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Apple and AT&T: Together forever?- Top Stocks - MSN Money
Sorry, New Yorkers and San Franciscans. Break out the hankie, Fake Steve Jobs. Despite rumors to the contrary prior to the iPad unveiling, analysts are predicting that Apple (AAPL) will extend its exclusivity contract with AT&T (T) -- burdening millions of iPhone users with the very unpopular carrier. (See "AT&T responsible for Apple's beating.")
Perhaps the only ones relieved are Verizon (VZ) users who are satisfied with their service and don't want a flood of iPhone owners clogging up the network.
On Tuesday, Barclays Capital analyst Vija Jayant shared his thoughts on the matter with investors. He stated that the iPad was proof of Apple's dedication to the partnership and was "a vote of confidence in AT&T's network by the equipment maker." Jayant said that the iPad deal suggests an extension of the iPhone's lock down nature "at least through the end of 2010."
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