iPhone 4 users switching to Verizon not more than AT&T expected

With the iPhone 4 becoming available on Verizon's network some were predicting huge crowds of subscribers switching their carrier from AT&T, but that doesn't seem to be the case. Ralph de la Vega, president and CEO of AT&T, has stated that the company has not experienced anything beyond its expectations so far. ”We haven’t seen any surprises, and everything is pretty much within our expectations,” is what de la Vega shared with reporters on Wednesday.

Analysts at Wells Fargo initially projected 225,000 AT&T iPhone 4 users jumping over to Verizon within the first quarter of 2011, but their estimates have gradually gone down to 150,000, which to them now is a more likely figure. Ralph de la Vega further explained, that it is still early to tell how much subscribers AT&T will lose, as the situation remains “volatile.” Unfortunately, no details were given regarding the number of Verizon subscribers after the introduction of the iPhone 4 for the carrier earlier in February. It was suggested that some AT&T customers may be simply waiting for their contracts to expire before they grab a Verizon iPhone 4 instead.

source: The Wall Street Journal via Boy Genius Report