No Verizon iPhone until 2011, AT&T to keep Exclusivity
Well now, apparently there will be no Verizon iPhone until 2011 because AT&T will keep their exclusivity or at least that’s what a Credit Suisse analyst reckons, but then we all know how wrong analysts can be sometimes.
Credit Suisse analyst Jonathan Chaplin lowered Verizon’s rate to Neutral from Outperform and then cut his target on the stock to $30 which was previously $32, and gave his reason as a shift on is thinking on When AT&T will lose their exclusivity over the iPhone in the United States, reports Barrons.
Chaplin wrote that their analysis suggest Apple will eventually offer the iPhone with all carriers but there’s a greater possibility AT&T will keep exclusivity for a further 12 to 18 months.
Chaplin further adds that they no longer think AT&T will lose exclusivity over the iPhone in mid 2010 but expects it to be pushed out to mid 2011 at least.