Apple Allegedly Readying Verizon iPhone

Apple is rumoured to be developing a fifth generation iPhone device.

In a new report, the Wall Street Journal has said that the Cupertino-based consumer electronics giant is developing its fifth generation iPhone for use on Verizon Wireless' LTE networks.

"One person familiar said the fifth-generation iPhone would be a different form factor than those that are currently available. It was unclear how soon that version would be available to Verizon or other carriers," the Wall Street Journal wrote.

The rumour has been further fuelled by Verizon's executive director for ecosystem development Brian Higgins refusing to deny the rumours, tech news site PC Mag reports.

He said: "We have plenty of devices we sell today on a 3G network that are potent combinations in and of themselves. I don't believe LTE would necessarily make or break any of the smartphone devices that we're actively selling today."

The previous day, Verizon president and COO Lowell McAdam was also reported as saying: "I expect at some point in time our business interests are going to align, and I think LTE is another great reason why [Apple would] want to have a device or tablet" on Verizon."