jump to navigation

iPhone is paying off for AT&T January 24, 2008

Posted by chetan in : US Wireless Market , trackback

AT&T’s net income jumped 62% in the fourth quarter, helped by record wireless gains and the acquisition of BellSouth.

The company posted net income of $3.14 billion, or 51 cents a share, from $1.94 billion, or 50 cents a share, a year earlier. AT&T, the exclusive provider of the Apple iPhone in the U.S., said its wireless unit added 2.68 million subscribers in the quarter, which the company called the largest-ever quarterly increase by any U.S. wireless company. About 2.3 million people bought an iPhone in the final three months of the year, Apple said Tuesday.

image

Wireless Data Revenues touched $2 billion. 3G penetration exceeded 13%, 12% smartphones. iPhone has clearly turned things around for AT&T which was losing the battle to Verizon before its introduction.

Comments»

1. Abhishek - January 25, 2008

Chetan,

When are you planning to publish the Q4 07 data?
I always look forward to that.

2. chetan - January 25, 2008

Abhishek,

it will probably be late Feb/early March after all operators have come out with their earnings.

Thanks
Chetan

3. Abhishek - January 26, 2008

Sounds good. Thanks for the update.