Code Name: Pink – Upcoming iPhone Killer From Verizon and Microsoft?

This might come as a shock to some of you for two reasons: 1. It’s Microsoft we’re talking about and 2. Last week Business Week reported a rumor that Apple and Verizon might be working on a “iPhone light” and some sort of Apple Tablet.

The Wall Street Journal reports as fact, not as “according to sources,” that Microsoft has a multimedia touchscreen phone code-named Pink. Microsoft and Verizon, the Journal says, plan to launch the phone and an app store early next year specifically as an iPhone competitor.

The news comes after Verizon and Apple execs got into a press conference food fight over whether or not Verizon would offer the iPhone next year. The current iPhone models are not compatible with Verizon’s CDMA network technology.