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Verizon-Ready iPhone Available Early 2011

The new smartphone will have a similar design, but different technology

Apple Inc. plans to begin mass producing a new iPhone by the end of 2010 that would allow Verizon Wireless to sell the smartphone early next year, reported The Wall Street Journal.

The new iPhone would be similar in design to the iPhone 4 currently sold by AT&T Inc. but would be based on an alternative wireless technology called CDMA used by Verizon, people briefed by Apple said. The phone, for which Qualcomm Inc. is providing a key chip, is expected to be released in the first quarter of next year, according to the same people.

Read more at The Wall Street Journal.