TECH
09/19/2012 10:51 am ET Updated Nov 19, 2012

iPhone 5 On AT&T: Demand Is 'Incredible,' Says CEO Randall Stephenson

SAN FRANCISCO, CA - SEPTEMBER 12:  The new iPhone 5 is displayed during an Apple special event at the Yerba Buena Center for
SAN FRANCISCO, CA - SEPTEMBER 12: The new iPhone 5 is displayed during an Apple special event at the Yerba Buena Center for the Arts on September 12, 2012 in San Francisco, California. Apple announced the iPhone 5, the latest version of the popular smart phone as well as new updated versions of the iPod Nano, Shuffle and Touch. (Photo by Justin Sullivan/Getty Images)

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

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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