AT&T announces Q3 results, iPhone/data gains drive profits

By on Oct 23, 2009 at 10:51 AM
General October 23, 2009

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Yesterday AT&T announced its third-quarter earnings, and while year-over-year revenue was down (along with the rest of the market) Ma’ Bell managed to beat analysts $0.50 earnings per share prediction by $0.04.  Not bad, AT&T. The earnings were largely due to AT&T’s wireless division — 2 million new lines of service and 4.3 million post-paid wireless activations (3.2 million of which were iPhones) — produced a 33.6% percent increase in wireless data revenues bringing this quarter’s total to $3.6 billion. Our fleet of iPhones can probably account for a couple million of that 3.6 number. We’re joking, relax. Hit the press release for all the dirty details.

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  • http://andymaietta@yahoo.com Andrea Cristiano

    I do not believe Howard that bell uses the 2100mhz spectrum I think it is only tmobile

  • kyyle2334

    So this is AT&T as a whole? Is there any way we can find out how much AT&T Mobility made as a separate entity?

  • http://(null) latinjersey

    @kyyle2334,
    The article states what ATT mobility did. 2 million adds, 4.3 million activations.

    Posted from BGR Mobile (iPhone).

  • bobby

    I’m surprised people still buy iphones just for lame service…

  • kyyle2334

    @latinjersey: Thank you for the clarification.

  • guest

    If im not mistaken, tmo uses 1700 and ATT use 1900 for 3G, others like europe uses 2100

  • manny

    what i couldn’t believe after i saw this report online is how bad Sprint/Nextel is doing. They are in prime for a buyout from another company.

    AT&T stock price is about $25 a share
    Verizon stock price is around $29 a share
    Sprint/Nexetl stock price is at a rock bottom $3.25 cents

    sprint is doing so bad financially its crazy compared to at&t/verizon. when sprint bought nextel in 2004 they had 40million people while at&t/verizon had 46/42 million respectively in 2009 sprint has 49million while at&t/verizon double their customer base to 81/87 million.

  • FrozenJello

    Anyone else notice that 75% of all 2009Q3 AT&T activations were for iPhones?!! The press release also states that of those iPhone activations, 40% of those customers were new to AT&T! These staggering percentage figures shows the iPhone’s incredible mass appeal. Will Verizon’s Droid come close to this? Unlikely.

  • toursux

    may not get as much mass appeal.the droid will be the better phone!!

  • Mike

    AT&T placed all their eggs in one basket and alienated all the other handset manufacturer. Wait till Apple screws over AT&T… Apple always screws over their business partners.

  • DOGIEFRESH 3G

    When it comes to a desperation bitch……!!! there’s a carrier for that….: VZW…..!!!

  • interestinglyinteresting

    haha yeah, sad when ATT’s Iphone contract runs out with apple, like they said, they have alienated all the manufacturers just so they dont compete with the Iphone.

  • randomguy

    yeah if th eiphone does get offered else where wich is in my complete guess is likely att will have to do some major reconfiguring to keep the millions of people it will lose

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