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Verizon Wireless To Sell Apple iPad, ETFs To Watch
By Market News Video Staff, Thursday, October 14, 2:36 PM ET
Verizon Wireless (NYSE:VZ) and Apple (NASDAQ:AAPL) announced that iPad will be available at over 2,000 Verizon Wireless Stores nationwide beginning Thursday, October 28.
Verizon Wireless will offer three bundles, all featuring an iPad Wi-Fi model and a Verizon MiFi 2200 Intelligent Mobile Hotspot, for a suggested retail price of $629.99 for iPad Wi-Fi 16GB + MiFi, $729.99 for iPad Wi-Fi 32GB + MiFi and $829.99 for iPad Wi-Fi 64GB + MiFi. Verizon Wireless is offering a monthly access plan to iPad customers of up to 1GB of data for just $20 a month. In addition, Verizon Wireless will also offer all three iPad Wi-Fi models on a stand-alone basis.
Turning to ETFs with large Apple and Verizon positions --
The Technology Select Sector SPDR Fund (AMEX:XLK) has nearly 12% of its holdings in Apple, with about another 4% in Verizon.
The Rydex 2x S&P Select Sector Technology ETF (RTG) has about 9.75% in Apple and a little over 3% in Verizon.
In both of these ETFs, Microsoft (NASDAQ:MSFT) is the second largest position behind Apple.
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