iPhone News Updated

iPhone 5 Rumor: Apple Partnering with MasterCard/PayPass to Bring NFC Technology in Next iPhone

With the existing iPhone 4S already has become three months old now, the rumors surrounding Apple’s future products, especially iPhone 5 and iPad 3, has started gaining momentum.

Adding to the rumor mill, a recent report published in 9to5Mac suggested that Apple’s next generation iPhone would feature near field communication or NFC technology.

The report was based on a conversation between one of their reporters and “a well-connected developer” at the recent Macworld convention. According to the report, the developer claimed to be building an application that includes the ability to process mobile transactions using the NFC technology.

Although the developer didn’t give any information about the specification of any new hardware release, he told 9to5Mac that he did speak to Apple iOS engineers many times, and they are “heavy into NFC.”

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Verizon’s Big iPhone Sales Likely Hurt Q4 Earnings

When Verizon Communications (VZ) reports fourth-quarter earnings early Tuesday, its 2012 guidance on wireless phone services could be a bellwether for the telecom group.

Wireless guidance is key, because the fixed, landline network business of phone companies has been in decline for a decade.

Analysts polled by Thomson Reuters have cut their Q4 earnings estimates in the wake of Verizon’s statement in early January that it had activated 4.2 million iPhones in the three months ended Dec. 31. Verizon Wireless, like AT&T (T), subsidizes the retail price of Apple (AAPL) iPhones for customers that sign two-year contracts. The subsidies lower profit margins.

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