Verizon iPhone 4: Preorder Survival Guide

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Verizon customers in the United States can finally preorder Apple's iPhone 4 today. Demand for the iPhone on Verizon's CDMA network is expected to be high. Some analysts expect Verizon to sell as many as 25 million iPhones in 2011; Apple sold nearly 40 million iPhone 4 devices worldwide during the 2010 financial year. But before you buy the phone, here's what you need to know about today's early round of iPhone 4 preorders from Verizon.

Who can preorder?

Thursday's preorder round is for current Verizon customers only and orders will be fulfilled on a first-come, first-served basis. Verizon says it has a limited supply of CDMA iPhone 4 devices available. It's not clear when this stock might run out, but it's probably best to order ASAP if you want to preorder the Verizon iPhone.

What if I recently bought a new Verizon smartphone?

There are a few options for exchanging a relatively new smartphone, but keep in mind that most returns are subject to a $35 restocking fee.

If you ordered a new smartphone within the last 14 days you can exchange your device for the iPhone 4, no questions asked.

If you are past the 14-day return period, you can still exchange your new smartphone if you upgraded to a new Verizon device between Nov. 26, 2010, and Jan. 10, 2011. All you have to do is return your recently upgraded device and then reactivate the Verizon device you had before your upgrade. You can then sign up for the iPhone 4 at the subsidized price.

If you don't have your old Verizon device, you can buy an iPhone 4 at full price and then get a rebate through Verizon's "Special Upgrade Offer." The end result is that you will only pay the iPhone's subsidized price, but you will have to fork over more money upfront. Check out Verizon's "Special Upgrade Offer" page for full details.

Where can I preorder the phone?

To preorder you can either go to the Apple Store online or to

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