Verizon IPhone 4 Prices:16-Gigabyte $ 199 And 32-Gigabyte $ 299

Today, two industry innovators together to offer something that consumers are eager for years,''said Lowell McAdam, president of Verizon.

Apple had to create a new version of the iPhone's 4, because Verizon's network uses CDMA technology, as opposed to GSM technology, used in current iPhones.

Verizon iPhone 4 will be available for preorder on February 3 for existing customers of Verizon and will be available for preorder from 10 February.

The 16-gigabyte version will cost $ 199 phone with a two-year contract, while the 32-gigabyte version will cost $ 299 - the same as AT & T. The price of data plans has not been determined.

The arrival of the iPhone on Verizon ends an exclusivity agreement between Apple and AT & T.

Analysts say the move could double its share of Apple's smartphone market and prevent the emergence of phones with the Android software from Google.