AT&T today reported earnings for 1Q12 which revealed a drop of 43% in iPhone activations to 4.3 million units activated in the quarter.
Notably, this figure is 78% of all AT&T smartphone activations. That's higher than Verizon's 51%.
Between AT&T and Verizon, iPhone activations fell 37% on a quarter over quarter basis.
Read More [via SAI]
Earnings Highlights:
● $0.60 diluted EPS compared to $0.57 diluted EPS in the first quarter of 2011
● Consolidated revenues of $31.8 billion, up $575 million, or 1.8 percent, versus the year-earlier period
● Wireless operating income margin up to 27.2 percent; wireless EBITDA service margin up significantly to 41.6 percent even with strong smartphone sales
● More than $2 billion in stock buybacks; 67.7 million shares repurchased
● AT&T's growth engines - wireless, wireline data and managed services - represented 78 percent of total revenues and grew 6.2 percent versus the same quarter a year ago, led by:
---19.9 percent growth in wireless data revenues, up more than $1 billion versus the year-earlier quarter
---19.0 percent growth in strategic business services revenues
---38.2 percent growth in consumer U-verse revenues
● Smartphone sales of 5.5 million, exceeding the previous first-quarter record, with about 30 percent of all postpaid smartphone subscribers on 4G-capable devices
● 726,000 total wireless net adds, with gains in every customer category
● Postpaid wireless churn of 1.1 percent, lowest level in seven quarters
● Record first-quarter branded computing (tablets, tethering plans, etc.) net adds of 460,000 to reach a total of 5.8 million, up almost 70 percent versus a year ago
● Postpaid wireless subscriber ARPU (average monthly revenues per subscriber), up 1.7 percent to $64.46
● Wireline business year-over-year revenue comparisons continue to improve
● Wireline consumer revenues up 1.0 percent versus the year-earlier period; seventh consecutive quarter of year-over-year growth
● AT&T U-verse subscribers (TV and high speed Internet) top 6 million; U-verse TV subscribers reach 4 million in service
Notably, this figure is 78% of all AT&T smartphone activations. That's higher than Verizon's 51%.
Between AT&T and Verizon, iPhone activations fell 37% on a quarter over quarter basis.
Read More [via SAI]
Earnings Highlights:
● $0.60 diluted EPS compared to $0.57 diluted EPS in the first quarter of 2011
● Consolidated revenues of $31.8 billion, up $575 million, or 1.8 percent, versus the year-earlier period
● Wireless operating income margin up to 27.2 percent; wireless EBITDA service margin up significantly to 41.6 percent even with strong smartphone sales
● More than $2 billion in stock buybacks; 67.7 million shares repurchased
● AT&T's growth engines - wireless, wireline data and managed services - represented 78 percent of total revenues and grew 6.2 percent versus the same quarter a year ago, led by:
---19.9 percent growth in wireless data revenues, up more than $1 billion versus the year-earlier quarter
---19.0 percent growth in strategic business services revenues
---38.2 percent growth in consumer U-verse revenues
● Smartphone sales of 5.5 million, exceeding the previous first-quarter record, with about 30 percent of all postpaid smartphone subscribers on 4G-capable devices
● 726,000 total wireless net adds, with gains in every customer category
● Postpaid wireless churn of 1.1 percent, lowest level in seven quarters
● Record first-quarter branded computing (tablets, tethering plans, etc.) net adds of 460,000 to reach a total of 5.8 million, up almost 70 percent versus a year ago
● Postpaid wireless subscriber ARPU (average monthly revenues per subscriber), up 1.7 percent to $64.46
● Wireline business year-over-year revenue comparisons continue to improve
● Wireline consumer revenues up 1.0 percent versus the year-earlier period; seventh consecutive quarter of year-over-year growth
● AT&T U-verse subscribers (TV and high speed Internet) top 6 million; U-verse TV subscribers reach 4 million in service