People Still Love an AT&T (T) iPhone

Amid reports to the contrary previously, people still love the iPhone on AT&T.

According to reports and quarterly data, AT&T (NYSE: T) sold more of Apple's (Nasdaq: AAPL) iPhone than rival Verizon Wireless (NYSE: VZ) in the quarter. While Verizon got rid of 2.3 million iPhone 4 units last quarter, AT&T moved 1.3 million more units, at 3.9 million total.

AT&T's number includes an exclusivity with the $49 iPhone 3GS, which more than likely bolstered numbers. There was no breakdown from AT&T between the iPhone 3GS and 4 model available.

Further, of the total, about 24 percent were new subs for AT&T with the iPhone.

Apple's iPhone 3GS wasn't updated to be compatible with Verizon's CDMA network, meaning AT&T's exclusivity goes beyond a paper contract.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
• Apple (AAPL) announces 'Let Loose,' a special online event to be held in May
• AT&T (T) beats earnings estimates in Q1 but revenue falls short, shares climb