Apple Inc. (Nasdaq: AAPL) will escalate the war for smartphone dominance in early 2011 by releasing a new version of its iPhone to run on the popular Verizon Wireless (NYSE: VZ) network, the biggest U.S. carrier by subscribers.
However, the phone won't make it out in time for the Christmas season, as many had hoped.
Apple will be ramping up to mass produce the new touchscreen handset by the end of 2010 and release it in the first quarter of 2011, people familiar with the matter told The Wall Street Journal. While the phone would be similar to the iPhone 4 sold by its current carrier, AT&T (NYSE: T), it would be based on an alternative wireless technology used by Verizon, the people said.
The Verizon iPhone will mark the end of AT&T's agreement with Apple that gave the telecommunications giant exclusive rights to market and sell the handset since 2007, when Apple Chief Executive Steve Jobs introduced the original iPhone.
Verizon has been testing its networks and capacity to handle the heavy data load by iPhone users, seeking to avoid the kind of bad publicity that plagued AT&T after booming sales of data-hungry iPhones crippled its network.
Question of the Week: Readers Respond to Money Morning's Technology Trends Query
Apple Inc. (Nasdaq: AAPL) delighted smartphone consumers and enthusiasts of technology trends when it unveiled its new iPhone 4, which will go on sale in the United States on June 24. The fourth-generation iPhone upgrades previous versions with a front-facing video camera for video calls, a higher-resolution screen, slimmer body, and an operating system that accommodates multitasking ability.
Chief Executive Officer Steve Jobs referred to the phone as the "biggest leap we have taken since the original iPhone." It's aimed at keeping the company's momentum going as Motorola's Droid phone, which uses Google's Android system, has edged some market share from Apple.
Apple's iPhone and iPad have helped supercharge the mobile-communications market. Those products - and others - have helped make sure that consumers and companies alike are inundated with new technologies, new applications, and a slew of new products. All these new options have potential buyers asking such questions as "Can this help me? " or "Do I need one? " or "Should I upgrade? "
We Want to Hear From You: How Have New Technology Trends Affected You?
Apple Inc. (Nasdaq: AAPL) delighted smartphone consumers and technology enthusiasts Monday when it unveiled its new iPhone 4, which will go on sale in the United States June 24. The phone upgrades previous iPhone versions with a front-facing video camera for video calls, a higher resolution screen, slimmer body, and an operating system that accommodates multitasking ability.
Chief Executive Officer Steve Jobs referred to the phone as the "biggest leap we have taken since the original iPhone."
It's aimed at keeping the Apple momentum going as Motorola's Droid phone using Google's Android system nabs some market share from Apple.
Apple Goes "Island-Hopping" in its War Against Google
Apple Inc. (NASDAQ: AAPL) on Tuesday took aim at rival Google Inc. (NASDAQ: GOOG) and its Android operating system by filing a patent-infringement complaint with the International Trade Commission (ITC) against smartphone manufacturer HTC Corp.
Taiwan-based HTC is the largest maker of phones that use Google's Android operating system, such as the Nexus One. Apple involved the ITC in hopes of banning U.S. imports of HTC devices made with the technology in question. However, that filing was paired with a suit filed in federal court in Delaware that claimed infringement on 20 patents.
"We can sit by and watch competitors steal our patented inventions, or we can do something about it. We've decided to do something about it," said Apple Chief Executive Officer Steve Jobs. "We think competition is healthy, but competitors should create their own original technology, not steal ours."