Sharing the iPhone With Verizon Doesn't Kill AT&T

Last quarter was the first time AT&T had to share the iPhone with Verizon. But there seems to be enough to go around.

The carrier says it activated 3.6 million iPhones in Q1. That’s down from 4.1 million in Q4 2010, but up from the same quarter a year ago, when it turned on 2.7 million Apple handsets.

AT&T says 23 percent of its iPhone activations were new subscribers. [An earlier version of this post reach a premature conclusion about the percentage of AT&T users that migrated to Verizon.]

The carrier’s earnings release said almost nothing about its planned acquisition of T-Mobile from Deutsche Telekom for $39 billion, but we’ll expect to hear more about that during the conference call later this morning.