The No. 1 carrier signed up 3.4 million new subs last quarter, while its competitors lost share
As Piper Jaffray’s Christopher Larson notes in a report to clients Monday, 38% of the new cellular subscriptions last quarter went to Verizon, 11 percentage points ahead of AT&T (T), its nearest competitor.
AT&T had used the iPhone to cut into Verizon’s lead for more than three years, although those days were over — thanks to heavy marketing for Verizon’s Google (GOOG) Android phones — even before AT&T’s exclusivity deal with Apple ran out.
Still, says Larson, things could have been worse for AT&T.
Below: The same information shown as gross postpaid new subs, and the data from which both charts were drawn.