Friday, July 23, 2010

Verizon Wireless Gains Outpace AT&T

Despite the undeniable success the Apple iPhone has been for AT&T, Verizon might be finding ways to compete even without ability to sell the popular device. In the second quarter of 2010, Verizon Wireless added a net 665,000 contract customers, boosted from the increased demand for its line of Droid smartphones, which run on Google Inc.'s Android software.

AT&T added a net 496,000 contract customers in the same quarter. The impact of iPhone 4 sales will not be reflected in AT&T's performance until the third quarter, though, as sales started at the tail end of the second quarter. That should help AT&T post strong net adds numbers in a quarter that typically is one of the weaker quarters of the year for net adds.

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