Frank Barnako submits: Verizon could have had the exclusive on Apple Inc.'s iPhone but couldn't agree to Steve Jobs' terms to be in control of the product's distribution and customer service.

WHEN MASTER Steve Jobs announced that his iPhone would only run through an exclusive deal with Cingular, observers wondered why he chose that particular Telco.

http://www.JewishWorldReview.com | In what could prove to be the most embarrassing misstep in consumer electronics history, Apple Inc. announced today that it would recall its entire production run of the Apple iPhone after discovering that it had failed to include a "phone" feature in the much-hyped handheld device.

Verizon Wireless could have been the first wireless carrier to offer the Apple iPhone, but the mobile carrier passed on the opportunity because Apple's financial terms were too steep, Verizon said Monday.

Verizon Wireless passed on the chance to be the exclusive distributor of the Apple iPhone almost two years ago.

South Korea's LG Electronics will start selling a new mobile phone that incorporates a buttonless touch-screen resembling the much-hyped iPhone from Apple Inc. LG's Prada Phone is being produced in partnership with the Italian fashion brand.

SnowDog74 writes "According to an article in USA Today, Verizon Wireless rejected an Apple deal over the iPhone. The article says that Verizon wasn't happy with the strict terms Apple demanded — a Verizon Wireless VP is quoted saying that Apple wanted a cut of monthly revenues and control of the customer relationship. What's perhaps equally interesting, however, is the implication from sources ...

Analysts are questioning Bill of Materials costs on Apple's iPhone that surfaced earlier this month, suggesting that Apple's true gross margins may prove to be far lower than predicted. A previous cost analysis of the iPhone predicted a margin of up to 50 percent on every model sold, but other analysts believe actual margins may land nearer to the ...

Verizon Wireless reportedly declined a deal that would have made it the exclusive distributor of Apple's iPhone. "We said no," Jim Gerace, a vice president at Verizon Wireless, said. "We have nothing bad to say about the Apple iPhone. We just couldn't reach a deal that was mutually beneficial."

After it was reported that Apple teamed with Cingular Wireless to distribute its new iPhone , the news has surfaced that Verizon actually passed on the deal two years ago.