AT&T sees green for its third quarter financial results

All the signs pointed to positive news for AT&T after Apple reported their fourth quarter results that blew out all expectations – AT&T's revenues totaled $30.9 billion. Out of the 4.3 million new phones that were activated on AT&T's network, 3.2 million of those were iPhone activations – a surprising number when you look at Apple's report of 7.4 million iPhones sold in its fourth quarter. This marks AT&T's best performance to date when it comes to iPhone activations. It also marked their best postpaid wireless subscriber churn of 1.17 percent and a record low of total subscriber churn of 1.43 percent. The trend in increasing data growth plays an important factor in this era partially due to the fact that consumers are moving towards advanced devices that promote data features. Although the network has its fair share of headaches with the boom in data consumption, revenue from data rose 33.6 percent from the same time last year – it increased $916 million to a staggering total of $3.6 billion. Their wireless division continues to see some positive growth while wireline voice is losing out. For being number two at a solid 81.6 million subscribers, AT&T is sitting pretty easy in these tough economic times.

source: AT&T via IntoMobile