Verizon iPhone 4: Rumor Affects Share Price

By Alan Ng - Sep 10, 2010

Following on from our earlier article about the Verizon iPhone being a problem for Apple, we now have another article for you read now, which is also related to the highly anticipated, but still unannounced device.

Do you remember back at the start of the year, when the WSJ ignited the internet by writing an article seemingly confirming the existance of a CDMA-equipped iPhone for a release on Verizon Wireless?

Well if you do, it turns out that this rumor alone has boosted not only Verizon Wireless shares, but also Apple shares too. is reporting that Apple shares reached a new record high this Tuesday, while Verizon shares also rose by 2.6 percent on Tuesday, with rivals AT&T dropping 2.1 percent from previous figures.

According to the report, Apple shares reached $237.48 on Tuesday, a total increase of 1.5 percent for one day. Full article through the link, let us know your thoughts on it.

The Verizon iPhone is inevitable now, surely everyone knows it right?

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Also See: 2018 iPhone with 6.1-inch screen and crazy price rumors