US phone subscribers hang up on contracts

May 10, 2012 By PETER SVENSSON , AP Technology Writer

(AP) -- U.S. consumers have had their fill of expensive, contract-based phone plans.

Figures from T-Mobile USA on Thursday indicate that the U.S. wireless industry lost from contract-based plans for the first time in the . Contract-based plans are the most lucrative ones for phone companies, and account for the vast majority of revenue at the big phone companies.

The seven largest U.S. phone companies, representing more than 95 percent of the market, lost a combined 52,000 subscribers from contract-based plans in the January to March period.

Since nearly every adult, and many children and , already have phones, there's little room for growth anymore. But subscribers are also flowing to cheaper, no-contract plans, which showed an increase of at least 2 million.

Explore further: TV-over-Internet service Aereo seeks Chapter 11 (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

More T-Mobile USA subscribers flee

Feb 25, 2011

(AP) -- Subscribers on contract-based cell phone plans hung up on T-Mobile USA in record numbers in the fourth quarter, as it continues to lose the battle against larger carriers.

IPhone sucks subscribers away from T-Mobile USA

Feb 23, 2012

(AP) -- Customers have been leaving T-Mobile USA, the country's No. 4 cellphone company, for the last two years. Now that all three of the bigger carriers have the iPhone, that stream has turned into a flood.

Report says Sprint to get iPhone in October

Aug 23, 2011

(AP) -- Sprint Nextel Corp., the country's third-largest cellphone company, will start selling the iPhone in mid-October, The Wall Street Journal said Tuesday.

AT&T sees 3Q slowdown in iPhone activations (Update)

Oct 20, 2011

(AP) -- Running one of the nation's biggest wireless networks has been a reliable way for AT&T Inc. to boost revenues, quarter after quarter, as people loaded up on phones, and then traded up to smartphones. But the easy ...

Sprint gains contract subscribers in 4Q

Feb 10, 2011

(AP) -- Sprint Nextel Corp. said Thursday it managed to post a quarterly net gain of contract subscribers for the first time since 2007, as its turnaround continues.

Recommended for you

Dish restores Turner channels to lineup

8 hours ago

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

LiquidPiston unveils quiet X Mini engine prototype

13 hours ago

LiquidPiston has a new X Mini engine which is a small 70 cubic centimeter gasoline powered "prototype. This is a quiet, four-stroke engine with near-zero vibration. The company said it can bring improvements ...

Novel robotic walker helps patients regain natural gait

18 hours ago

Survivors of stroke or other neurological conditions such as spinal cord injuries, traumatic brain injuries and Parkinson's disease often struggle with mobility. To regain their motor functions, these patients ...

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.