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Print 12 comment(s) - last by fhornmikey.. on Apr 22 at 3:10 PM

Verizon to grow by 900K

Few AT&T customers that use the iPhone would argue that the network could use some improvements. Dropped calls and slow data connections are often the norm, yet AT&T boomed on the back of the iPhone. Many thought that AT&T would see that customers would speak with their wallets when iPhone exclusivity was lost and migrate to other carriers.

That mass migration has started according to TheStreet. AT&T's new subscribers on post-paid accounts for Q1 2011 are expected to drop massively and the decline is directly attributed to the iPhone 4 hitting Verizon. In 2010, AT&T averaged 538,250 new post-paid subscribers per quarter. Analyst John Hodulik from UBS had been calling for a net loss of subscribers to the tune of 100,000 for Q1. He revised that number to a net gain of a mere 50,000 subscribers with those attributed to the aggressive marketing and $49 price tag of the iPhone 3GS.

Those figures mean that AT&T's growth rate is down 90% in Q1 compared to last year's numbers. Verizon is expected to have added 900,000 post-paid subscribers in the same quarter. AT&T is also losing customers to cheaper carriers like MetroPCS, which is expected to add 500,000 prepaid customers in the quarter.

Perhaps the AT&T bid to purchase T-Mobile is the only way to minimize the losses it is experiencing. 



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WRONG
By Ushio01 on 4/20/2011 8:30:40 AM , Rating: 4
RE: WRONG
By kyp275 on 4/20/2011 9:19:44 AM , Rating: 2
...and another industry analyst eats his words


RE: WRONG
By Methusela on 4/20/2011 11:38:25 AM , Rating: 2
It would have been hard to be MORE wrong.


This is why we have "monopolies"
By Reclaimer77 on 4/20/11, Rating: 0
RE: This is why we have "monopolies"
By amanojaku on 4/20/2011 8:14:09 AM , Rating: 2
You're joking, right? "The best" becomes complacent without competition. This happens time and time again, with 100-year-old giants falling to the new kid on the block because of higher-than-necessary prices, poor service, poor product quality, etc...

I don't see how competition keeps "the best" in check; it's not like there's a law that says you can't do better than your competitors, and you have every reason to be BETTER than your competitors, including lower prices, better build quality, reliable customer service, etc...


By Reclaimer77 on 4/20/2011 12:06:12 PM , Rating: 1
quote:
You're joking, right? "The best" becomes complacent without competition.


Exactly

quote:
I don't see how competition keeps "the best" in check


You serious? Your first sentence quoted explains EXACTLY how competition keeps people in check. Hello? You JUST said it yourself!

quote:
it's not like there's a law that says you can't do better than your competitors, and you have every reason to be BETTER than your competitors, including lower prices, better build quality, reliable customer service, etc...


Again, EXACTLY. Did you even read my post? There's a majority opinion on Daily Tech that's it's a giant travesty or conspiracy when one company pulls far ahead of another and threatens to become a "monopoly". Or that it's all because of lobbyist money or something.

But right here in this article we can see it's nothing of the sort, it's CONSUMERS CHOOSING.


RE: This is why we have "monopolies"
By chick0n on 4/20/2011 8:17:31 AM , Rating: 2
wrong.

Look at markets like Hong Kong, They have 3, Smartone-Vodafone, PCCW, China Mobile, China Unicom, One2Free, etc. sure some of them are actually the same but there is no such thing is Monopoly in Hong Kong as in the US. Thanks to the monopoly laws and corrupted officials in the US.


By Reclaimer77 on 4/20/2011 12:01:29 PM , Rating: 1
Well 'technically' there's no monopoly here. There ARE options available nationally. They just aren't as good as Verizon.

And my point, which you missed, is it's that way because of market forces. Not laws and "corrupted" officials. It's this way because people CHOOSE, because of advertising and/or word of mouth, to use the "best" and not even research their options.


By cpeter38 on 4/20/2011 9:26:28 AM , Rating: 1
Bottom line, AT&T had a net add of 2.0 million <srike>suckers</strike> subscribers & 10.2% increase in revenue. As much as I dislike the prices I pay and the lousy service, I have to acknowledge reality. Check out http://www.att.com/gen/press-room?pid=19727&cdvn=n... for more details.




By Targon on 4/21/2011 4:55:24 AM , Rating: 2
This goes to show that while Verizon may offer better quality service in many areas, Verizon has such horrible customer service and sleezy business practices that many people will avoid Verizon. I don't need to check my AT&T cell phone bill each month for strange fees, but with Verizon, you need to check each month that there wasn't some sort of "mistake" that adds a $10/month service you never asked for.


Not everyone likes Verizon
By vision33r on 4/21/2011 1:21:12 PM , Rating: 2
With over 20million+ iPhones activated by AT&T vs only 2.2mil+ iPhones by Verizon in the same quarter.

To say that AT&T will only get 50k new subscriber in Q1 is so far off the analyst should be fired.




Dissapearing article...
By fhornmikey on 4/22/2011 3:10:57 PM , Rating: 2
Hilarious how this gets shown to be ridiculously wrong by contradicting articles on several other sites and then all of a sudden it's relegated to the "blog" sidebar instead of being a feature article.




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