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They stopped selling them because the demand was outrageous and they didn't want to be swamped with backorders for months. This was in no way a flop for Verizon or Apple.
No, it's actually really popular, And for people who say AT&T is gonna go out of business because Verison has the iPhone, your really wrong. AT&T's loss-of-customer rate is lower than any other network. They have very loyal customers.
Also, the Verison iPhone is much slower with interent. But it's still awesome