This is hardly shocking news, but it's good news that will make the iPhone competitive going forward. The Wall Street Journal reports the upcoming iPhone will support LTE (Long Term Evolution) networks all over the world, including the US, Europe and Asia. The addition of LTE to the latest iPhone has been expected by most observers.
LTE is a faster network standard that is being pushed by cellular companies because it is more efficient and it gives them a chance to, in some cases, charge more for the faster speeds.
Apple is expected to announce the new iPhone September 12, and adding LTE will give it parity with companies like Samsung who are already offering Android phones with LTE capability.
Verizon is fully deploying LTE Networks, and AT&T has recently announced more cities in its rollout of the service. Sprint, the remaining major iPhone seller here in the US, is also deploying LTE services.
*Verizon is currently in the process of acquiring AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.