“Verizon Wireless says it’s ready for a rush of buyers in the next two weeks for Apple Inc.’s iPhone,” Cromwell Schubarth reports for The Triangle Business Journal.

“Existing customers can begin ordering their devices on Thursday at 3 a.m. Eastern time, a time that is being counted down on the website where they can make their purchases,” Schubarth reports. “The rest of the U.S. can buy a Verizon iPhone a week later on Feb. 10.”

Schubarth reports, “The company says that it will be able to handle the expected sales of between 400,000 to 500,000 in the first weekend.”

MacDailyNews Take: Uh oh. Who’s setting first weekend iPhone expectations for Verizon, Steve Ballmer?

Schubarth reports, “When the Verizon iPhones go on sale at the carrier’s and Apple stores at 7 a.m. EST on Feb. 10, long lines are expected… Verizon is offering the 16-gigabyte iPhone 4 for $199.99 and the 32GB version for $299 for 32 GB with a two-year service contract. There is an unlimited data plan available for $29.99 a month and customers who want to take advantage of the new Wi-Fi hotspot feature will pay $20 more per month.”

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