Earlier this month, some persistent rumors have surfaced pointing to Apple's move to make a version of the iPhone available in the Verizon Wireless' network. The move is mainly a response to the growing threat posed by Android, the Google smartphone heavily promoted by Verizon Wireless and which took over the iPhone in the last quarter, as the best selling phone in the market.
Apple plans to begin mass producing the new iPhone by the end of the year, and it would be released in the first quarter of 2011, according to the Wall Street Journal. The phone would resemble the iPhone 4 currently sold by AT&T, but would be based on an alternative wireless technology used by Verizon, still according to the Journal.
For more, see WSJ.com