Josh Ong
As a result of its survey of AT&T iPhone owners, Credit Suisse raised its price target for the telecom operator's stock from $27 to $35, BusinessInsider reports.
According to the report, 23% would switch to Verizon if "given the chance;" 3 percent would switch to Sprint and just 2 percent would switch to T-Mobile. 63 percent would stay with AT&T.
By combining data from the survey with current subscription rates, Credit Suisse calculated that 1.4 million of AT&T's iPhone subscribers are at risk of switching to Verizon. According to Credit Suisse, the estimate, which counts for only a small percentage of AT&T's subscriber base, would have less of an impact on AT&T's bottom line than previously expected.
Image: Credit Suisse
The study also revealed that iPhone owners are less satisfied than other customers with AT&T. 51 percent of AT&T's total customers are satisfied and have no plans to change carriers, compared to 41 percent of AT&T iPhone owners. 18 percent of iPhone owners plan to leave AT&T when their contract expires, but only 9 percent of AT&T's total subscriber base plan to leave after their contract. 3 percent of iPhone owners would break their contracts, compared to just 1 percent of the total.
Image: Credit Suisse
Credit Suisse's figures assume a launch date of February 15, 2011 for a Verizon iPhone. At the beginning of the year, Credit Suisse placed the likelihood of AT&T keeping the iPhone's exclusivity in 2010 at 75 percent. Assuming a February 2011 launch, Credit Suisse believes Verizon could meet "pent up demand" within the first year of the iPhone's availability on Verizon.
Recent rumors point to a January 2011 launch for a CDMA iPhone on Verizon. In August, Shaw Wu with Kaufman Bros. said Verizon and Apple are in talks over the iPhone, but warned that a partnership could come as late as 2012.
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79 Comments
So much for the "Once the iPhone goes to Verizon, AT&T is doomed!"
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2031 : after a second unsuccessful liver transplantation, Steve Jobs dies. Like Prometheus (who, according to ancient Greek Mythology, was condemned to have his liver perpetullay destroyed and then regenerated, for having stolen the fire from the Olympus, and having given it to the human), Steve Jobs, after having given the Mac to the human, therefore had similar destiny.
I, umrk, simple mortal, hereby testify in the front of Heaven that this is the true, complete and unaltered record of the prophecy that the Orbe of time transmitted to my iPad on the Patmos island (Sorry, no, I was unable to trace back the IP address of the sender ...). May Heaven grant me to live long enough to see the fulfilment of this prophecy !!!!
Copy and paste huh?
Edit: Accidentally quoted the whole thing. So I just took out a few parts to make this post shorter.
Copy and paste huh?
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2030 : Apple reinvents the religion : after a carreer as a business man & a politician, Steve Jobs reaches the final (and probably the most successful) accomplishment of his life in being a religious leader. Flying throughout the world with his Gulfstream, he preaches successfully Zen Buddhism in climate of religious fervor which cannot be described, and manages to convert very unlikely disciples (such as Arnold Schwarzenegger & Larry Ellison (who decides to give his entire fortune to charity funds, and to spend the rest of his life in the street of San Francisco as a beggar)).
Good to know he is still going to pollute the Earth even 20 years from now.
So much for the "Once the iPhone goes to Verizon, AT&T is doomed!"
No, haven't you heard? Apple is Doomed™ ... The phone wars are over, Apple and iOS lost, Android won. It's too little, too late. Apple missed the Verizon boat. Maybe their best hope is to ditch iOS and come out with Android phones and tablets, people are abandoning Apple and AT&T in droves.