AT&T adds 320,000 new subscribers, rakes up $3.9 billion in profits in Q2 2012

AT&T adds 320,000 new subscribers, rakes up $3.9 billion in profits in Q2 2012
It's that time of the year when all companies are reporting their quarterly financials, and AT&T is no exception – in the second quarter of the year the carrier added 320,000 net new subscribers and raked in profits of $3.9 billion. Those numbers beat analysts expectations, but still are below what AT&T's main rival Verizon Wireless announced last week.

AT&T posted quarterly revenues of $31.6 billion with wireless making up $16.4 billion, growing 4.6% on the year.

At the same time, the operator managed to keep churn at a record low level of 0.97%.



AT&T sold 5.1 million smartphones and interestingly average revenues for smartphones are twice that of other subscribers.

АТ&Т remains the carrier to contribute most new iPhone activations as in Q2 2012 the number hit 3.7 million. Smartphones in general now make up 62% of postpaid phones, up from 50% at the same time last year. AT&T is also bragging about having a third of its users on 4G, but that likely includes HSPA+, not just LTE at the moment.


source: AT&T

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23 Comments

1. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

Well good for AT&T. I just hope they don't raise their prices. Heck I hope Verizon doesn't raise their prices. Actually I hope no carrier raises their prices, I think they are high enough as we speak. lol

2. Jeradiah3

Posts: 1149; Member since: Feb 11, 2010

I agree. we're not made of money lol

10. thedarkside

Posts: 654; Member since: Apr 30, 2012

well said. lol

3. jsd0108

Posts: 19; Member since: Mar 11, 2010

I don't understand why people are always hoping the price of wireless will go down. Wait, that's not quite true, I understand why, but I just don't understand why people get so upset when the price doesn't go down. Does anything ever really get cheaper? It all goes up: wireless, gas, food, utilities, clothes, cars, houses, movies. It just seems to me that too many people sign up for something that they really haven't budgeted for and then expect the provider to make it cheaper for them. That isn't their responsibility.

8. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

Well with an almost 4 BILLION profit in ONLY the second quarter, you would think they would pass down some savings. That is a heck of a lot money. $$ $$ $$ If I had a tenth of that, my family, my kids families & their kids family would ALL be wealthy & NEVER EVER have to work. That is insane amounts of profit.

14. aikonix

Posts: 60; Member since: Apr 08, 2012

especially AFTER paying off all their employees, exec's, ceo, thats the PROFIT earned for their company... thats TOO MUCH MONEY. I dont care what anyone says, u cut prices up to HALF of their priceplans, u would look at a "2 BILLION" profit..... still too much money to be charging us consumers.. oh and gas prices, food, utilities, they are ALSO making record braking PROFITS, profits mean you overcharge something of what u got it for or made it for and sell it to consumers who are willing to buy because of supply and demand. everyone needs a cellphone now adays, its how we are acustomed to living, if they raised the prices 200%, guess what, we'd still all pay it and still complain its too expensive.. The only way we can drive prices down is CUTTING supply and demand, BOYCOTT the wireless companies, gas, only buy generic brand foods, that would drive prices down but we dont and wouldnt want to do that now would we?

15. thedarkside

Posts: 654; Member since: Apr 30, 2012

in all honesty i hope they use this money to push out more LTE. i need that tihs in columbus.

17. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

Everything you said I trust in. You sir are 100% correct. If only people could boycott effectively then that would show these greedy corporations that we the people wont pay what they demand. +1

18. Sparhawk

Posts: 75; Member since: Mar 10, 2012

How clueless could you be? I'll type it slowly so you can understand: COMPANIES ARE IN THE BUSINESS FOR THE SOLE PURPOSE OF MAKING MONEY. THAT'S IT. As much as they like to pretend they care about their customers, they only care about them as long as the customer keeps paying the bill. You think I'm wrong, try not paying your power bill for 6 months and see how they respond. As for the "too much money" crap: get real. A large portion of that profit is re-invested in their network. LTE cell towers don't grow on trees, and they aren't cheap. Since when was profit evil? Do you work a full-time job and then only take home the money necessary to survive? Or do you put the extra "profit" in a savings account, or spend it on other things? If you are turning a profit by working, do you think you are overcharging the company for your work? The fact of the matter is, you are working because you profit from it. Same with companies. Generic brand foods are often made on the same production lines by the same companies that make the name-brand stuff. Just like Boost Mobile and Virgin Mobile use the same cell towers as Sprint (and I believe are actually controlled by Sprint as well). Going "generic" is still feeding the corporate profits you claim to despise, and often to the same supposedly despised companies.

