
The iPhone will inevitably be available on multiple carriers in the U.S., one analyst believes, though 2010 is not likely to be the year Apple ends its agreement with AT&T.
Based on that assessment, Jonathan Chaplin, research analyst with Credit Suisse, downgraded Verizon stock to a “neutral” rating. The iPhone remaining exclusive to AT&T, he said, will have a negative impact on Verizon.
“Our analysis suggests that Apple will eventually sell the device at all carriers; however, there is a much greater probability that AT&T keeps exclusivity for another 12-18 months than investors realize,” Chaplin wrote. “We think this has profound impacts for Apple, the carriers and the other handset OEMs.” Read more…
