Edible Apple

AT&T announced today that it sold 5.5 million smartphones during the Q1 of 2012 and that 4.3 million of all smartphone activations were iPhones. Translation – the iPhone accounted for more than 75% of all AT&T smartphone sales.

• $0.60 diluted EPS compared to $0.57 diluted EPS in the first quarter of 2011
• Consolidated revenues of $31.8 billion, up $575 million, or 1.8 percent, versus the year-earlier period
• Wireless operating income margin up to 27.2 percent; wireless EBITDA service margin up significantly to 41.6 percent even with strong smartphone sales
• More than $2 billion in stock buybacks; 67.7 million shares repurchased
• Smartphone sales of 5.5 million, exceeding the previous first-quarter record, with about 30 percent of all postpaid smartphone subscribers on 4G-capable devices