AT&T Reports 4Q12 Earnings, Activated a Record 8.6 Million iPhones
AT&T has reported its earnings for the fourth quarter of 2012 in which it activated a record 8.6 million iPhones.
The company increased wireless revenues by 5.7% and wireless service revenues by 4.2% year-over-year. They also had an increase of 780,000 postpaid customers, the highest quarterly increase in three years. Total subscribers was also up by 1.1 million.
AT&T says that it sold 10.2 million smartphones in the quarter - the most ever sold by a U.S. carrier - giving it a total postpaid smartphone customer base of 47.1 million. Smartphones accounted for 89% of postpaid phone sales and the average monthly revenues per subscriber reached $64.98, an increase of 1.9%.
Referencing its iPhone sales AT&T wrote, "In the quarter, the company activated a record 8.6 million iPhones, with 16 percent new to AT&T. The company also had its best-ever sales quarter for Android smartphones."