JPMorgan's Phillip Cusick predicts the iPhone 4S launch will help Verizon Wireless (VZ, VOD)...

|About: Verizon Communications (VZ)|By:, SA News Editor

JPMorgan's Phillip Cusick predicts the iPhone 4S launch will help Verizon Wireless (VZ, VOD) deliver a net gain of 1.2M postpaid subscribers in Q4 - above a prior forecast of 1M, and far higher than expected gains of 450K for AT&T (T), and 250K for Sprint (never mind T-Mobile's 400K decline). Moreover, he estimates Verizon's per-unit iPhone subsidy only amounts to $350, below AT&T's $375 and Sprint's $400.