Verizon exec expects LTE-only phones in 2014 subsidies to de

According to CFO Fran Shammo, Verizon will have LTE-only phones in the market by late 2014 and expects device subsidies to decrease in the next few years. Speaking at the Deutsche Bank 2013 Media, Internet & Telecom Conference, Shammo explained that the move to LTE-only devices in late 2014 will help reduce the cost of smart phones. Presumably if a device doesn't require a CDMA chipset at all the manufacturers will be able to cut costs, but we have to wonder by how much the price could change just by leaving the CDMA chipset out. Further expanding on reducing the cost of smart phones, Shammo said that he expects device subsidies to fall over the next two to three years due to competition between manufacturers.