Verizon: Our next iPhone will work overseas(Read article summary)
Verizon said a global iPhone was forthcoming. Meanwhile, Verizon shares slipped this week.
Verizon Wireless will soon release a Verizon iPhone that works overseas, Verizon Chief Financial Officer Fran Shammo said in a conference call with analysts this week, according to the Associated Press. The current Verizon iPhone works only in North America, while the AT&T iPhone can run on overseas GSM networks. A rejiggered Verizon iPhone would put the handset on level with the rival AT&T edition.
In related news, Verizon recently announced that 906,000 subscribers had signed contracts with the network in the first quarter of 2011, which far outstrips the 62,000 contract subscribers added by AT&T during the same period. Still, as Reuters notes, Verizon's performance wasn't quite enough for investors –– Verizon shares tumbled this week.