AT&T reports better results than expected, with a 9.7% drop in Q1 earnings
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The carrier has added 1.2 mln. new subscribers after accounting for those who left the network and 875,000 of the new customers signed a contract. This is a gain of 24.1% from last year's figures. Ma Bell sold 1.6 million Apple touchscreen devices with 40% of their buyers becoming new AT&T customers. Craig Moffett, an analyst with Sanford Bernstein, said the iPhone was the main reason behind the networker's growth, as revenues from wireless data rose 39% in the period to $3.2 bln. In comparison to the strong wireless performance, AT&T reported that revenues from its traditional wireline business dropped 12.2% in the same quarter.
source: NY Times
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15 Comments
2. Keepin_Real posted on 22 Apr 2009, 12:28 0 0
Let's see if those "SO CALLED" economic analysts are correct that the wireless industry will be effected by the economic situation we are currently in. So far those experts are no smart than a Fifth grader!!!!
3. belve14 posted on 22 Apr 2009, 12:37 0 0
Thats good for AT&T....they better hope that they can hold the rights to the Iphone forever...cause without that well AT&T will be good for oh thats right nothing.
4. PL007 posted on 22 Apr 2009, 13:13 0 0
It's still early in 2009. Iphone or not, VZW, Sprint, TMO, all of them could be in for a rough year.
5. wifidude posted on 22 Apr 2009, 13:33 0 0
I think AT&T will continue to be the only carrier or iPhone. Apple already they won't make a CDMA iPhone because it would not be easy to distribute globally - most nations use GSM. China would be a hot market for a CDMA but they are entering the Chinese Market with a GSM. So, GSM-wise, on the US, it is between T-Mobile and AT&T. I don't see Apple giving the iPhone to T-Mobile as they are flag shipping G-phones and Android. What do you think on this?
7. *HOVA* posted on 22 Apr 2009, 14:07 0 0
I agree. All companies are in the biz to make money. If they made a CDMA version only it would deffinetly cut into their pockets. I could see them making both CDMA and GSM, but this would cut the profits a little as it would require 2 diff manufacturing processes to an extent. I'm sure eventually they will make both but have a feeling for the time being it will be AT&T exclusive through 2010.
6. TestManVZW posted on 22 Apr 2009, 13:59 0 0
Pretty decent results for AT&T. I would be interested in seeing there churn rate as well. I dont know why they would put some of their 1st quarter stats on here but not all?
8. TestManVZW posted on 22 Apr 2009, 14:56 0 0
Just looked it up. AT&T's churn rate was 1.2% last quarter if anyone else is interested. Total customer base is now at 78.2 million customers.
11. att_agent posted on 22 Apr 2009, 19:31 0 0
this is pretty much the only thing att has goin for them besides theyr bussiness account but hey good for them lets just hope that when they go to renegotiate theyre contract they stick with it we all know verizon may get a peice of the pie
12. E-Z DUZ-IT posted on 22 Apr 2009, 19:34 0 0
No iphone for Verizon,or any one else till every one is 4G. Then, and only then everyone will have it. Also hard times doesn't exactly curb what phone you want, it curbs the calling and data plans, text, etc...
13. E-Z DUZ-IT posted on 22 Apr 2009, 19:36 0 0
EVERY BODY WANTS SOME OF THAT PIE. you know verizon honchos kick there own ass every night before they go to sleep. oohh, the one that got away.
14. E-Z DUZ-IT posted on 22 Apr 2009, 20:02 0 0
iPhone 3G added support for UMTS service, the third generation mobile network standard that all GSM providers are moving toward. Development of UMTS is managed by the 3rd Generation Partnership Project (3GPP) organization. For Verizon, the primary competitor to AT&T in the US, the next generation mobile network means Long Term Evolution (LTE). That future specification is sometimes referred to as 4G, but is really the next stage of 3GPP development. AT&T currently operates a 3GPP Release 5 network now being upgraded to incorporate newer improvements in the 3GPP specifications; LTE is simply a name attached to the forthcoming 3GPP Release 8.
15. E-Z DUZ-IT posted on 22 Apr 2009, 20:05 0 0
Once LTE networks are built out over the next several years, Verizon's CEO told the Wall Street Journal that an LTE version of the iPhone would make Apple "more likely" to want to work with Verizon in addition to AT&T. If all goes according to plan, at some point early in the next decade both Verizon and AT&T will operate compatible networks, just like all the providers in Europe. However, AT&T has already stated that it plans to upgrade its existing network incrementally, which is a much easier path toward LTE than Verizon's plans to completely replace its CDMA/EVDO network with LTE. During that time, AT&T will also be able to continue to advertise a faster mobile network, and Apple will be able to leverage global support for 3GPP mobile networks to release increasingly faster versions of the iPhone
