Apple iPhone causing AT&T to lose sales
It looks like the iPhone’s impending release is cause a fair number of customers to hold off on their high-end phone purchases. According to Piper Jaffrey, AT&T retail stores are experiencing a significant drop in sales for their high-end handsets such the N75 Motorola KRZR, as well as smartphones including the Treo 750 and Samsung Blackjack. The investment firm didn’t seem to think that the current lull in sales was anything to be concerned about, attributing it to increasing demand for the iPhone, while upping their target price on Apple’s shares from $123 to $140. Seems like AT&T’s lack of business is translating directly into an increase in Apple’s perceived value. Now if only I had a similar relationship with Motorola…
[Via Appleinsider]
I myself just bought a blackberry 8800 and am considering returning it as I am still interested in the iphone and do not want to make my final decision until it is released and i can actually test it.
Makes alot of sense, since I think the whole industry is waiting for the iPhone to see if it’ll live up to the hype.
one thing for sure it has change the industry.
LOL Wayne. How has it changed the industry. Pocket PC has had those features for years and does more than the iPhone. iPhone=welcome to 2004.
LEWL Phone.. 2004? Obviously you’re just not a mac fan. Have you seen the presentaion video for the iPhone.. It’s insane.