Verizon report sends Apple shares to all-time high

Mar 30, 2010

(AP) -- Apple Inc. shares have hit another all-time high now that it appears the iPhone could find a new sales outlet through Verizon Wireless.

The Wall Street Journal reported that Apple plans to release an this year that would work on the network technology used by . For now the phone is available only to subscribers of AT&T Inc.

Apple and Verizon declined to comment.

Apple shares rose as high as $237.48 on Tuesday before retreating to $235.30, up 1.3 percent on the day. has jumped about 13 percent this month.

Shares of Verizon Communications Inc., which owns a majority of Verizon Wireless, rose 2.6 percent Tuesday morning, although the stock of its partner, Vodafone Group PLC, was nearly unchanged. AT&T dropped 1.2 percent.

Explore further: Amazon surprises with $214 mln quarterly profit

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Verizon, Apple discussing iPhone

Apr 27, 2009

Verizon Communications Inc. and Apple are discussing the possible development of an iPhone for the US telecom giant to be introduced next year, USA Today reported on Monday.

CDMA iPhone may be coming soon

Jan 06, 2010

(PhysOrg.com) -- The largest wireless carrier in the US, Verizon Wireless, is thought to be in negotiations with Apple to release a CDMA network version of the iPhone later this year, if a price can be agreed ...

Verizon 1st-qtr profit, revenue beat expectations

Apr 27, 2009

(AP) -- Verizon Communications Inc. said Monday its earnings grew 5 percent in the first quarter, boosted by its acquisition of Alltel Corp. and strong demand for its wireless, Internet and TV services.

Verizon's big ad push for Android takes on iPhone

Oct 19, 2009

(AP) -- An aggressive TV ad campaign from Verizon Wireless is adding to the support building for a software package from Google Inc. that is shaping up to be the most formidable challenge yet to Apple Inc.'s ...

Microsoft in cellphone talks with Verizon

Apr 28, 2009

US software giant Microsoft is in talks with Verizon Wireless to launch a touch-screen cellphone early next year in a bid to compete with Apple's iPhone, The Wall Street Journal reported Tuesday.

Recommended for you

Google delivers another earnings letdown, stock sinks

25 minutes ago

Google has gotten into the habit of missing analysts' earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn't pouring so much money into far-flung projects ...

Smartphone Snapshot: Samsung getting squeezed

1 hour ago

The runaway success of Apple's newest iPhone has fueled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea's Samsung for the title of world's leading seller ...

Mashable gets $17 mn funding led by Time Warner

4 hours ago

Mashable, a news website focused on technology and entertainment, said Thursday it raised $17 million in capital led by Time Warner Investments, to help fuel expansion plans.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.