Verizon iPhone announcement expected

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Flag of the United States

After years of speculation and rumor, the big day is here: The anxiously awaited unveiling of a Verizon iPhone is expected to take place Tuesday morning — at 11 a.m. on 1/11/11, to be exact.

On Apple’s (AAPL, Fortune 500) end, the iPhone has been a huge success. The company has sold more than 70 million iPhones since the device’s launch in 2007. In its its fiscal fourth quarter it sold more than 14.1 million, up 91% from a year earlier.

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