Verizon iPhone 4

Consumer Reports verifies what we all knew was coming: The Verizon iPhone is susceptible to the death grip.

Owners of an AT&T 32GB iPhone 4 can earn over $500 by trading in their device, so long as its in good condition.

The Verizon iPhone 4 went on sale at 7 a.m. EST this morning as AT&T unveiled a new mobile-to-any mobile offer, designed to lure customers away from the temptation of switching providers.

With broad retail support, the Verizon iPhone 4 may come close to selling out of initial supplies if the phone approaches one million units sold in its first week.

In two hours, Verizon's iPhone 4 became the company's best selling launch-day phone, making it a "very good day" according to the CEO Dan Mead.

Verizon is hoping that an unlimited data option will convince some discontent AT&T iPhone customers to switch providers.