AT&T Has Great Q2, Activates A Record Amount of iPhones

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News Posted: Fri, Jul 23 2010 2:43 PM
It's that time of year again. Or, that time of quarter, we should say. It's the time of year where companies dish out their most recent quarterly earnings. And while Microsoft, Intel and AMD have already had their turn, now it's time for AT&T to share in the glory. The company, which AT&T Mobility is ushered under, just had one heck of a quarter, with strong revenues, profits and loads of iPhone adds.

According to AT&T, they had 1.6 million organic net adds in total wireless subscribers, which was a record for Q2 adds. That helped them to reach 90.1 million in service, but here's the major part: 3.2 million iPhone activations occurred in the second quarter. In case you were wondering, that's a new company record for the amount of iPhones activated in a single quarter. And we still have yet to see or feel the full impact of the iPhone 4, despite the antenna issues.

The company also saw best-ever wireless churn levels, with 1.01 percent postpaid churn and 1.29 percent total churn. All told, the company saw a 10.3 percent increase in wireless service revenues, with postpaid subscriber ARPU (average monthly revenues per subscriber) up 3.4 percent. And if you didn't think that WWAN devices were growing in popularity, how's this? AT&T had a 2.9 million net increase in 3G postpaid integrated devices on AT&T’s wireless network to reach 29.7 million. Needless to say, the company ended the quarter on a high note, but even with the cash flowing in, that hasn't stopped them from instituting new data caps for smartphones. Where there's a will, there's a way, even to make money (or make customers angry).

 AT&T Delivers Double-Digit Earnings Growth in Second Quarter, Raises Full-Year Outlook

Consolidated Revenues Increase, Margins Expand and Cash Flow Remains Strong

    * $0.68 diluted EPS compares with $0.54 diluted EPS in the second quarter of 2009, up 25.9 percent; up 13.0 percent excluding a $0.07 one-time gain from a Telmex Internacional stock transaction
    * $30.8 billion second-quarter consolidated revenues from continuing operations, up $194 million, or 0.6 percent, versus the year-earlier period and up $278 million, or 0.9 percent, sequentially
    * Consolidated operating margin expansion to 19.8 percent, up from 18.0 percent in the year-earlier quarter
    * 1.6 million organic net adds in total wireless subscribers, best-ever second quarter, to reach 90.1 million in service
    * 3.2 million iPhone activations in second quarter, a company record
    * Best-ever wireless churn levels, with 1.01 percent postpaid churn and 1.29 percent total churn
    * 10.3 percent increase in wireless service revenues, with postpaid subscriber ARPU (average monthly revenues per subscriber) up 3.4 percent; sixth consecutive quarter with a year-over-year increase in postpaid ARPU
    * 27.2 percent growth in wireless data revenues, up $936 million versus the year-earlier quarter
    * 2.9 million net increase in 3G postpaid integrated devices on AT&T’s wireless network to reach 29.7 million
    * 32.0 percent growth in wireline consumer IP data revenues driven by AT&T U-verse® expansion; first-ever billion-dollar revenue quarter for AT&T U-verse services
    * 209,000 net gain in AT&T U-verse TV subscribers to reach 2.5 million in service, with continued high broadband and voice attach rates
    * 15.8 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services
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acarzt replied on Fri, Jul 23 2010 4:45 PM

Ahhhh sounds like AT&T is steadily making ridiculous amounts of money Smile

Now how about kicking some of that back to the customers in the form of lower prices Indifferent

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Super Dave replied on Fri, Jul 23 2010 10:56 PM

News:
In case you were wondering, that's a new company record for the amount of iPhones activated in a single quarter.

Will this lead to a new company record for dropped-calls?Confused

 SPAM-posters beware! ®

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Inspector replied on Fri, Jul 23 2010 11:25 PM

LOL Dave, Yes, yes it would.

So... most of that money is from the iphone only right? :)

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sackyhack replied on Sat, Jul 24 2010 9:12 PM

heh I think it was Jon Stewart that asked Apple why they chose a service provider that prevents their phone from being used as a phone.

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3vi1 replied on Sun, Jul 25 2010 12:18 AM

What part of "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn" don't you understand?

++++++++++++[>++++>+++++++++>+++>+<<<<-]>+++.>++++++++++.-------------.+++.>---.>--.

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acarzt replied on Sun, Jul 25 2010 3:39 AM

That old Apple commercial is such a contradiction to their business model now lol

It was all about breaking away from the norm and doing something different and not be a drone...

But what they've done is create a following of drones that all have to have the same iPod or iPhone or iPad and they will just give their money to Mac for what ever new product they release at some ridiculous price.

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