Verizonstock briefly spiked Tuesday on reports that it will offer an Apple iPhone in January of next year.
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On a day when stocks were lower almost across the board, Verizon popped briefly, before closing down slightly at $28.62. Apple stock closed down more than 4 percent.
If true, Verizon's move would end AT&T 's exclusive hold on the wildly popular smartphone in the U.S., two people familiar with the plans said, according to Bloomberg.
AT&T shares ended down nearly 2 percent at $24.46 a share.
The report said the device would be available to customers in January of 2011, according to people familiar with the plan. They declined to be named because the information isn't public.
Verizon is not confirming or denying the story. They say they do not comment on rumors or speculation. The Bloomberg report said that an Apple spokeswoman also declined to comment.
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