John Paczkowski

Recent Posts by John Paczkowski

Wonder How Verizon Feels About Passing on the iPhone, Now …

If Apple, as CEO Steve Jobs said yesterday, is now the world’s third largest mobile phone supplier in terms of revenue, what does that mean for AT&T, the exclusive carrier of Apple’s sole mobile phone in the states? Largely good things, according to the company’s third quarter results.

Apple (AAPL) activated some 2.4 million iPhone 3Gs in the quarter, with about 40 percent of them going to new customers. Unfortunately, these robust sales actually tempered earnings growth because AT&T (T) is so heavily subsidizing the device’s upfront purchase cost. AT&T posted earnings of $3.2 billion, or 55 cents per share, for the third quarter, up from a profit of $3.1 billion, or 50 cents per share during the same period last year. iPhone subsidies, however, cost it 10 cents a share. But that’s money well spent, according to AT&T, which says iPhone owners generate more revenue per person for the company than the typical wireless customer and are less likely to cancel service. And the company’s got 50.5 percent growth in wireless data revenues from Internet access, messaging, email and related services, and 15.4 percent growth in total wireless revenues to prove it.

“I am particularly pleased with the customer response to the iPhone 3G,” AT&T CEO Randall Stephenson said in a statement. “The new customers we’re winning are high-value, with attractive revenue and churn profiles. We’re expanding the market, as users adopt more data and media-rich services and access a wide array of applications. These achievements are positive for the future of our business.”


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work