Verizon iPhone debut greeted with short lines

Feb 10, 2011 By PETER SVENSSON , AP Technology Writer

(AP) -- The Verizon iPhone went on sale Thursday, but demand appeared to be tepid, with small or no lines at Verizon and Apple stores.

The launch of new iPhone models at AT&T Inc. every summer has meant long overnight lines.

may have satisfied most of the demand by allowing online pre-orders for current subscribers. The poor showing in stores, though, could be an indication that Verizon's phone may not have much power to draw subscribers from other carriers, though freezing temperatures Thursday across much of the country could have played a role.

In afternoon trading, shares of Verizon Communications Inc., which co-owns Verizon Wireless with Vodafone Group PLC, were down 38 cents at $36.31. Shares of Apple Inc. fell $2.75 to $355.41. Shares of AT&T Inc. bucked the trend, rising 32 cents to $28.29.

Verizon Wireless started taking pre-orders a week ago, and said that in just two hours, between 3 a.m. and 5 a.m., they broke the previous record for first-day phone orders.

AT&T Inc. has so far been the exclusive carrier of Apple Inc.'s popular phone in the U.S. It activated 15.2 million of them last year. Analyst estimates for Verizon sales this year vary widely, from 5 million to 13 million. Analysts expect the sales to Verizon subscribers will be strong, but few have dared to put a figure on how many subscribers Verizon will manage to grab from AT&T.

AT&T subscribers have complained about dropped calls and other problems with network performance, but their displeasure seems to have subsided a bit in the last year, as AT&T ramped up spending on network upgrades.

Explore further: Samsung forecasts profit fall as S6 sales disappoint

0 shares

Related Stories

Ahead of iPhone, Verizon says it may slow data

Feb 03, 2011

(AP) -- On the same day it started taking pre-orders for the iPhone, Verizon Wireless started reserving the right to slow down data service for subscribers who consume far more than others.

Verizon CEO hints iPhone not coming soon

Sep 23, 2010

(AP) -- Comments from Verizon Communications Inc. CEO Ivan Seidenberg on Thursday left little room for the possibility of a Verizon version of the iPhone any time soon.

Verizon to start selling iPhone on Feb. 10

Jan 11, 2011

Verizon Wireless made the long-awaited announcement Tuesday that it will start selling a version of the iPhone 4 on Feb. 10, giving U.S. iPhone buyers a choice of carriers for the first time.

Verizon Wireless to pay $25M for spurious fees

Oct 28, 2010

(AP) -- Verizon Wireless has agreed to pay $25 million to the U.S. government and at least $52.8 million in refunds to customers who inadvertently racked up data charges on their phones over the last three years, federal ...

Verizon adds 872,000 smart-phone subscribers

Jan 25, 2011

(AP) -- Verizon Communications Inc. on Tuesday said it attracted more than half a million smart-phone subscribers in the latest quarter, showing strength even before it starts selling the iPhone in February.

Recommended for you

Amazon pushes Prime service with day of deals

15 hours ago

Amazon is trying to lure more subscribers to its $99 Prime loyalty program by pushing a day of discounts it calls "Prime Day" during the sleepier summer shopping season.

Mexico City proposes regulations for Uber

Jul 04, 2015

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.