Notification Center

This is our new notification center. Inside, you will find updates on the most important things happening right now.


Hmm, push notifications seem to be disabled in your browser. You can enable them from the 'Settings' icon in the URL bar of your browser.
Black Friday deals
Catch limited-time Black Friday deals on tech before they are gone!

AT&T reports first quarter earnings with 72% of subscribers wielding a smartphone

AT&T reports first quarter earnings with 72% of subscribers wielding a smartphone
AT&T earned $3.7 billion for its first quarter, just edging out the $3.6 billion that the company made in the 2012 period. Revenue of $31.4 billion was down 1.5% over last year. Wireless revenue from data rose a healthy 21% in Q1, but including everything, wireless revenue was up 3.4% in the period. With a record number of Q1 smartphone sales, AT&T's wireless operating income margin was 28%. Looking at actual figures, the wireless team brought in $16.7 billion in revenue over the three months, with $4.66 billion in profits recorded. With postpaid churn down to 1.04%, AT&T added 296,000 new postpaid accounts to its rolls, but 365,000 of those came from new tablet subscribers.

With 1.2 million new smartphone subscribers, 88% of phone sales over the three month period were for the brainy handsets. The company sold 6 million of them over the three months, a new record for the first quarter. 72% or 48.3 million AT&T customers have smartphones, up from 61% or 41.2 million subscribers at the end of the 2012 first quarter. After reporting the numbers, AT&T shares dropped 72 cents in after-hour trading to $38.28. Earlier on Tuesday, the shares scored a new 52 week high at $39.00.

source: AT&T, Slashgear via Engadget

New reasons to get excited every week

Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

FCC OKs Cingular\'s purchase of AT&T Wireless