On day 1 of selling Apple's (AAPL) iPhone, Verizon Wireless (VZ) sold out in just 2 hours and quit taking pre-orders Thu. night. That was a record for Verizon and ended AT&T's (T)3 years of exclusive iPhone rights. Verizon will start selling iPhones in stores Feb. 10; it could sell up to 12 mil in '11. Big iPhone subsidies could hit Verizon's profit, analysts said.
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