AT&T announced its financial results for the first quarter of 2012.
AT&T's posted revenues of
$31.8 billion, up 1.8 percent, versus the year-earlier quarter
and operating income of $6.1 billion, up 4.9 percent, versus the
year-earlier quarter.
AT&T also announced that it
activated 4.3 million iPhones in the last quarter, compared to 3.6
million iPhone activates in the same quarter last year and 7.6 million
iPhones in the fourth quarter of 2011. AT&T sold 5.5 million
iPhones, which means that iPhone accounted for a whopping 75% of those
activations, which is extremely impressive.
Here's an excerpt from AT&T's press release:
AT&T sold
5.5 million smartphones, exceeding a first-quarter sales record set last
year. Smartphones represented more than 78 percent of postpaid device
sales. At the end of the quarter, 59.3 percent, or 41.2 million, of
AT&T's postpaid subscribers had smartphones, up from 46.2 percent
and 31.5 million a year earlier. AT&T's ARPU for smartphones is
90 percent higher than for non-smartphone subscribers. About 88 percent
of smartphone subscribers are on FamilyTalk® or business
plans. Churn levels for these subscribers are significantly lower than
for other postpaid subscribers. About 30 percent of AT&T's postpaid
smartphone customers use a 4G-capable device.
Both Android and
iPhone device sales remain strong. iPhone sales were helped by
AT&T's 4G network, which lets iPhone 4S download three-times faster
than other U.S. carriers' networks. In the quarter, the company
activated 4.3 million iPhones, with 21 percent new to AT&T.
But these impressive numbers haven't
gone down to well with Wall Street as Apple, which will be announcing
its quarterly financial results later today, is down $10 based on
concerns that iPhone activations dropped 43% quarter on quarter. Apple
stock has fallen by more than 10% after hitting a peak of $644, but up
by more than 38.5% since the start of the year.
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