Apple Reported to Be Working on iPhone for Verizon Network
According to the Wall Street Journal, Apple is expected to release two new iPhones this year, including one compatible with the CDMA network used by Verizon Wireless, Sprint and others, The Wall Street Journal reported, citing people briefed by the company. The introduction of a CDMA-based iPhone would effectively end Apple's exclusive deal with AT&T in the U.S.
"You're not going to lose the iPhone [exclusivity] and make up growth somewhere else without bearing the cost," said Sanford C. Bernstein & Co. research analyst Craig Moffett.
Apple is also reportedly working on a new version of its current iPhone that is thinner and sports a faster processor.
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