“Shares of AT&T Inc., the exclusive U.S. provider for the iPhone, rose as much as 1.5 percent after the news as analysts said it meant more customers than expected committed to use the No. 2 U.S. mobile provider’s service for another two years,” Carew reports. “This is seen as more crucial than ever because AT&T is widely predicted to give up its exclusive rights to the phone in the next year, when Apple is expected to add Verizon Wireless, the biggest U.S. mobile operator, as a service provider.”
Carew reports, “Hudson Square Research analyst Daniel Ernst said [that] his rough estimate was for sales well north of 1 million. “This is closer to 2 million so it’s above our expectations,’ he said. ‘No single smartphone model has been this successful.'”
Full article here.