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iPhone 5 demand takes market by surprise

Wednesday, September 19 16:45:29

Demand for the new Apple iPhone 5 has been "incredible," AT and T Chief Executive Randall Stephenson said today.

AT and T has seen a lot of anecdotal evidence of customers looking to buy the new smartphone even if they are not yet eligible for a subsidized upgrade, Stephenson said during a webcast of an investor conference.

He said AT and T would have more concrete details on demand after the first few weeks of sales.

The executive stood by AT and T's target to sell about 25 million smartphones this year, in line with 2011 sales. He also said the company was seeing strong demand for new wireless data plans launched in August.

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