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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Sex infection gonorrhea risks becoming "superbug" 29 Mar 2010 UPDATE 1-Nissan prices Leaf EV at premium to Prius in Japan 29 Mar 2010 Man arrested for threatening Rep. Eric Cantor 29 Mar 2010 Sex virus blamed for rise in head and neck cancers 26 Mar 2010 Scenarios: Global impact if Israel strikes Iran 29 Mar 2010 Junk food addiction may be clue to obesity: study 28 Mar 2010 Latin singer Ricky Martin says he is gay | Video 29 Mar 2010 Fox picks up sketch-comedy pilot from Jamie Foxx 28 Mar 2010 U.S. reverses stance on treaty to regulate arms trade 14 Oct 2009 Obama rallies troops on first Afghan trip | Video 28 Mar 2010 special report Inside a global cybercrime ring It was a full-fledged company with an HR department, call center and company parties. Employees cranked out code at a frenzied pace. The product? Computer viruses. Full Article Law would single out cybercrime havens Authorities lobby for ICANN changes E-crime reporting closer to a standard Apple may be working on iPhone for Verizon: report SAN FRANCISCO Tue Mar 30, 2010 1:41am EDT Related News Apple may be working on iPhone for Verizon: report Mon, Mar 29 2010 UPDATE 2-Apple may be working on iPhone for Verizon -- WSJ Mon, Mar 29 2010 Apple and Verizon jump on iPhone report Mon, Mar 29 2010 AT&T, Verizon criticize FCC for satellite firm deal Mon, Mar 29 2010 Key lawmaker backs FCC's spectrum plan Thu, Mar 25 2010 A customer tries out the new iPhone 3GS on the first day it is being sold at the Apple Store in Zurich June 19, 2009. Credit: Reuters/Christian Hartmann SAN FRANCISCO (Reuters) - Apple Inc appears to be working on a new iPhone model for No. 1 U.S. mobile carrier Verizon Wireless, the Wall Street Journal reported on Monday. Technology | Asian Markets | Media Verizon Communications Inc shares surged on the news, rising 3.4 percent in after-hours trading, while the shares of AT&T Inc, the current exclusive carrier of the iPhone in the United States, fell 2.2 percent. Apple is apparently developing a CDMA-compatible iPhone model that would work on Verizon's network, the Journal reported, citing people briefed on the matter. An Apple spokeswoman said the company does not comment on rumors and speculation. Verizon also declined to comment. Verizon Wireless is a venture of Verizon and Vodafone Group Plc. When asked about the report, an AT&T spokesman said: "We have a great relationship with Apple and we don't comment on the specifics of that relationship." AT&T also repeated previous comments that the iPhone "will be an important device for us for quite some time." Apple has released a new iPhone model every summer for the past three years and is widely expected to do so this summer. But a CDMA-compatible iPhone may come later in the year, the Journal report suggested. Contract manufacturer Pegatron, a unit of Taiwan-based Asustek, is scheduled to start mass producing CDMA iPhones in September, the report said, citing one source. But it was unclear when Apple might start selling that model. Broadpoint Amtech analyst Brian Marshall said it was "only a matter of time" before the iPhone landed with Verizon. He said Verizon has a better network than AT&T and a larger base of customers. Marshall expects a Verizon iPhone to happen early in 2011. Verizon has roughly 6 million more wireless customers than AT&T. Rumors have been swirling for some time about Apple launching an iPhone with Verizon. AT&T has been the sole U.S. carrier since the iPhone's debut in 2007 and some iPhone users have complained about the quality of the AT&T network. "AT&T has known all along that its exclusive relationship with Apple would change into something else some day. From the beginning of its relationship with Apple, AT&T has factored this change into its business and technology planning," a person familiar with AT&T said. Verizon shares rose to $31.50 from a close of $30.45, while AT&T shares slipped to $25.97 from a close of $26.51 Apple shares rose 2.3 percent to $237.65 in extended trading from a close of $232.39. (Reporting by Gabriel Madway and Sinead Carew; editing by Andre Grenon) Technology Asian Markets Media Add a Comment More from Reuters China economists urge renewed yuan rise SHANGHAI/BEIJING (Reuters) - China should allow the yuan to resume its gradual appreciation, two new advisers to the central bank said on Tuesday, as Beijing faces intense U.S. pressure to let its currency rise. Apple may be working on iPhone for Verizon: report Australia says Rio trials opaque; business seeks answer | Video NASA to test Toyota electronics in safety probe Japan plans targets to reduce debt level: media Asian economy looking up, but hint of menace lingers » More Top News Menace lingers in Asia Things are going so well with Asia's economy that if this were a movie, now is when disaster would strike. Full Article China's influence silences Asia on yuan Looking into Intel? Go to China Asian Markets What happens if Israel strikes? If Israel attacks Iran over its nuclear activities, the fallout could range from a simple rise in oil prices to a world back on the brink of economic crisis. Full Article An impossible conundrum for markets Israel to focus on key nuclear targets Israel-Iran standoff challenges Mideast Timeline: Israel and Iran statements World © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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