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TheStreet Open House

Apple's Next iPhone Could Be 4G LTE

Stocks in this article: AAPL VZ VOD

The response from Verizon Wireless has been added to this story.

NEW YORK ( TheStreet) - A Verizon Wireless executive may have let the cat out of the bag, and revealed Apple's (AAPL - Get Report) next product: a 4G LTE iPhone.

In an interview with Dow Jones Newswires, Verizon Wireless Chief Technical Officer David Small may have let slip Apple's next big announcement. He said for the rest of the year, Verizon would only release 4G Long Term Evolution (LTE) smartphones. "By the end of the year, our plan is to be in at least 400 markets across the country," he added.

Verizon has had trouble getting users to adapt to its 4G network, despite the increase in speeds. Just 5% of the company's customers use the 4G network, but that could all change with an LTE iPhone.

Apple made waves last week when it included 4G LTE in its new iPad, which many believe will allow for a much better user experience. Apple has refreshed its iPhone lineup annually since it was first introduced in 2007, and many expect a new version of the smartphone later this year, perhaps as early as June.

Verizon Wireless declined to provide comment for this story. "That is a discussion you would have to have with Apple," added a spokeswoman, in an email to TheStreet.

Apple could not immediately be reached for comment for this story.

Verizon Wireless is a joint venture between Verizon (VZ - Get Report) and Vodafone (AAPL - Get Report).

Shares of Apple are higher in Tuesday trading, up 2.67% to $583.25, while Verizon is up 0.63% to $39.73.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

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