Verizon (NYSE:VZ) Wireless has announced four new phones for the holiday shopping season, one of which is being called a potential iPhone killer. The Voyager, which is made by LG and goes on sale Nov. 18, will have a touch screen and full-sized QWERTY keyboard when it is flipped open.
Despite its two screens and positioning as both cheaper and faster than Apple Inc.’s (NASDAQ:AAPL) iPhone, the Voyager looks unlikely to pose a major threat, says RBC Capital Markets’ Mike Abramsky. However, he does think it may slow defections from Verizon.
Verizon will also be selling a new BlackBerry Pearl, the Venus from LG, and Samsung’s Juke, a music phone that opens like a switchblade.
The analyst points to early reviews that suggest Voyager’s browser may offer less than the iPhone’s, the design is not as stylish, it is bulkier, and it doesn’t have iTunes, of course.
Volatility related to this competition is a buying opportunity for Apple shares, Mr. Abramsky wrote in a note to clients. He continues to rate the shares at “outperform.”