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. 

"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
Related Articles

Latest Blog Posts
T-Mobile Data Problems
Saimin Nidarson - Oct 20, 2016, 10:17 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki