As in politics, in business too, there are no permanent friends or enemies; only permanent interests.
At least we know it now. If the rumors are true, Apple and Verizon might be engaged in a partnership to test a new 4G LTE iPhone that could be released over the Verizon network next year.
We would like to reiterate that we have not been able to verify the authenticity of this news. According to a report published on the FoneFrenzy website, Apple has been working with Verizon over the past few months in testing this new CDMA phone. The report also goes on to say that Verizon CEO, Lowell McAdam has been stopping over at Cupertino (a mere 8.5 miles from Mountain View) during his meetings with Google.
This does not gel with the fact that only recently, Verizon had launched DroidDoes, an ad campaign attacking the iPhone's perceived weaknesses and promoting the new Motorola Droid. While DroidDoes.com website redirects to a subdomain of the Verizon site, folks at FoneFrenzy claim that Motorola was actually behind the ad campaign and not Verizon.
Nevertheless, this partnership makes terrific business sense for Apple. This would primarily help them launch iPhones on a 4G network which is ten times faster than 3G and which also offers better security. Verizon, as you would have known, is already building its 4G infrastructure that shall be launched by next year. With a 4G iPhone, Apple can expect to consolidate its position further among its competitors in the smartphone segment.
Apple announced its fourth quarter results yesterday in which they sold record number of iPhones. But according to a recent study by Morgan Stanley's Kathryn Huberty, Apple could more than double its iPhone market share by partnering with more carriers like Verizon.
Do you think there is truth in this rumor? Given a choice between a AT&T GSM connection and Verizon's 4G LTE iPhone, which one would you go for? Please tell us in the comments.