New York.– Apple Inc. will launch a smaller "worldmode" iPhone next year that will be ready for Verizon Wireless to sell in the third quarter of 2010, according to an analyst report citing unnamed handset maker sources in Taiwan.

The new iPhone will use a hybrid chip from Qualcomm Inc. making it compatible with GSM/UMTS 3G networks (including AT&T, exclusive iPhone carrier in the U.S.), as well as CDMA2000 networks, such as Verizon's in the U.S. , according to a report from OTR Global, which is quoted by Apple Insider .

OTR's unnamed sources said that Asustek subsidiary Pegatron will build the devices for Apple, instead of Hon Hai, the current iPhone device maker.

An official at OTR reached today said he could not comment on the OTR report saying it was "proprietary for clients." Apple could not be reached immediately for comment and a Verizon spokeswoman said the company doesn't comment on rumor or speculation.

The global iPhone would also have a 2.8-inch diagonal screen, smaller than the current iPhone's 3.5-inch display, according to the report.