Verizon says they do not need to compete with the iPhone

Verizon doesn’t need no stinkin' iPhone, and they’re willing to tell the world about it. Verizon CEO Ivan Seidenberg said at a press event that Verizon does not need an “iPhone killer” because they have far superior service and a loyal user base. “Our customers have price points and service packaging that is different.” So, is this Verizons way of saying they don’t have an iPhone competitor in the works? Are they just trying to save face after turning the device down? Or, is it really "the network?" What do you think?