February 05, 2010 :: Posted by - SoSly :: Category - News
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…
