With AT&T’s exclusivity over the Apple iPhone, one would expect AT&T to have been coining it in, but apparently that presumption is wrong according to an article ob WSJ. Apparently AT&T may have been getting the blunt end of the stick while Apple coffers have been growing.
The word is AT&T’s profit margins have been eroded and as for their network, well its only grown by some 5 to 6%, and Q2 profits were down some 15 percent, while Apple has been enjoying great success with the iPhone.
Of course the real damage has been to AT&T’s reputation with many iPhone users now hating AT&T, so much so that some can’t wait for the iPhone to become available with Verizon. Now the thing is if or when Verizon gain the iPhone, just how many current AT&T customers will jump ship?