I like people with confidence. They maintain an aura of cool while some intense situations are presented to them. Then once in a while their confidence is largely mistaken as delusion. Is that what is happening with the CEO of AT&T and his latest claim of not caring about losing iPhone exclusivity? Not really.
Market Watch has a report that cites Randall Stephenson telling investors that basically the majority of current iPhone users are in long contracts as it stands. That’s certainly true however those “long” contracts are less than 2 years and will eventually need to be renewed to stay long term…
Stephenson is quoted saying the following:
If you look at the iPhone base, about 80% is either on a family-talk plan or in a business relationship with us. Those customers tend to be very sticky. They don’t churn very frequently.
For the most part he’s correct. Most people don’t like going through the hassle of changing over a line let alone a family plan with multiple phones involved. I for one don’t think Verizon is all that great where they can offer enough savings to make an average iPhone user switch. They might not even be able to save them a dime.
Do you agree with the CEO? Is it naive to think that the troubles of a potential Verizon iPhone aren’t concerning for AT&T? Give us your opinions in the comments below.