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"I think for now they should be OK," he said. "Remember, coverage for LTE is not nearly at 100 percent, so even if you have an LTE device, you are not necessary always going to be in an LTE coverage area -- which would revert back to 3G technology."
Verizon Spokeswoman Brenda Raney told us the company is ready.
"We have the largest 4G network so we are very prepared if a customer wants to use an iPhone 5 on the network," she said. "We have more LTE coverage than all the other carriers combined."
An AT&T spokeswoman did not address the question directly but cited new LTE markets rolling out in coming months.
Not So Fast
Another analyst, Ken Dulaney of Gartner Research, said Apple's claim that LTE can be faster than Wi-Fi is dubious.
"LTE is a shared service that is rated higher but far more people will be using this per cell and the speeds will be far below what you could get with 802.11n," said Dulaney, referring to a standard that can support up to 300 megabits per second.
Most LTE providers promise single or low-double-digit Mbps rates for upload and download.
"While WiFi is also a shared service, far fewer users exist per cell than per base station," said Dulaney. "It's a matter of looking at raw performance versus reality."
The in-contract price for the iPhone 5 is the same as that of its predecessor, beginning at $199 for the 16-gigabyte model. There had been some speculation that component costs would increase the cost of an LTE iPhone.
"Apple has a phenomenal supply chain and makes huge profits on each phone," Dulaney said. "So it's not surprising the price stayed the same."