Verizon and AT&T have both reported their latest quarterly earnings, and the strength of the iPhone has continued to help AT&T close the gap on the market leader.
In its earnings reported Monday morning, Verizon said it now has an estimated total of 89 million subscribers, after adding 1.2 million customers during the September quarter. Last week, AT&T announced it added 2 million wireless subscribers during the same period, bringing its total base of customers to 81.6 million.
AT&T’s 2 million customer increase was the highest third-quarter gain in company history. Officials said nearly 40 percent of the 3.2 million new iPhone activations were customers new to AT&T. That means of the 2 million new customers, roughly 1.28 million were iPhone users. Read more…