AT&T Will Only Lose 1 Million Customers if Verizon Gets the iPhone?

Naturally, millions of happy Verizon customers would switch devices to the iPhone if the service provide begins carrying the Apple smartphone next year. But how many AT&T subscribers would flee to Verizon? The number could be as high as one million, according to a few analysts a new Bloomberg article sources. The only surprising thing about this estimate is that the number is so low, considering that virtually every iPhone owner I know complains about AT&T. I wonder who the other 999,999 will be. Here's an excerpt from the article:

Between 500,000 and 1 million of AT&T's estimated 18 million iPhone users may end their contracts early or decline to renew them in 2011 in favor of a Verizon Wireless contract, said Barclays Capital analyst James Ratcliffe. Pacific Crest Securities analyst Steve Clement forecast the losses at about 800,000 users.

Read the full story at Bloomberg.