As many expected, Verizon and Apple have officially announced the iPhone 4 this morning. The iPhone will come available with Verizon on February 10th with the features that we have come to expect with the iPhone such as 16GB or 32GB of internal storage, Facetime and a 5 megapixel camera. Not to mention the Retina Display. Also included will be Mobile Hotspot for up to five devices. But aside from the Mobile Hotspot detail, we already knew all that stuff about the iPhone. So what about the important details, you know the pricing and who will be eligible for upgrades. Well, the price will be $199.99 for the 16GB model and $299.99 for the 32GB model, both of course are on a two-year agreement. Existing Verizon customers will have the option to pre-order on February 3rd. The one bummer, “Verizon Wireless is not offering any early upgrade promotion at this time.” In other words, some current Verizon customers are going to have to wait even longer.