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

By on Jul 23, 2009 at 9:44 AM
News July 23, 2009

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.

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  • Jake

    I disagree. Let me preface this by saying I am not a fanboy, I have both AT&T service (iPhone) and Verizon (laptop connect). AT&T was still the #1 carrier in subscriber numbers before the iPhone – they were reducing churn and adding record numbers. I honestly think that the iPhone is part of the reason AT&T’s network performance has been so highly criticized – there have been numerous studies showing that average iPhone user uses far more data than any other PDA user base, and AT&T’s network was not ready for that kind of immediate strain all at once.

    Just my two cents…

  • Jake

    Let me preface my comments with this – I’m not a fanboy. I have both ATT (iPhone) and Verizon (Laptop) end enjoy both services. That being said I think ATT would be doing fine without the iPhone – they were the number one carrier before the iPhone launched, and were still adding record numbers and reducing churn. I actually think the iPhone has contributed to the performance issues on ATT’s network. It has been studied/proven that iPhone users use a significant more amount of data than other PDA users. I don’t think ATT’s network was ready for that spike in usage immediately. W/o the iPhone I think you would see ATT’s network performing much better, and I also feel that if you put that many iPhone’s on any network, including Verizon’s, you would see problems.

  • Jake

    lol sorry for the double post my laptop (running on Verizon’s network) timed out on me and I wasn’t sure if the first post went through

  • Michael

    More like 7 or 8 million.. 20 is close though

  • nene

    Lets get this str8. I tried nextel, sprint, t-mobile, att (iphone), and now vz. Nextel was super good until sprint bought it. After that, I had drop calls like no other. T-mobile was as bad as sprint.So I got the iphone and man that phone gave me the biggest problem. Btw I used all the above carriers for at least 2 years. I just switched to vz and I can see a big difference. No drop calls, better reception at my house, I can hear the person that I’m talking to. If it was not for the iphone I would not sign with att, but when I signed with them I figured that their network sucks big time. Att was/is the first company in the US. How come their network is worse than all of the other 3 in terms of service. Apple will soon realize that customers are sick of att. What good is the iphone if you can make a call due to the network issues. I got sick of my iphone because I could make calls. I sold my iphone and I’m free with vz. I will not get an iphone again unless it comes to vz.

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