AT&T (NYSE:T) Will Lose iPhone Market Share to Verizon (NYSE:VZ) Admits CEO Randall Stephenson

While it appears obvious, AT&T (NYSE:T) CEO Randall Stephenson admitted that the company will lose market share to Verizon's (NYSE:VZ).

Stephenson said, "There's a competitor in the marketplace, you know, competing for the same phone, so we'll share the marketplace."

According to Stephenson, the addition of other smartphone platforms should be a plus for the overall industry, citing Research In Motion's (Nasdaq:RIMM) BlackBerry and Google's (Nasdaq:GOOG) Android platform.

AT&T has been branching out to add more platforms to their offerings to compete across the spectrum, in response to the loss of iPhone exclusivity. They have plans to launch a dozen iPhones in 2011 alone.

Verizon will be launching a pre-order for the iPhone on February 3, with the iPhone being made available to customers on February 10.