Verizon announcing iPhone support next week - Report

AT&T's iPhone monopoly may soon be at an end. The Wall Street Journal is reporting that on Tuesday, Verizon will be holding an event to announce it will soon be adding Apple's ultra-popular phone to its suite of mobile devices.

The financial daily did not say when the carrier will begin offering the iPhone. However, it cited unnamed sources as saying that the Verizon iPhone will use Verizon's CDMA technology versus the AT&T standard.

Even though the Verizon announcement hasn't been made yet, analysts quickly approved of the move. "It's a big boost for Apple," Tim Ghriskey, the chief investment officer of New York-based Solaris Asset Management, told the Journal. "It opens up a huge uninstalled base for them in this country."

According to the Journal, Verizon is the nation's largest wireless carrier with some 93 million subscribers. Sanford Bernstein analyst Toni Sacconaghi told the newspaper that the iPhone could add over 10 million members to the company's subscriber base.

In addition to the announcement, sources told the Journal's All Things D blog that Apple CEO Steve Jobs himself may likely appear at the event alongside Verizon president and COO Lowell McAdam. McAdam is already confirmed as hosting the event, invitations for which were sent to the press this afternoon.