AT&T has offered up its financials for Q1 2011 and while I care nothing for how much money the wireless carrier made, I am curious to learn what happened with the iPhone over the quarter. With Verizon now offering the iPhone 4, many of us expect that AT&T may quickly start to see the err in the ways it treated iPhone users in the form of mass defections.
AT&T reports that it added 3.6 million new iPhone users in Q1. Note that AT&T only says iPhone, and doesn’t specify which model. This is a telling little bit considering AT&T is pushing the $49 iPhone 3GS very hard right and still has the exclusive on that device. My gut tells me that a bunch of people wanting the iPhone 4 are going to Verizon.
AT&T also noted that 23% of the new subscribers to its network were iPhone users. The company also said that iPhone subscriber churn rate was the same as the same quarter last year. I’d like to remind AT&T that a lot of iPhone users are still under a contract like I am, so just wait.