AT&T (NYSE:T) says its customers have been loyal in sticking with the company for iPhone service, despite the availability of two new carriers since AT&T's exclusivity contract for the device ran out.
MarketWatch reports that Glen Lurie, president of emerging devices for AT&T, said 'churn,' or the number of customers who cancel services, has not been a problem.
AT&T initially was the sole wireless service provider for Apple's (NASDAQ:AAPL) iPhone, but Verizon Wireless, a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NASDAQ:VOD), as well as Sprint (NYSE:S) have added iPhone service.
Lurie reportedly encouraged investors not to overlook other handset makers like Nokia (NYSE:NOK) and Research in Motion (RIMM), as the competition ensures innovation.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.