AT&T posts strong revenue and earnings growth; activates 5.2 million iPhones

Mon, Oct 25, 2010

Finance, News

AT&T last week reported a record third quarter with earnings of $2.08 a share on revenue of $31.58 billion. During the same quarter a year-ago, AT&T posted earnings of $0.54 a share. The upshot in earnings was no doubt bolstered in part┬áby a record number of iPhone activations – 5.2 million in total. AT&T’s previous quarterly record of iPhone activations was 3.2 million during the previous quarter. Impressively, 24% of of those 5.2 million activations, or 1.24 million users, were brand new AT&T customers.

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