Apple failed to secure a deal today with service provider Verizon to sell the upcomming Apple iPhone.
Citing “too many strings attached” in reference to a 5 year deal with Apple Inc. Verizon declined to be the first company to market the iPhone’s service.
Apple closed at $85.94, up $.56 cents. Verizon closed at $38.03, up $.20 cents.
It’s not surprising that AT&T will pick up the reigns in order to lure more business away from Verizon. In the never-ending battle for telco superiority, I believe AT&T is still going to come out on top, despite supporting a device that as of yet is unlikely to be a choice for business users.
At the time of this publication, Mr. Wilcox had no positions in stocks mentioned.
