AT&T Reports 3.6 Million iPhone Activations in Q2

AT&T today reported second-quarter results which included an increase of 1.1 million wireless subscribers and the activation of 3.6 million iPhones. This is the same number of activations as it had in its first quarter.

Here are some highlights of the report:
● $0.60 diluted EPS, compared to $0.67 diluted EPS, and $0.60 per diluted share when excluding a significant item in the second quarter of 2010
● Consolidated revenues of $31.5 billion in the second quarter, up more than $680 million, or 2.2 percent, versus the year-earlier period
● 9.5 percent growth in wireless revenues, with a 7.4 percent increase in wireless service revenues
● Total wireless subscribers up 1.1 million to reach 98.6 million subscribers in service, with gains in every customer category including 331,000 postpaid net adds
● Best-ever second-quarter smartphone sales of 5.6 million; nearly 70 percent of total postpaid sales were smartphones
● iPhone activations remain strong at 3.6 million, with 24 percent of subscribers new to AT&T; iPhone subscriber churn down slightly sequentially
● Sales of Android and other smartphones doubled year over year; more than 40 percent of smartphone sales in the quarter
● Branded computing subscribers (includes tablets, aircards, MiFi devices, tethering plans and other data-only devices) up 545,000, almost doubling since the second quarter of 2010 to reach 4.0 million
● 23.4 percent growth in wireless data revenues, up $1 billion versus the year-earlier quarter
● Postpaid subscriber ARPU (average monthly revenues per subscriber) up 2.0 percent to $63.87, the tenth consecutive quarter with a year-over-year increase
● Fourth consecutive quarter of year-over-year growth in wireline consumer revenues, driven by AT&T U-verse services
● 202,000 net gain in AT&T U-verse TV subscribers to reach 3.4 million in service, with continued high broadband and voice attach rates
● 21.9 percent growth in wireline consumer Internet Protocol (IP) data revenues to reach nearly half of consumer revenue, driven by continued AT&T U-verse expansion
● Continued increase in strategic business services revenues, up 19.4 percent year over year, their strongest growth in six quarters

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