Verizon announced it will launch the iPhone 4 to existing contract holders starting Feb. 2.

Promotional pricing is $199.99 for the 16 GB model, and $299.99 for the 32 GB model with a new two-year activation agreement — new customers can order starting Feb. 10.

Also beginning Feb. 10, customers can visit an Apple retail store to purchase and activate the new Verizon version. However, existing iPhone users through AT&T will have to purchase the Verizon version of the iPhone to take advantage of their rates and services.

iPhone customers are able to choose from any of the current Verizon nationwide plans. Customers will also be required to activate a data package, in which pricing will be announced at a later date.

Features for the new iPhone 4 include a five-megapixel camera with LED flash, Face Time and high-definition video recording, a mobile wireless hotspot app, a built-in microphone and speaker for voice command, headphones, a built in GPS system and built-in WiFi for Internet access on the go.

By: DocMemory
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