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AT&T reports strong Q2 earnings

By Michael Heller

Updated: Jul 21, 2011, 8:50 PM

AT&T

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AT&T may have had a slight bump in the road to its acquisition of T-Mobile during its Q2 earnings report, which showed that the carrier is doing just fine. AT&T has been arguing during its filings to acquire T-Mobile that its having trouble meeting costs, but $31.5 billion in revenue for Q2 alone seems to us like it could cover quite a few costs. Sure, the T-Mobile merger may allow AT&T to get its LTE network up and running faster, but it would seem the company has a solid revenue stream.

The $31.5 million in revenue represents a 2.2% increase over Q2 of last year for AT&T. The increase was due in large part to strong smartphone sales. The company reported 5.6 million smartphones sold, which adds up to 70% of AT&T's postpaid sales. AT&T also reported adding 1.1 million wireless customers, including 331,000 postpaid subscribers.

AT&T reported activating 3.6 million iPhones, but only 24% of those were new subscribers. The carrier also reported that Android and other smartphones made up 40% of smartphone sales in the quarter. Of course, this kind of increase shouldn't have been to hard to get to since AT&T's Android lineup was pretty sad before the launch of the HTC Inspire in February, the Motorola Atrix in March, and the Samsung Infuse in May.

source: AT&T via Mashable

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Michael Heller is known for his clear and informative articles on mobile technology. He explores important topics such as the rollouts of 5G networks and the advancements in mobile payments, offering readers insights into the evolving tech landscape.