizonWireless.com around February 3.

If you’re hoping to get an iPhone with Verizon, then you’ll need to take out a two year contract with the carrier. From what we understand, a 16GB handset (with a two year contract) will retail at $199.99, while a 32GB handset be available for $299.99. Additionally, Apple fans will be able to pay full retail price for a Verizon iPhone, and avoid signing a long term agreement with the network.

Unfortunately, the Verizon iPhone will not run on Verizon’s new 4G LTE network. Instead, it’ll run on the CDMA 3G network we’re already familiar with. However, this means users will not be able to make calls and download data at the same time, as Verizon’s CMDA network does not permit the simultaneous use of data and voice on smart phones.

If you’re a fan of Verizon’s 3G Mobile Hotspot application, you’ll be pleased to learn that the Verizon iPhone will come with the app pre-installed. Additionally, Verizon apps such as VZ Navigator and V CAST Media Manager, will also be featured on the upcoming iPhone.

We’ll have more news on the Verizon iPhone soon, so check back with us for updates. In the meantime, let us know your thoughts in the comments below.

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