AT&T Quarterly Earnings Up Despite Verizon Success
Yesterday AT&T reported their quarterly earnings that showed despite many believing the release of the Verizon iPhone would have a dire effect on AT&T, the report showed that AT&T’s quarterly earnings were up.
According to an article over on Apple Insider, AT&T laid claim to 3.6 million iPhone activations in Q1 of 2011, which is an increase over the previous year of 33 percent. However, when it came to tablet activations, AT&T managed to scrape in just 322,000.
Apparently iPhone activations rose by a million in Q1 of 2011 while apparently 23 percent of those were new to AT&T, and thus the figures would suggest that although the Verizon iPhone was released in Q1 the initial impact of the Big Red’s CDMA iPhone wasn’t great.
Revenue wise, AT&T earnings rose to $3.4 billion or 57 cents a share, while revenue also went up by 2.3 percent to $31.25 billion. Although the release of the Verizon iPhone did have some impact as new activations on AT&T fell from 400,000 the previous quarter.