Today’s Big Story: Apple To Make iPhone For Verizon

March 30, 2010 at 8:15 am  ·  Category: Market Commentary, Stocks

The most interesting stock market story today is a report from The Wall Street Journal that Apple is making an iPhone for Verizon (VZ): “New iPhone Could End AT&T’s U.S. Monopoly”, The Wall Street Journal, March 30, B1.  Since 2007, Apple has had an exclusive iPhone partnership with AT&T (T).

The iPhone dominates the fast growing and high margin smart phone business and so this news is shaking up the industry.  Verizon’s network is CDMA as opposed to AT&T’s which is GSM.  Qualcomm (QCOM) is the leading maker of CDMA chips for cell phones.  Here are how the stocks of some of the parties are performing today:

Apple (AAPL): +1.51%

Verizon (VZ): +3.19%

AT&T (T): -1.62%

Qualcomm (QCOM): +0.62%

Research In Motion (RIMM): -1.33%

For more on AT&T and Verizon, see my “Top Gun FP Client Note: Two Stocks For A Range Bound Market”.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 
One Response to “Today’s Big Story: Apple To Make iPhone For Verizon”
  • I am and will only use Verizon wireless. I am so happy I can now buy an I phone on Verizon network.
    Thank You,
    Richard Beck

    Richard Beck  ·  Mar 30, 2010 at 12:35 pm  ·  Permalink

Leave a Comment

Name required
E-mail required, won't be published
Web site