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Verizon Chief Shoots Down 2011 iPhone Dreams

If you're desperate for an iPhone but refuse to move from Verizon to AT&T, then we've got even more rumors of a CDMA iPhone to raise your hopes. Apple Insider cites analyst Jeffrey Fidacaro from Susquehanna Financial Group who yesterday told investors that checks to foreign suppliers indicate Apple is preparing to build a shipment of three million CDMA iPhones in December. This further perpetuates rumors that the Cupertino-based consumer electronics company plans to launch a Verizon iPhone early next year.

Rumors of a Verizon iPhone are practically as old as the device itself, however, things have really kicked off in the last few months and we've been hearing more reports than ever about a CDMA iPhone. Unfortunately, recent comments from Verizon hint that a CDMA iPhone is a still nothing more than a possibility. This morning the company's chief Ivan Seidenberg said that he would love to have the iPhone on his network but added that he feels Verizon needs to 'earn' the iPhone.

"We don't feel like we have an iPhone deficit. We would love to carry it when we get there, but we have to earn it," Seidenberg said.

How does Seidenberg think his company can earn the privilege of carrying the iPhone? With its upcoming 4G network, of course.

"I think 4G will accelerate the process, and any other decisions Apple makes would be fine with us," he told the Associated Press. "Hopefully, at some point Apple will get with the program."

Seidenberg said Verizon's 4G LTE network should achieve nationwide coverage by 2012, which conveniently enough is in line with the expiration of Apple and AT&T's exclusivity contract.

Source: Apple Insider, AP (via Yahoo! News)