AT&T is coming to the reality that the Verizon iPhone will compete well with the their iPhone. Yesterday, AT&T admitted the beginning of 2011 might be a little rough for them. “AT&T, losing iPhone grip, signals tough start to year” by Sinead Carew reports the warning led shares to drop almost 3% yesterday. CEO Randall Stephenson stated:
“It may be rocky in the beginning of the year, kind of volatile, hard to predict, but we think as we work through it and the market stabilizes, we’ll be able to grow through it”
In the 4th quarter, AT&T added 400,000 customers, which is about 100,000 less than analysts expected. The good news is AT&T’s loss of iPhone exclusivity is forcing the company to pay attention to their other products. AT&T has 442,000 tablet customers, who can help to make up any losses from missing iPhone customers.
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