Apple & Verizon Team Up On iPhone: How Will ETFs Respond?

Finally, no more rumors, no more speculation, Verizon Wireless has officially announced they will be servicing the iPhone come February 10th of this year. Apple’s iPhone broke ground for the smartphone industry four years ago, and it quickly became the poster child for the new generation of mobile devices. For years, the iPhone has been offered exclusively through AT&T, a partnership that has been rumored to end for quite some time, but now a confirmation that the partnership has been dissolved has the Street up in arms. From a consumer standpoint, the news is fantastic; users will now have the choice between two networks with the iPhone, allowing many to stay with Verizon if they so choose. But from an investment standpoint, the news may not be as good as some might have you believe [see also Ten Commandments Of ETF Investing]. Let’s start with the upside: Verizon Wireless will now [...] Click here to read the original article on ETFdb.com. Related Posts: “Net Neutrality” Court Ruling Puts Telecom ETFs In Focus Will Tax Hikes Slam Telecom ETFs? Tech ETFs In Focus As Apple (AAPL) Reports Earnings Tuesday’s ETF To Watch: QQQQ Technology ETFs In Focus As Yahoo And Apple Report Earnings