Ina Fried

Recent Posts by Ina Fried

AT&T: $32 Billion in Revenue, 6.8 Million Smartphones Including Record Number of Androids

AT&T said on Tuesday that it sold a record number of Android smartphones last quarter, helping fuel adjusted earnings of 67 cents per share on revenue of just more than $32 billion.

AT&T chicago flagship store

“This was a solid quarter for revenue and customer additions across our key growth platforms,” CEO Randall Stephenson said in a statement, adding that the company’s LTE network deployment is ahead of schedule. AT&T expects to be basically done covering the nation with LTE by next summer.

Among other data points offered up by AT&T:

  • The company added 551,000 postpaid subscribers and 632,000 total subscribers for the quarter. That included nearly 400,000 wireless-enabled tablets.
  • Total wireless revenue, including device sales, totaled $17.3 billion, up 5.7 percent. Service revenue accounted for $15.4 billion of that, with data service totaling $5.4 billion, up nearly 20 percent from a year earlier.
  • More than a third of customers are on LTE, with roughly two-thirds on one of the two “4G” networks (either LTE or HSPA+).
  • The company now has more than 13 million people on one of its Mobile Share pooled data accounts, with more than 15 percent of those customers migrating from an unlimited plan. More than 25 percent of Mobile Share accounts are using greater than 10 gigabytes of data.
  • More than 70 percent of smartphone customers are on some sort of tiered data, rather than unlimited data, plan.
  • In its TV business, AT&T added 233,000 subscribers to bring its total base to more than 5 million for the first time.

Update: On a conference call with analysts, AT&T said it sold more iPhones than in the year-ago quarter, but declined to give a specific number.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik