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AT&T reports record quarter, again driven by iPhone sales in Q3

Updated Dec 19th, 2018 6:51PM EST
BGR

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AT&T reported a huge quarter Thursday morning, once again propelled by the success of Apple’s iPhone. The nation’s second largest wireless carrier activated a record 5.2 million iPhone units during Q3 2010 — a huge leap from its previous record of 3.2 million in a single quarter. 24% of those iPhone activations were new customers.

More highlights from the quarter include:

  • Record 2.6 million net subscriber additions (30% increase year-over-year)
  • 745,000 net postpaid subscriber additions
  • 321,000 net prepaid subscriber additions
  • 92.8 million total wireless subscribers
  • Record-low churn of 1.32% (down 0.10% year-over-year)
  • Consolidated revenue up 2.8% year-over-year to 31.6 billion
  • Operating income was up $100 million year-over-year but operating expenses were up $700 million

The real takeaway from AT&T’s impressive Q3 is unfortunately a negative one, even in the short term: the iPhone makes up a massive amount of AT&T’s business. Should the carrier lose iPhone exclusivity next year, which looks increasingly likely, the results could be disastrous.

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Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.

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