Next iPhone Will Launch Simultaneously on Verizon and AT&T

Verizon CFO Fran Shammo says the next generation iPhone will launch simultaneously on Verizon and AT&T and will offer global coverage, according to Reuters.

While Verizon has sold fewer iPhones than some analysts expected, Shammo said he was happy with sales of the "six-month-old phone" that only works in some countries.

When the next iPhone model launches Verizon will be able to offer it at the same time as AT&T. Verizon's version will also work in as many countries as AT&T's iPhone, which has global coverage, Shammo said.

Shammo also noted that if the next generation iPhone doesn't support LTE, Verizon will have plenty of alternative devices for those who want a faster connection.

"I think it's a bigger issue for Apple than it is for us," he said. "Depending on where Apple plays, that's where we'll sell."

Apple is widely expected to utilize a CDMA-GSM Qualcomm chip in the next iPhone; however, recent reports indicate that a satisfactory LTE chip will not be ready in time for this year.