October 22, 2009
AT&T just released their third quarter 2009 earnings report and although the numbers aren't as unexpected and jaw-dropping as Apple's, they are probably feeling pretty good about themselves right about now. AT&T reported a net income of $3.2 billion on revenue of $30.9 billion, which right on target with numbers from the same quarter last year. The bigger deal here, at least for us iPhone fans, is that AT&T activated 3.2 million iPhones during its third quarter, the highest quarterly total ever. It beats out the 2.4 million iPhone 3G activations from the same quarter last year. Of those 3.2 million activations, nearly 40 percent were new AT&T customers. If you do the math, that means that close to half of those 7.4 million iPhones sold are being used on AT&T's network. AT&T experienced an overall net gain of two million wireless subscribers while also reducing their subscriber churn rate, which is surprising considering they haven't exactly had the best year for customer satisfaction. AT&T also experienced a 33.6 percent increase in wireless data revenues, which is more than double their third quarter total from two years earlier. Now if only AT&T would throw a bit more of those wireless data dollars at beefing up their network, we wouldn't complain day in and day out about their shoddy service. We know you have the money AT&T, so let's see some more progress!