AT&T(s T) just confirmed it’s seeing the same trend we saw with the iPhone and Verizon(s VZW) last week: iPhone activations lost momentum last quarter. In a note to clients, Wells Fargo analyst Maynard Um noted that it’s the second quarter in a row that AT&T’s iPhone activations have dropped.

Um writes:

AT&T this morning reported that it activated 3.7 million iPhones in the June quarter (with 22% new to AT&T), down 14% [sequentially]. Verizon Wireless last week indicated it activated 2.7 million iPhones, down 15.6% [sequentially]. The two US operators’ activations combined were slightly below our expectations, accounting for 20.3% of our forecasted 31.5 million versus the March & December quarters where the two accounted for 21.4% and 32.1%, respectively.

So both Verizon and AT&T, Apple’s two top carriers in the U.S., still say that iPhones account for a majority of their smartphone activations each quarter, but their respective results…

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