Verizon (NYSE:VZ) Offering iPhone for $200

Verizon Wireless (NYSE:VZ) they'll launch their sales of iPhone at a price of $200, starting on February 10. Pre-order for the iPhone will start on February 3.

AT&T (NYSE:T) will of course be the big loser here, as the number of iPhones expected to be sold have been drastically reduced for 2011 and forward.

The $200 price point is for the 16-gigabyte model of the Apple iPhone 4. The 32-gigabyte model will sell for $300.00. Both will come with a two-year agreement.

Verizon was trading at $35.15, down $0.77, or 2.14 percent. AT&T was trading at $27.98, down $0.36, or 1.27 percent.