Today during Verizon and Apple’s press conference in New York City announcing the iPhone 4 on the carrier’s network, Apple COO Tim Cook fielded a question that has been on a lot of people’s minds: why won’t the iPhone on

Yes, Verizon is getting the iPhone 4. And other than the fact that it will work on Verizon’s 3G CDMA network, it will look a lot like . . . AT&T’s iPhone 4. It will have a retina display, FaceTime, a 5 megapixel camera, HD video recording, and an Apple A4 chip. But it will also have one new feature exclusive to Verizon dubbed “Personal Hotspots.”