Originally Posted by
potfish
Because for various technical or commercial reasons the chipsets that came out in the meantime were deemed not suitable, and they HAD to get a 3G product out there. It's a bit different this time. There simply doesn't exist a mass-production ready chipset capable of LTE/HSDPA/GSM which would fit into the iPhone design (i.e. what is ready today is too big). Don't know much about CDMA but that's normally behind the GSM curve. There's a lot of new stuff expected in the next few months though - we'll know more after the Mobile World Congress next month.
I agree that a tri-mode chipset would be pushing it - but CDMA/3G GSM chipsets are very common and have been in a bunch of phones. But apparently Apple and/or Verizon decided they didn't want to make a phone that would work worldwide.