2 million added subscribers, that translates directly to a loss of 2 million customers to Sprint and T-Mobile, and a lesser degree, Verizon (for some odd reason, Verizon customers enjoy being treated like c*** by Verizon).

I guess all that posturing about the iPhone being 'no threat at all' is starting to look pretty silly in light of recent results. Let's also not forget that this is at least 1.4 million customers who left existing mobile phone brands (a growing number, that is soon to be joined by European users).

If anyone stopped to think for a moment at these numbers, and compare them to Apple's numbers, they'd realise that AT&T is actually seeing iPhone's halo effect. Apple only sold 1.2 million iPhones (of which they estimate almost 250,000 were unlocked, most of them probably never registered with AT&T). Therefore, AT&T's growth of 2 million represents both iPhones, as well as other devices.

Nice.

I'm guessing that a significant number of the AT&T halos were from people who had spouses or children that "followed" them when they moved to AT&T ... but didn't necessarily get an iPhone.

Just my 2 cents.

So why the heck isn't Verizon stock taking a hit?

2 million added subscribers, that translates directly to a loss of 2 million customers to Sprint and T-Mobile, and a lesser degree, Verizon (for some odd reason, Verizon customers enjoy being treated like c*** by Verizon).

Sorry, but the logic is flawed, as it makes the assumption that everyone who has a phone now already had a cell phone and a plan with a different company. Where's that coming from? And you're not taking into account people adding a second phone (say a home phone to go along with a work blackberry). Keep in mind, also, that iPhones can't use a current AT&T business plan, as many business customers were pissed they had to sign up for another plan altogether.

And being a Verizon customer, I can't say I've ever been treated like c***. Then again, I bought a $50 phone and a $40 plan, so its not like I'm trying to do anything with the service, anyway.

Now expand your damn network so I can get my iPhone.

As a Verizon customer I can say they do indeed suck, but they have the most extensive network in my area, so, in this case, "it's the network". There is no AT&T where I live and work, so.... Problem I have with verizon is crippling my phone and all the BS the try to pull to (phone crippling being one of them) to force you to use up your minutes.