AT&T Q2 beats the Street, income still dives 16%

AT&T released its results for Q2 2009 this morning and while there’s no question its performance in the quarter was solid, not all is peachy for the nation’s number two wireless carrier. First things first… The iPhone: AT&T activated 2.4 million iPhones in Q2, meaning almost two and a half million iPhones were sold in less than a month here in the US. Pretty nuts. Also, over 33 percent (792,000) of those activations were performed for new customers. Moving beyond the iPhone, AT&T saw net subscriber additions of 1.4 million, 1.2 million of which were post paid, in the quarter to reach a total of 79.6 million subscribers. That figure is up by 6.7 million so far over last year. Total revenue came in at $30.7 billion, down about 1 percent YoY, and net income came in at $3.2 billion, down almost 16 percent from $3.8 billion in the same quarter last year.

Read

blog comments powered by Disqus