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.
“Our wireless network performance continues to be terrific,” said Randall Stephenson, AT&T chairman and CEO. “And that helped drive our best ever first quarter for smartphone sales, improved wireless churn and strong growth in mobile data revenues. We also posted record sales of our U-verse high-speed IP service. Across all of these areas, we’ve built a solid foundation for future growth in mobile Internet and IP broadband, which will only expand as we progress with Project VIP.”

Source: AT&T