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04-20-2011, 10:30 AM #1
AT&T Announces 'Verizon-Proof' Earnings, iPhone Activations
AT&T announced its quarterly earnings this morning and some are calling the numbers Verizon-proof, at least with regard to the carrier's strong iPhone activation numbers during the first quarter of 2011. Despite the arrival of the iPhone 4 on the Verizon network in the US and months of heated rumors leading up to that eventuality, AT&T activated 3.6 million iPhones during Q1, a full 33% increase from Q1 2010.
"We delivered another robust mobile broadband growth quarter for a very solid start to the year," boasted Randall Stephenson, the carrier's chairman and chief executive officer. "We posted double-digit wireless revenue growth, and we set new first-quarter records in total net adds, connected device net adds and smartphone sales. Growth in tablets and other branded computing subscribers also continues to be strong."
But, if truth be told, Stephenson's reference to "growth in tablets" is worth another look, as tablet activations actually grew at a much smaller pace than before, with just 322,000 tablet activations. Still, AT&T says it lured in a total of 62,000 new wireless contract users in the quarter. AT&T's total subscriber base now sits at 97.5 million, a full 12% increase over the last twelve months.
Despite the increased competition in the smartphone and tablet marketplaces and the threat of Verizon eviscerating AT&T's iPhone user base in the US, AT&T proved stronger than many anticipated today with its Q1 earnings - a positive sign for shareholders in the quarter ahead.
04-20-2011, 10:44 AM #2
Won't the real test be in June, July, August when AT&T customers' contracts will be ending from the 3GS? Depending on what the differences might exist between the Verizon and AT&T in regards to 3G and 4G, pricing, etc, AT&T might not be boasting then.
Suspicion: I believe the iPhone 5 is on track for a June release. Apple just tightened the leaks this year after last year's incident.
Last edited by STM127; 04-20-2011 at 10:48 AM.
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04-20-2011, 10:44 AM #3
AT&T is gonna be just fine. Just need to work on their network a little more.
04-20-2011, 10:48 AM #4
04-20-2011, 10:51 AM #5
Let's see what happens after an lte model is released.Hmm...
04-20-2011, 11:09 AM #6
The more money AT&T makes, the less they pay their reps. Makes perfect sense to me (sarcasm).Neo Style by k.nitsua....early front runner for THEME OF THE YEAR
Now in a dead heat with liveOS c/o bluemetal....
Let us all welcome the newest fighter to the TOTY ring...iNavHD c/o reeco
04-20-2011, 11:31 AM #7
04-20-2011, 11:51 AM #8
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04-20-2011, 12:28 PM #9
Verizon proof my a__, they were emailing people with 1000 free rollover mins, they brought the *calling any cellphone unlimited call future* on the table.
Without the any cell phone I woulda been gone already.
Only god knows what they will offer when the iphone is about to be released knowing that the verizon will not only be super reliable but extremely fast as well
04-20-2011, 12:59 PM #10
I don't think you'll see much change in this for awhile, the iPhone 5 release may make some difference. If AT&T gets T-Mobile that's gonna make the difference. Verizon is just as irritating as AT&T, both has there positives and negatives. 4G is going to be a concern, will 3G unlimited users be able to get unlimited 4G? Or is this how AT&T and Verizon gets rid of unlimited data users?
04-20-2011, 01:43 PM #11
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04-20-2011, 02:54 PM #12
I laugh at all the idiots who proclaimed that ATT would see its death when the iPhone moves to Verizon. I also laugh at all the idiots that proclaimed that Android in the US would meet its death when iPhone hits Verizon.------------------------------------------------------------------------------------------------------------------------------------------------------------------
I once prayed to God for an iPhone, but quickly found out He didn't work that way...so I stole an iPhone and prayed for His forgiveness.
A dog is the only thing on earth that loves you more than you love yourself. - Josh Billings
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04-20-2011, 03:40 PM #13
AT&T will do just fine when "4G" rolls out. I've never been somewhere and been unhappy with AT&T's service. Most places I'm at have WiFi anyways. You don't have to have 3G to make a call.. AT&T's overall coverage is way better, I'd rather have Edge then nothing. Obviously experiences may vary...
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04-20-2011, 05:14 PM #14
04-20-2011, 05:16 PM #15
It will take more than one quarter to determine if people are actually leaving at&t considering they made changes to their plans mid last year (new pricing/caps and higher ETF) to keep customers who upgraded last year from leaving at least for two more years.
"To unpathed waters, undreamed shores." -- William Shakespeare
04-20-2011, 05:33 PM #16
AT&T needs to worry about getting 3g to their ENTIRE customer base before bragging about getting 4g rolled out. The people that do not have 3g can leave and go to verizon and get it which will eventually show on these so called great numbers. They are fogetting about the people that are just waiting for their contract to expire so they can go get real 3g service and not have to deal with AT&T any longer. I for one do like AT&T but with no 3g service I can get it by switching to verizon when my contract is up. I just want to see these numbers again after there is a contract cycle, that will show how many people really are not that loyal to AT&T.
Just my .02
04-20-2011, 05:47 PM #17
Last edited by DampDesigns; 04-20-2011 at 05:47 PM. Reason: Automerged Doublepost
04-20-2011, 06:46 PM #18
04-20-2011, 09:53 PM #19
ATT a strong value in mid to major markets
Surprised that no one has brought up (IMHO) a big reason for new signups- $49 3GS model.
Seriously, the average consumer doesn't care about the hype and unlimited data, they want an iPhone and $49 makes it a great bargain. Add to that ATT has cheaper rate plans and unlimited m2m make Total Cost of Ownership a better value than the competition.
Also ATT has faster 3G than Ver. where available.
Last edited by rickinsav; 04-20-2011 at 09:58 PM. Reason: Added thought
04-21-2011, 11:01 AM #20