Verizon CEO: We will benefit from iPhone

Verizon CEO Ivan Seidenberg has stated that he doesn’t think the company needs to immediately respond to the iPhone. Speaking at the NXTcomm trade show in Chicago, Seidenberg said, “The way we come at this is to let the iPhone hit the market.” He continued, “I don’t think it changes the game plan for how we approach the market. But we need to see the impact. The burden is on (AT&T and Apple) to prove the market will change.” Seinberg also said that he thinks the iPhone may be able to spark new business across the industry. “The iPhone will add excitement and stimulation to the market,” he added. “If we have done our job, then we will be a beneficiary. I hope it does reasonably well.”

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