August 19, 2022
AT&T Could Lose 6 Million Subscribers If Verizon Gets iPhone

AT&T Could Lose 6 Million Subscribers If Verizon Gets iPhone

Posted May 25, 2010 at 1:09pm by iClarified · 6662 views
Davenport & Company analyst Drake Johnstone believes AT&T could lose up to 6 million subscribers if Verizon gets the iPhone.

“Over the past several years, AT&T indicated that 40 percent of its new iPhone customers came from other carriers,” Johnstone theorized. “We estimate that AT&T has 15 million iPhone customers (as of Q-1 10) and believe that AT&T could lose as many as 6 million, or 40 percent, of its iPhone customers when Verizon begins selling the iPhone in 2011. We are reducing AT&T’s 2011 wireless subscriber additions from 6 million to 2 million (most of these new additions may be lower value connected devices such as eReaders instead of higher value long- term wireless customers), since we believe that Verizon could obtain Apple’s approval to sell and provide wireless service for the iPhone as early as mid-2011.”

Digital Daily notes that there are two things that could prevent this from happening.

1) Early Termination Fees - Its very interesting that AT&T nearly doubled their ETFs just days ago.
2) Family Talk/Business Plans - Digital Daily says 80% of AT&T's customers are on these plans which would make it difficult to switch.

Read More


AT&T Could Lose 6 Million Subscribers If Verizon Gets iPhone
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
iClarified Icon
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
You must login or register to add a comment...
Rick
Rick - May 26, 2010 at 1:16am
Image the bandwidth that would free up. Loosing 6 million maybe the best thing for AT&T
J B D W A H P T
J B D W A H P T - May 25, 2010 at 5:47pm
Why are people so under educated when it comes to the obvious??? Verizon = EVDO the iPhone = GSM the parts dnt fit.. I hate AT&T but who cares... If u like the iPhone u go with who carries it and trust me buddy... Ur verzion will NEVER carry the iPhone lol simply because evdo is in the past... And think about all the bashing commerical there's a map for that... That's just as much aimed at AT&T as it is Apples iPhone... In a world of dnt Driod can.... Come on sjobs wnt ever look like a fool and join with a company that doesn't respect competition!!
Me
Me - May 25, 2010 at 2:52pm
I'm going to LMFAO when everybody moves to Verizon and their network sucks to shit. Then everybody will be bitching about Verizon and we can sit back and laugh at your dumb asses for the next two years of your contrack.
HO
HO - May 25, 2010 at 2:37pm
...ROFL...yeah, like will ever happen, EVDO is dead and the future on the Verizon is as good as Sprint, closed standards only good in the US and that my friends is why Mapple will say no to Verizon or Sprint, reason why Bellus here in Canada moved from EVDO, because there is no future on that!
madcow
madcow - May 25, 2010 at 2:35pm
I doubt it'll happen. Every year it's the same rumor. Last year the evidence was ppiling up to the very day of the event where verizon supposedly had office members in a large meeting for a big announcement. Nothing happened. shocker. Anyhow yes it does have better coverage but 2 things worry me. 1. How will that coverage hold up if it gets hammered by people switching and/or new subscribers. It's what happened to at&t. 2. simultaneous voice and data is huge. Verizon does not have that. I'll stick with att. If verizon did get it then att service should increase dramatically.
5 More Comments
Recent. Read the latest Apple News.
RECENT
Tutorials. Help is here.
TUTORIALS
Deals. Save on Apple devices and accessories.
DEALS