AT&T could possibly lose 1 Million subscribers to Verizon iPhone?

According to a new report at Business Week, AT&T could potentially lose up to 1 Million users to a Verizon branded iPhone. The report quotes an analyst who states, “For Verizon, it will largely be selling the iPhone to existing customers,’” said Oppenheimer & Co. analyst Timothy Horan in a research note today. Horan, who is based in New York, said AT&T is making network upgrades that should help it retain users.

etween 500,000 and 1 million of AT&T’s estimated 18 million iPhone users may end their contracts early or decline to renew them in 2011 in favor of a Verizon Wireless contract, said Barclays Capital analyst James Ratcliffe. Pacific Crest Securities analyst Steve Clement forecast the losses at about 800,000 users.

Verizon Wireless may sell as many as 12 million iPhones in the first year it offers the device, said UBS AG analyst John Hodulik in New York. It may draw between 3 and 4 million new customers from rival wireless carriers, he said.

[via Business Week]

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About Tony P
Connoisseur of all that is Mobile Tech.

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