Credit Suisse Research analyst predicts 12 – 18 more months of AT&T iPhone exclusivity, downgrades Verizon
Posted February 8th, 2010 by GenghisPhlip
In a recent report Credit Suisse Research analyst Jonathan Chaplin said that he thinks that Apple’s iPhone will remain the exclusive territory of AT&T for at least the next 12-18 months. This estimate far surpasses the expectations of many wannabe iPhone users who are tied to other carriers and runs counter to the recent rumors of a pending Apple/Verizon deal. Chaplin not only expects the device to remain exclusive but also forecasts a major negative impact on Verizon due to the delay. These factors have caused him to reduce Verizon’s rating from “Outperform” to “Neutral” and cut his share price target for that company from $32 to $30.









