AT&T has announced its second-quarter results, posting revenues of $31.6 billion and income of $6.8 billion for the three month period. The company sold 5.1 million smartphones, fewer than the 5.5 million sold in Q1 — but offset the drop by squeezing a margin of 30.3 percent from its existing customers. It’s also counted on less than 1 percent of wireless churn, due to the “premier experience” available on the network. Overall it’s now got 105.2 million subscribers, with 43 million of these using smartphones — an increase of 1.3 million in the three months.
More than half of all smartphone activations (3.7 million) were iPhones, with 22 percent of those customers being new to the network. U-Verse now has nearly seven million subscribers and increased revenue by 38 percent, while Big Blue’s enterprise arm also saw boosted growth. We’ve got the full breakdown for you after the jump, but in short: It’s a very, very good time to be a cellphone network… unless you’re Sprint, obviously.
Continue reading AT&T’s Q2: 5.1 million smartphones sold helps make a $6.8 billion profit
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AT&T’s Q2: 5.1 million smartphones sold helps make a $6.8 billion profit originally appeared on Engadget on Tue, 24 Jul 2012 07:39:00 EDT. Please see our terms for use of feeds.
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