ATT reports fewer Apple iPhone subscribers than expected
By Troy WolvertonMercury News
Shares of AT&T and Apple fell this morning after the telecommunications giant reported that it signed up fewer iPhone subscribers around the time of its launch than many expected. Apple and AT&T began offering the iPhone, Apple's new mobile handset, on June 29. By the end of the day on June 30, when AT&T's second quarter ended, only 146,000 iPhones had been activated to use its cellular network.
By Troy WolvertonMercury News
Shares of AT&T and Apple fell this morning after the telecommunications giant reported that it signed up fewer iPhone subscribers around the time of its launch than many expected. Apple and AT&T began offering the iPhone, Apple's new mobile handset, on June 29. By the end of the day on June 30, when AT&T's second quarter ended, only 146,000 iPhones had been activated to use its cellular network.
Analysts had estimated that the companies sold up to 700,000 iPhones over the initial launch weekend, which included one day, July 1, that fell outside AT&T's quarter.
