AT&T Inc. Wednesday said that it activated more than 1.6 million iPhones in the first quarter, one reason the company's net income didn't fall even more than the 9% it reported.The telecommunications firm said it had boosted its wireless subscriber base by 1.2 million during the first three months of 2009, more than half of them new customers brought to its network by the iPhone 3G. More than 40% of the 1.6 million new iPhone activations were customers previously not with AT&T. AT&T also trumpeted the iPhone's contribution to its longer-term standing, claiming that its iPhone subscribers generate an average monthly revenue per subscriber (ARPU) that's 1.6 times higher than the company's overall subscriber base. The "churn" rate -- the rate at which subscribers fall away and are replaced -- is also significantly less for iPhone owners, the company said. That's not surprising: AT&T has an exclusive with Apple in the U.S., and is the only mobile carrier authorized to sell the iPhone and provide service. "I am particularly pleased with the success of our iPhone 3G initiative, which has driven strong high-end customer growth and delivered financial benefits ahead of our original outlook," Randall Stephenson, AT&T chairman and CEO, said in a statement early Wednesday. AT&T's lock on the iPhone in the U.S. ends in June 2010, according to reports last week, but the company is negotiating to extend the deal at least another year. Analysts, however, have questioned whether Apple is as eager to stay with AT&T only. "My understanding when the iPhone first came out was that AT&T had a three-year exclusive, with an option to renew for two more years," said Brian Marshall, an analyst at Broadpoint AmTech. "But I'm not so sure that Apple wants to." Marshall, who has estimated that Apple will announce later today that it sold 3.15 million iPhones in the first quarter, today said the AT&T numbers were even better than those he had figured into his calculations. "The AT&T activation number of 1.6 million was 30% ahead of my expectations of 1.2 million," Marshall. "That's a very positive data point and gives me more conviction in my Street-high numbers for [the first quarter]." Typically, AT&T sales account for about 40% of Apple's total iPhone shipments during a quarter, Marshall said. If that holds true, Apple's iPhone sales would be approximately 4 million. AT&T's revenue of US$30.6 billion for the quarter was down less than 1% from the $3.07 billion it reported during the same period in 2008, the company said today in its earnings statement, while net income fell 9%, down from 2008's $3.5 billion to this year's $3.2 billion. Wireless data revenue, however, was up 39% year-over-year, said AT&T.
Most Popular Reviews
- 1 Sony 75-inch UHD TV (X9400C) review: Sony and Android are a winning duo
- 2 LG 55EG960T OLED UHD TV
- 3 Panasonic Viera UHD TV review: good hardware, fragmented software
- 4 Ford Focus ST (2015) review: Absolutely mental styling, engine, handling
- 5 LG 65-inch UHD TV (65UF950T) review
Deals on Good Gear Guide
- Networking, Wireless & VoIP
Deals on Good Gear Guide
Latest News Articles
- Qualcomm enters server CPU market with 24-core ARM chip
- AWS re:Invent 2015: Amazon aims to make AWS a better home for IoT devices
- Dell's next 'AFTE' software robot will offer cognitive intelligence
- Adidas to 3D print custom insoles in sneakers
- Microsoft links Power BI to Alteryx for deeper analytics
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
- FTDatabase Marketing ManagerNSW
- FTBusiness Development & Account ManagementNSW
- FTSales SpecialistNSW
- FTSenior Account Manager - PR AgencyNSW
- FTAndroid DeveloperNSW
- FTLinux Administrator with AWS & DevopsNSW
- FTManual Test Engineer | Financial Institution | Web testingNSW
- CCE-Commerce - Senior Web Application DeveloperNSW
- FTField EngineerNSW
- CCMilitary simulation programmer with C# and Unity - 3 monthsNSW
- FTLevel 2 IT Support TechnicianVIC
- FTAccount Manager | Music IndustryNSW
- FTMid level IT consultant | Systems Integration & Managed ServicesNSW
- FTSystems Administrator - Managed ServicesNSW
- FT1st & 2nd level IT support all-rounder in beautiful rural BathurstNSW
- FTDigital ManagerNSW
- FTSenior Consultant | Project work | National Systems IntegratorVIC
- FTSystems Administrator | National commercial law firm | MS, AWS & eDiscoveryNSW
- FTAccount Manager | Client Side - Previous Agency Experience Welcome!!NSW
- FTProduct Marketing ManagerNSW