On Tuesday, AT&T reported strong earnings fueled largely by solid mobile data growth, decent postpaid net adds and continued gains in U-verse services.
Although the nation's second largest carrier saw its earnings overshadowed in the press by Apple's earnings report yesterday, the company had plenty of Apple-related news of its own to reveal. For the quarter, Apple activated 4.8 million iPhones. That number is particularly impressive when you consider that AT&T activated 6 million smartphones for the entire quarter.
All told, AT&T sold more iPhones in the first quarter than Verizon and Sprint, although Verizon sold the most smartphones overall with 7 million units.
For the quarter ended March 31, 2013, AT&T's consolidated revenues totaled $31.4 billion, down 1.5 percent versus the year-earlier quarter and up 0.9 percent when excluding revenues from the divested Advertising Solutions business unit.