A Verizon spokesperson declined to comment. But while Verizon has publicly said it remains interested in a deal with Apple, Reid suspects it won't involve the current generation of iPhones.

What's more likely, Reid says, is that Verizon makes a deal to sell other Apple devices like the elusive Apple Tablet and the next version of the iPhone running on long term evolution or LTE, a fourth generation wireless technology.

In other words, Reid expects Verizon to wait for something special rather than put its name on a three-year-old iPhone. But that could be a long time from now.

"We expect Verizon to offer only 4G Apple handsets in 2011," Reid says.

-- Written by Scott Moritz in New York.

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