19. thedarkside

Posts: 654; Member since: Apr 30, 2012

sprint owns boost and virgin. you are correct sir.

21. items17070

Posts: 70; Member since: Dec 20, 2011

yes, but there is a word you seem to be ignorant of, its called ABUSE!

22. items17070

Posts: 70; Member since: Dec 20, 2011

LOL, looks like you were paid by ATT as there spokes greed person! hahahaa, i guess the GAS / OIL companies are immune to what you say also! FALSE!!

23. aikonix

Posts: 60; Member since: Apr 08, 2012

yes of course business's are in it for money, yes of course i have to work everday to "get that profit" the fact of the matter is, thats too much profit. if they had 50 million customers and stated they made 100 million in profit after paying all their exec's, ceo, employees, etc, that would STILL be AWESOME to see that a company could do that especially with so many consumers, but to crank out BILLIONS of dollars in pure profits is just rediculous and stealing our hard earned money... you, speaking of my "profit" out of my paychecks, i work for sprint, im a supervisor in a call center, and im struglling week by week, paycheck by paycheck while that CEO/business has his own Yacht, mansion, probably 15 ferarris, etc... i dont have a cellphone because i dont want it/need it. i do have a samsung galaxy s1 (epic 4g on sprint) but stopped my service because its too expensive. so you say generic foods are from the same manufactures too? i say different, what do u think the Farmer's market is selling? fresh local fruits/food supporting PEOPLE, not corps. you can always find area's in your town/city that sell/support local and fresh foods stopping supply and demand would be the only way

4. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Funny no mention of AT&T activating 3.7M new iPhone, for a 73% share of all Ma' Bell smartphones.

7. disneydad

Posts: 114; Member since: Mar 26, 2012

A lot of people still consider ATT the 'iPhone' network. If you walk into a VZ or Sprint store you're more likely to be recommended a high end Android phone.

11. jenna_23

Posts: 145; Member since: Apr 02, 2010

not in my store haha yes i work at at&t everytime someone comes in the store looking for a smart phone me and the other 2 guys i work with always show those persons android phones first and show them that most android phones have better specs than the iPhone's if they still decide they want an iphone then thats up to them.

12. thedarkside

Posts: 654; Member since: Apr 30, 2012

same thing happens at my verizon store.

5. InspectorGadget80 unregistered

If AT&T makes that much damn money. THEY SHOULDN'T TOUCH in order to keep changing data plans. not everyone can afford data plans

6. Mobira

Posts: 4; Member since: Jul 19, 2012

5.1 million smartphones of which 3.7 M iPhones... Would anyone have knowledge on how to break down the remaining 1.4 Million units? Especially in regards of Lumia's?

9. dmn666

Posts: 244; Member since: Oct 19, 2011

I was thinking about it. If I remember it correctly, around 0.3 - 0.4 million Lumia 900 were sold. That's about 25% of the remaining 1.4 million units - which is actually pretty good !!! The rest split between Android and BB (say on 3:1 ratio - just guessing). So android gets 0.75 million and BB gets 0.25 million.

13. darkvadervip

Posts: 366; Member since: Dec 08, 2010

How much did sprint or tmobile? My fault one does not have the iPhone and the other one Internet speed is wack at least in Tennessee

16. donfem

Posts: 708; Member since: Mar 30, 2011

Don't understand why some people show their retardation openly

20. ghostnexus

Posts: 96; Member since: Mar 07, 2012

AT&T is the best!

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