Turns out that AT&T may not be to hurt by the
Verizon Iphone Marriage.
Turns out the big phone company may have been one step ahead of everyone just like they usually are. In June AT&T raised its early cancellation fee from $175 to $325 with the 325 decreasing my $10 every month you stay in your contract.
According to a research by Hudson Square they estimate that AT&T could lose up to 4 million Iphone users. That number would equate to hundreds of millions of dollars in cancellation fees. By my figures it could be 4-500 million bucks this year alone in early termination fees. That is a half a billion dollars people.
AT&T may also be betting on all the fact that a lot of these iphons are tied into family plans where the person with the iphone in hand may not make the final decision on leaving AT&T for Verizon.
Either way at this time next year I dont think we will see the fall of the AT&T Powerhouse.
Except the cancellation fee increase only applies to those who signed up for AT&T service after June of 2010. My contract with AT&T is up in April of 2011 so I can wait, but since my original contract does not include the $325 cancellation fee, if I did choose to cancel now I would not be subject to that charge and neither would any other AT&T customers who signed up before the fee hike. And I agree that we will not be seeing the demise of AT&T over this, but I would hardly call them a "powerhouse". Seriously, I'm LMAO over that one.
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