Verizon (VZ) Exec All But Confirms 4G iPhone (AAPL)
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Price: $42.12 +1.42%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.7%
Revenue Growth %: +2.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.7%
Revenue Growth %: +2.5%
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Either the next iPhone is going to run on 4G networks... or Verizon will no longer carry the device.
Verizon (NYSE: VZ) Tech Chief David Small spoke with Dow Jones Tuesday, explaining how Verizon's recent 4G outage was caused by network updates as the carrier is expanding coverage of the next-generation service.
In addition, Small mentioned Verizon plans to cover 260 million Americans by the end of 2012. This is up from a previous estimate of 250 million users.
However, BGR noted a slip by Small. Evidently, the executive also said Verizon only plans to release 4G LTE-equipped devices through the end of 2012.
...
With Verizon and Apple (Nasdaq: AAPL) unlikely to call it Splitsvlle, Apple must be slipping its next iPhone a 4G mickey.
Shares of Apple are up 2.4 percent to $581.65 Wednesday morning.
Verizon (NYSE: VZ) Tech Chief David Small spoke with Dow Jones Tuesday, explaining how Verizon's recent 4G outage was caused by network updates as the carrier is expanding coverage of the next-generation service.
In addition, Small mentioned Verizon plans to cover 260 million Americans by the end of 2012. This is up from a previous estimate of 250 million users.
However, BGR noted a slip by Small. Evidently, the executive also said Verizon only plans to release 4G LTE-equipped devices through the end of 2012.
...
With Verizon and Apple (Nasdaq: AAPL) unlikely to call it Splitsvlle, Apple must be slipping its next iPhone a 4G mickey.
Shares of Apple are up 2.4 percent to $581.65 Wednesday morning.
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