How did we figure that?
AT&T activated about 14 million new iPhones over the past four
quarters on a subscriber base that’s now a little more than 90
million. (Of those activations, about 10 million were by existing
Verizon’s subscriber base is also about 90 million, and we don’t
expect iPhone adoption to be wildly different on Verizon than it
has been on AT&T. Maybe somewhat less, because Verizon folks
already have high-end Android phones, but not much less.
See, I’d say more. If AT&T can sell 14 million iPhones in four quarters (selling to a base of subscribers who’ve had the iPhone available to them since 2007) why wouldn’t Verizon (selling to a base of subscribers who’ve been starved of the iPhone) be able to sell more? I expect Verizon to sell more iPhones than AT&T does.