Market Overview

Verzion Finally Getting The iPhone (AAPL, VZ)

According to a report from the Wall Street Journal, Apple's (NASDAQ: AAPL) iPhone will come to the world's largest network, Verizon Wireless (NYSE: VZ).

The new phone, was has been rumored about for months, if not years, will be powered by a Qualcomm (NASDAQ: QCOM) chip, and use CDMA technology, which had been the sticking point before.

The phone is expected to be released sometime in the first quarter of 2011.

Shares of Verizon spiked up on this news, gain 23 cents to trade at $33.32.

Apple is roughly flat on the day, losing 11 cents to $288.83.

Posted-In: News Wall Street Journal Rumors Media

 

Related Articles (AAPL + QCOM)

Around the Web, We're Loving...

Get Benzinga's Newsletters