September 19, 2012 / 2:57 PM / 6 years ago

AT&T says iPhone demand "incredible"

NEW YORK (Reuters) - Demand for the new Apple Inc iPhone 5 has been “incredible,” AT&T Inc Chief Executive Randall Stephenson said on Wednesday.

The iPhone 5 on display after its introduction during Apple Inc.'s iPhone media event in San Francisco, California September 12, 2012. REUTERS/Beck Diefenbach

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

The executive stood by AT&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.

Reporting By Sinead Carew

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