Verizon in Negotiations With Apple Over iPhone Pricing
With the exclusive iPhone deal between AT&T and Apple ending this summer, Verizon is reportedly in negotiations with Apple to offer a CDMA version of the device on its network this year. Maynard Um from UBS Investment Research wrote a note to investors that stated, "We believe a CDMA-iPhone is also in the works, though we believe Verizon Wireless and Apple may currently be apart on pricing."
Um's research points to a new iPhone release this summer, including a CDMA network compatible iPhone for Verizon or other CDMA carriers in Japan and China. Ongoing negotiations between Verizon and Apple have been rumored to be happening frequently in recent months. The release of a Qualcomm hybrid chipset that supports multiple wireless network technologies has also added to speculation.
Conflicting reports from within Qualcomm have led some to believe that Apple will use the hybrid chip in a new version of the iPhone hardware. Apple has been moving to a multiple-carrier model in several countries as exclusive deals expire.
Verizon Wireless was the first company that Apple approached about selling the iPhone, however the company did not strike a deal. AT&T Wireless (formerly Cingular) ended up with the exclusive deal which expires later this year.
When it comes to competing with the iPhone, Verizon already carries the Motorola Droid, HTC Touch, BlackBerry Storm and Samsung Omnia. The company will soon offer the Google Nexus One and Palm smartphones on its network.