AT&T may not be one with T-Mobile USA yet, and they may be battling
Verizon Wireless for iPhone 4 domination, but that's apparently not
stopping the company from dominating on the financial front. The carrier
just announced their most recent quarterly earnings, and they're
extremely impressive. They saw a 10.2% revenue growth in the wireless
sector, along with record net additions and smartphone sales.
They managed to beat expectations in most regards, with consolidated
revenues of $31.2 billion representing an uptick of over $700m compared
to a year ago. AT&T also saw their best-ever Q1 smartphone sales,
with total shipments of 5.5m. iPhone activations were also strong.
Total, they saw 3.6m iPhones activated, which over 1 million more than
Q1 2010. More good news? The carrier had their best-ever Q1 connected
device net add of 1.3m, and branded computing solutions were also up.
aspect is particularly interesting. During Apple's earnings,
the company made clear that iPhone sales were through the roof, but if
the VZW version is having an impact on AT&T, it seems minimal. Will
the company continue to pile up the cash? Or will they start burning it
soon to expand their network? Time will tell!