Apple Shares Hit Recod High on iPhones for Verizon
By wchung | 07 Jun, 2026
Apple Inc. shares have hit another all-time high now that it appears the iPhone could find a new sales outlet through Verizon Wireless.
The Wall Street Journal reported that Apple plans to release an iPhone this year that would work on the network technology used by Verizon Wireless. For now the phone is available only to subscribers of AT&T Inc.
Apple and Verizon declined to comment.
Apple shares rose as high as $237.48 on Tuesday before retreating to $235.30, up 1.3 percent on the day. Apple has jumped about 13 percent this month.
Shares of Verizon Communications Inc., which owns a majority of Verizon Wireless, rose 2.6 percent Tuesday morning, although the stock of its partner, Vodafone Group PLC, was nearly unchanged. AT&T dropped 1.2 percent.
CUPERTINO, Calif. (AP)
Recent Articles
- The 10 Most Spectacularly Credible UFO Sightings of the Past 12 Months
- OpenAI Plans ChatGPT 'Superapp' Overhaul Ahead of IPO
- Your Answers to These 7 Questions Will Reveal Whether You're Sane or a Closet Lunatic
- US Oil Companies Profit from Strait of Hormuz Closure Says Russian Oil CEO
- Trump Faces New Republican Resistance in Congress as Midterms Approach
- What Japan Gets Right About Everyday Life
- SpaceX IPO Already Two Times Oversubscribed
- SpaceX Signs Google As AI Compute Client After Landing Anthropic
- $1 Trillion in Stock Market Valuation Erased by AI Chip Selloff
- Anthropic Urges Industry Pause As AI Nears Recursive Self-Development