AT&T Releases iPhone Activation Data, Earnings
AT&T's second-quarter earnings are a significant 26% higher (year over year) with total earnings of $4 billion (compared to only $3.2 billion in the same quarter in 2009). On the heels of a strong fiscal year to date, AT&T raised its outlook for the full year.
On Thursday morning, however, AT&T announced
another interesting tidbit that isn't so hard to fathom given Apple's strong performance last quarter and record iPhone sales. According to the exclusive US iPhone carrier, it activated 3.2 million Apple handsets and raked in a veritable boatload of cash as a result. Proving a strong quarter all around, AT&T says its unprecedented sales and iPhone activation came in at a rate of 10 times higher than that seen last year with the iPhone 3GS.
"On June 24, AT&T began offering iPhone 4, the most powerful iPhone yet. Preorder sales of iPhone 4 were 10 times higher than the first day of preordering for iPhone 3GS a year earlier. For the full second quarter, AT&T iPhone activations totaled 3.2 million, the most quarterly iPhone activations ever. Approximately 27 percent of those activations were for customers who were new to AT&T," the wireless carrier boasted.
Taking a look at the in-depth data revealed by AT&T, there were also 1.6 million organic net adds in total wireless subscribers (best-ever second quarter) to reach 90.1 million in service. Additionally, 3G postpaid integrated devices on AT&T's network also spiked (by 2.9 million to 29.7 million), which represents an increase of nearly 100% percent year over year.
For all the gory details, check out AT&T Delivers Double-Digit Earnings Growth in Second Quarter, Raises Full-Year Outlook.