Ralph de la Vega

6 million to flee AT&T for Verizon iPhone?

May 25, 2010: 11:38 AM ET

That's the estimate of one Wall Street analyst, but things might not be that bad

AT&T (T) could lose 40% -- or 6 million of its estimated 15 million iPhone customers -- when and if Apple (AAPL) makes a model of its smartphone that runs on Verizon's (VZ) cellular network, according to a note to clients issued Tuesday by Davenport & Company' Drake Johnstone.

But several factors mitigate against a wholesale migration:

More

Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.