Pulse Check: Don’t Count on a Verizon iPhone This Year
Research Recap submits:
Verizon Communications (NYSE: VZ) shares jumped to an almost 4-month high after renewed reports of the pending arrival of a CDMA version of the iPhone, but now analysts say any deal with Apple (NASD: AAPL) likely won’t see a CDMA iPhone in US stores before the end of the year. Credit Suisse’s Bill Shope wrote in a research report “We wouldn’t count on a Verizon iPhone for the holidays,” adding that a device may be in the works, but that Apple won’t be supporting Verizon until 2011 (WSJ blog). UBS analysts Maynard Um also noted a Verizon phone would be unlikely this year, but that a CDMA phone could be launched with international operators in Asia, such as China Telecom and KDDI later this year. (MacObserver).Complete Story »
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