AT&T reports strong Q2 earnings

AT&T reports strong Q2 earnings
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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16 Comments

1. networkdood

Posts: 6330; Member since: Mar 31, 2010

ok, now let this thread NOT be a battle of ANDROID vs. IPHONE....

4. vvelez5

Posts: 623; Member since: Jan 29, 2011

Yes because we all know Blackberry OS is way better than those 2. (here comes the s**tstorm!)

2. remixfa

Posts: 14605; Member since: Dec 19, 2008

lol.. they will find a way somehow. I see that they reported the iphone sales as a number and android sales as a percent. Cant we just get it one way or another? 3.6 million is around 55% of the 5.6 million in sales for apple 2.24 million is around the 40% of the 5.6 million in sales for android which means blackberry and wp7 made up only 5% of all other smartphone sales. ouch... now its easy to read. :)

3. remixfa

Posts: 14605; Member since: Dec 19, 2008

BTW, since when did 300k postpaid subscribers become "strong earnings"? Wasnt it but a year or 2 ago they were posting like 2 million+ a quarter? Yea, this isnt strong.. this is "surviving". I bet a buck sprint out sells them for this quarter as well. :)

7. networkdood

Posts: 6330; Member since: Mar 31, 2010

Economy is worse than it was in 2007 and 2008. So, it is pretty good - obviously, the sheep still adore their iphone, but some people are waking out their doldrums....oops, I may have awoken some of the isheep, especially those argumentative ones....

8. networkdood

Posts: 6330; Member since: Mar 31, 2010

Iphone churn rate is actually dropping for AT&T...http://www.att.com/gen/press-room?pid=20404&cdvn=news&newsarticleid=32231&mapcode=financial Interesting to see if Sprint gets the 4S version....

5. donpeppino9

Posts: 67; Member since: Jan 24, 2010

i switched from sprint to att this past quarter after 8 years of sprint service... couldn't be any happier. don't need unlimited data. thats like going to some junk all you can eat buffet just for no limit frills on. in the end quality matters, not quantitiy.

6. networkdood

Posts: 6330; Member since: Mar 31, 2010

All depends on coverage - glad it is working out. Which droid phone did you get?

11. maritza686 unregistered

@network dood I'm pretty sure donpepinno9 wasn't able to get a droid because at&t doesn't offer any droid phones last time I heard only Verizon offers Droid phones not at&t if I'm not mistaken at&t calls there android phones android phones not droids like Verizon ....

14. networkdood

Posts: 6330; Member since: Mar 31, 2010

Android...droid...same thing....

12. snowgator

Posts: 3614; Member since: Jan 19, 2011

As a current AT&T customer hoping to find an excuse to be a former AT&T customer, I do feel that the devices they have gives you the best overall selection. Maybe not the highest end premium devices, but you do have choices. 2 seperate iPhone models, 4 W7 selections, great Android options from Motorola, Samsung, HTC, LG, even the latest WeBOS device and a couple of ancient Blackberries. They are in the running for getting the GS2 first, they are getting their own 3D phone (Thrill), the next WeBOS (Pre 3), the Torch 2 and the Bold touch for RIM loyalists, and a couple more dual core HTCs' before the holidays (Lead, Holiday). IF, and this is a big if, you do not mind fighting customer service for two - three hours when you have a problem, AT&T is an okay option with a fun selection of toys.

15. networkdood

Posts: 6330; Member since: Mar 31, 2010

The latest HP phone, tiny as it may is out, as well the new HTC facebook phone. AT&T, finally, does have a good variety of phones. I only look at their high-end phones....iphone 4/5, atrix 4G, infuse 4G, inspire 4G, thrill 3D 4G, and soon-to-be announced ATTAIN 4G. Look at their selection one year ago.....ARIA and CAPTIVATE and iphone 4. New BOLD and TORCH 2 promise to be high end ...but we will see.

13. Geeksarebest

Posts: 34; Member since: Jun 28, 2011

The thing I'm suprised that no one's commented on here is that the OP mentions that "AT&T may have hit a bump"...there were never any filings that said AT&T needed T-Mobile for anything but securing the LTE rollout and spectrum was there? I wouldn't imagine that the Q2 *earnings* had anything to do with it unless the company was filing for merger to boost earnings and profits...

16. remixfa

Posts: 14605; Member since: Dec 19, 2008

part of ATT's plea to the FCC was that they are falling appart and couldnt be profitable without absorbing Tmobile and their customers. They were just caught in a lie.. just like that whole "we cant launch LTE without Tmobile".. then they launch it.. and "we will create new jobs".. but yet they are planing on 20k+ jobs cut in the merger.

17. Gaybasher unregistered

AT&T lies so badly, they make Casey Anthony look like an honest person.

18. remixfa

Posts: 14605; Member since: Dec 19, 2008

oooooh.. ouch... oooooooohhh.. lol

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