Apple Reportedly Working On Verizon iPhone

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Apple plans to begin producing the Verizon version of the iPhone this year, according to The Wall Street Journal. Apple's popular phone currently only works with AT&T — an exclusive agreement that's proved a huge boon for the phone company. For Apple, making phones for other networks means access to tens of millions of potential customers.

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MARY LOUISE KELLY, host:

NPR's business news starts with an iPhone, but not for AT&T.

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KELLY: Apple is working on a new iPhone that would work on wireless networks owned by Verizon or Sprint Nextel, that's according to The Wall Street Journal, which says the company plans to begin producing the new version this year. Right now, Apple's popular phone smart phone only works with AT&T an exclusive agreement that's proved a huge boon for the phone company. For Apple, of course, making phones for other networks means access to tens of millions of potential customers.

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