AT&T and Verizon Are Living It Up With Record iPad Sales

AT&T (NYSE:T) and Verizon (NYSE:VZ) are basking in the ambiance of Apple’s (NASDAQ:AAPL) glow, as the two carriers, which provide data plans for the new 4G iPad, witness record iPad sales over the weekend.

Both AT&T and Verizon issued official statements on Monday saying that they have been pleased with the record sales since the iPad’s release on Friday. AT&T claimed the single-day record sales on Friday demonstrated “robust demand,” while Verizon said they were pleased with the sales of the iPad over the weekend.

It’s noteworthy to compare sales of cellular-equipped versions with LTE networks with sales of WiFi-only versions. Many question whether people will opt for the WiFi-only alternative now that data speeds on the new 4G iPads are faster than ever.

Verizon is anticipated to be the more popular seller of Apple’s iPad because of a wider LTE network and free hotspot capabilities. However, AT&T asserts that its iPad runs faster in areas where LTE is not available.

To contact the reporter on this story: Diallah Haidar at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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