This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Verizon iPhone Set for Holidays

CUPERTINO, Calif. ( TheStreet) -- Apple (AAPL - Get Report) has bumped up its iPhone production plans, which include a Verizon (VZ - Get Report) iPhone that will be available for the holidays.

Apple has asked its supply and manufacturing partners to prepare for a production rate of 4 million iPhones a month by September, a 25% increase, says Rodman Renshaw analyst Ashok Kumar, who has been monitoring the production plans in Asia.

The Mac maker has also told its manufacturing partner Asustek to plan on starting full-scale production of a CDMA version of the iPhone to be available at Verizon as early as November, Kumar says. The report is yet another confirmation of Apple's long-awaited Verizon iPhone, which still awaits final approval from the two companies that have not always seen eye-to-eye.
More on Apple
Apple iPad Prices Are 'Insane'

If reports of the Verizon iPhone are true, Kumar estimates that Apple will be on track to exceed a production rate of 40 million for the year, which exceeds most analysts' expectations.

The big ramp up in iPhone manufacturing may be related to Apple's expected shift toward non-exclusive iPhone sales agreements in the U.S. and internationally. Initially, Apple debuted its iPhone with an exclusive partner in each country. But Kumar says Apple is now moving toward being what he calls a "carrier agnostic" approach. Under the plan, AT&T (T - Get Report) will continue to sell the iPhone, but other carriers would also have iPhones to sell.

Other observers say the production boost isn't a big surprise since Apple is expected to introduce a totally redesigned iPhone during its June 7 developers' conference. The arrival of a new design is likely to trigger a huge replacement cycle for iPhone owners eligible for upgrades and new two-year contracts.

The speculation around a Verizon iPhone has been unceasing for more than a year as Apple's ambitions to expand its iPhone empire make Verizon's 90 million customers an inevitable move.

Kumar warns that nothing is definite with the Verizon iPhone decision, which he says is ultimately in Apple chief Steve Jobs' hands.

--Written by Scott Moritz in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $111.79 0.17%
T $33.22 -0.24%
VZ $44.36 0.14%
FB $94.12 -0.15%
GOOG $652.30 0.87%


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs