At&T Earnings Fall, Activates 2.7 Million iPhones
Yesterday Apple announced that during its second fiscal quarter of 2010 it had sold 8.75 million units worldwide, today the official US carrier of the iPhone AT&T announced that it had activated 2.7 million of those.
In the carriers earnings report the company said that signups of wireless customers under contracts dropped 43 percent year-over-year to 512,000. If you were to exclude iPhone signups that figure would have been negative.
AT&T says that it activated about 900,000 iPhones for new customers and 1.8 million iPhones were activated for customers who were already part of the carrier.
AT&T’s consolidated revenues totaled $30.6 billion, up $78 million, or 0.3 percent, versus the year-earlier quarter; operating expenses were $24.6 billion versus $24.8 billion; operating income was $6.0 billion, up from $5.7 billion in the first quarter of 2009; and AT&T’s operating income margin was 19.6 percent, up from 18.8 percent in the year-earlier quarter.
First-quarter 2010 net income attributable to AT&T totaled $2.5 billion, or $0.42 per diluted share, reflecting a previously disclosed noncash charge of $995 million, or $0.17 per diluted share, related to recently enacted changes in the tax treatment for the Medicare Part D subsidy. Excluding this charge, first-quarter earnings would have been $3.5 billion, or $0.59 per diluted share. These results compare with net income of $3.1 billion, or $0.53 per diluted share, in the year-earlier first quarter.