Verizon to end unlimited iPhone plan

[From Eric Mann] If you are on Verizon and you have an iPhone and are still enjoying the unlimited plan then bad news I'm afraid." Verizon Communications Inc. will stop offering unlimited data plans for Apple Inc.’s iPhone as soon as this summer, Chief Financial Officer Fran Shammo said. The carrier, which began selling the iPhone last month, now offers a $30 unlimited data plan on the device. Such plans on the handset are “not a long-term solution,” Shammo said today at a Morgan Stanley conference in San Francisco." Read in full.