One in Four iPhone Users Would Dump AT&T for VerizonAlmost one in four users of Apple's (AAPL) iPhone would switch to Verizon Communications (VZ) from AT&T (T) as their cell phone carrier once AT&T's exclusive agreement with the iPhone expires, Information Week reported Tuesday, citing an analyst note from Credit Suisse Group (CS) analyst Jonathan Chaplin.

About 23% of iPhone users in a Credit Suisse poll would switch to Verizon, with 3% of those users willing to do so even if they had to pay a termination fee, the publication said.

Chaplin still increased his price target for AT&T to $35 a share from $27 because the of projections that company's profit will increase 12% next year even if new subscription growth flattens out.

AT&T subscriptions for the first six months of the year rose to about 24 million, and about a third of its new customers since the beginning of last year were iPhone accounts, Information Week said, citing Credit Suisse's Chaplin.


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themanindbox

Had ATT for 15years... they started off the best, they had service everywhere, never let me down. After the Iphone was released my service was terrible, and went from bad to worse over the years. I had a grandfather plan, which was that i was using my own devices and never paid for an upgrade, which kept my plan at 45 bucks a month unlimitted everything. The unfortunate issue was that the service was not a 45 dollar a month bill worth it. I have since moved to T-mobile and could not be happier. I have service again, everywhere, i also have noticed that t-mobile has great 3g speed, where ATT had been terrible. I for one feel for the Iphone users being stuck to ATT, but then if you are just buying the device to look cool you get what you get. I went for functionality, and am able to use my device on T-mobile. No dropped calls for me anymore.

September 22 2010 at 3:27 PM Report abuse rate up rate down Reply
bayconnect

They can switch phones anytime they are ready. What is the point of this story?

September 22 2010 at 1:33 AM Report abuse rate up rate down Reply
Tom

Nothing wrong with a little competition. That's how you get lower prices instead of getting hosed by one company. Dosent matter who, I'd go with the Co. that offers the cheapest rates

September 21 2010 at 5:16 PM Report abuse rate up rate down Reply