It’s earnings season, and following Apple’s stellar quarterly report from earlier this week comes new financial data from AT&T for our consumption.
During Ma Bell’s second fiscal quarter of 2011, the company reported revenue of $31.5 billion, an uptick of 2.2% year over year. iPhone wise, the company activated 3.6 million devices with more than a quarter of those belonging to new users. Again, note that in the carrier business, attracting new customers is the holy grail which is why a device like the iPhone, which has the power to get users to leave pre-existing contracts and carriers, is so sought after. Notably, the 3.6 million iPhones sold for AT&T represent more than half of all smartphones the company sold during the June quarter – 5.6 million to be specific.
Verizon is next on deck and is due to deliver their June quarter earnings results this Friday. Given that this was the first quarter where Verizon had the iPhone for a full 3 months, it’ll be interesting to see how Verizon’s activations stack up to AT&T’s. It’s also worth mentioning that AT&T’s press release relays that iPhone subscriber churn is “down slightly sequentially.”
With regard to Apple’s stalwart smartphone competitor, AT&T noted that Android sales doubled year over year and represent more than 40% of all smartphone sales during the quarter gone by.
Returning to AT&T, the company reported EPS of $0.60, down from $0.67 during the same quarter a year-ago.