iPhone contract might be extended to 2011

Apple and AT&T are working together to try and extend the iPhone contract

AT&T CEO Randall Stephenson is currently negotiating with Apple to try and keep a longer hold on the popular iPhone until at least 2011, a Wall Street Journal article reports.

If an extension isn't agreed upon by both companies, then the current contract will expire in 2010. The iPhone has sold more than 17 million units since launching in June 2007, and has been exclusively available with AT&T only.

The possible ramifications of a contract extension are unknown, though consumers unable -- or unwilling -- to switch to AT&T have long wanted a shot at the iPhone. Furthermore, many people already unlock their iPhones, and Apple could open the doors to new iPhone owners if the company leaves behind AT&T.

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