AT&T said it was not concerned about the Verizon iPhone and its Q2 2011 earnings suggest this confidence was not misplaced. In the last three months, AT&T activated 3.6 million iPhones and 24% of these activations were for new customers, not renewals. iPhone subscriber churn was down slightly, suggesting there was no mass exodus of AT&T iPhone owners to Verizon.
Similar to other carriers, AT&T is experiencing a smartphone explosion. AT&T sold 5.6 million smartphones, a 43% year over year increase. The iPhone accounts for about 60% of this growing number, while the remaining 40% include BlackBerr
