The Wall Street Journal is saying Apple will have a Verizon compatible iPhone by the end of 2010.

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, these people 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.

Yukari Iwatani Kane is saying “people briefed on the matter” reveal Apple is working on a new form factor iPhone 5, which will be revealed at WWDC 2011 in June. This will most likely include a different antenna design to get everyone off Apple’s back.

Verizon President and COO had this to say:

“This is one of those things that rolls out every few weeks whether there’s a basis for it or not,” he said when asked to comment on the story. “I can’t give you any insights. But I think Apple is the one that has to make that announcement.”

“What I’ve always said is I expect at some point in time our business interests are going to align. I think things like LTE are another great reason why they’d want a device or tablet on that network. But I don’t have anything to say today about timing.”

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