Verizon iPhone report puts Apple shares at all-time high

March 31, 2010

Apple Inc. shares reached an all-time high Tuesday after a newspaper report said the iPhone could find a new U.S. sales outlet through Verizon Wireless. Since its 2007 launch, the iPhone has been available in the U.S. only to subscribers of AT&T Inc. The Wall Street Journal reported late Monday that Apple plans to release an iPhone this year that would work on technology used by Verizon Wireless and Sprint Nextel Inc. in the U.S. Apple and Verizon declined to comment on the matter.

- Associated Press

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