Verizon (VZ Quote) says the iPhone wave has already crested.
The New York telco told investors on a conference call Monday that June's rollout of the Apple (AAPL Quote) smartphone by rival AT&T (T Quote) cost Verizon some customers. But execs added that defections have since slowed and Verizon has resumed taking customers from all its competitors, including AT&T.
The iPhone helped AT&T win 58,400 customers from rivals like Verizon Wireless, according to comments made by AT&T on its earnings call last week. The company said it activated 146,000 iPhone accounts during its second quarter ended June 30, and AT&T estimated 40% of those activations came from customers leaving another carrier -- such as Verizon Wireless and Sprint (S Quote).
On an earnings conference call with analysts Monday, Verizon executives said that by the first weeks of July, Verizon saw negative so-called porting rates -- meaning more Verizon customers were switching to AT&T than vice versa. ...
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