First decline in postpaid subscribers ever
All Things D reports that cell phone sales in Q1 of this year were the worst in many years. In fact, the numbers show that this may be the first quarter that the number of postpaid customers actually declined. Analysts from Jefferies are pointing at the huge iPhone launch last quarter as the reason.
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According to those analysts, this slump after the launch of the iPhone isn't unexpected. Apparently, when the iPhone launched it was so popular that everyone that had waited for the iPhone and wanted a new smartphone jumped on the iPhone bandwagon last quarter. There were modest gains for AT&T and Verizon. However, both T-Mobile and Sprint both saw declines in postpaid subscriber numbers for Q1.