“AT&T on Tuesday reported record-low wireless churn — fewer subscriber disconnects as customers delayed upgrading smartphones — joining T-Mobile US, which also reported record low churn on July 19,” Reinhardt Krause reports for Investor’s Business Daily.
“The upshot: Consumers are likely waiting for the new Apple iPhones before switching service providers and upgrading, said Jonathan Chaplin, analyst at New Street Research, in a report,” Krause reports. “AT&T reported churn of 0.8% for the June quarter while T-Mobile reported churn of 1.1%. At that rate, AT&T would lose less than 10% of subscribers over 12 months, while T-Mobile would see about 13% leave.”
“The big question is whether wireless wars will get worse as the release of new iPhones approaches, says Simon Flannery, a Morgan Stanley analyst in a report,” Krause reports. “‘Carriers view iPhone launches as opportunities to gain market share, which usually elevates competitive behavior,’ he said in a report. T-Mobile in 2016 launched a “free” iPhone promotion that was replicated by other wireless firms, he noted. ‘When promotions are quickly replicated, the biggest beneficiary is usually Apple,’ Flannery added.”
Read more in the full article here.
MacDailyNews Take: Ah, competition! Get ready for great deals on your new Apple iPhone, if you can find one!