More rumour on the smartphone they everyone seems to want to materialise these days, the much talked about Verizon iPhone. With word that apparently a CDMA version of Apple’s iPhone is more than just a rumour.

According to an article over on Intomobile by Kelly Hodgkins, John Gruber of Daring Fireball has said that sources say a CDMA version of the iPhone is currently under development and that the device codenamed N92 is in an early prototype testing stage know as engineering verification testing, or EVT.

EVT is a test that has been designed to find and correct any potential design issues (obviously not used on the iPhone 4 antenna), this stage is then followed by the final stage before being sent to production a test called DVT or device verification testing.

However, John Gruber also says that although Apple is working on a CDMA version of their iPhone it doesn’t guarantee that the Big Red will get the device as it could find its way to Sprint or even go to one of the Global CDMA carriers. Sprint would obviously benefit from a CDMA iPhone but Verizon does have a larger customer base and potential iPhone customers.

So what do you think, will Apple product a Verizon iPhone, or will a CDMA iPhone go to Sprint or to an overseas carrier?