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AT&T Beats Estimates in Q3, 4.7 Million iPhones Activated

by Todd Haselton | October 24, 2012October 24, 2012 7:00 am PDT

3Q12 iPhone Chart[1][2][1]

AT&T announced its third quarter earnings Wednesday morning. The company noted total revenue of $31.5 billon for the quarter and earnings per share (EPS) of $0.63, which beat Street estimates that AT&T would report an EPS of $0.60. The company’s wireless revenue was up 6.6% and service revenue increased 4.5% during the third quarter.

AT&T also said it added 678,000 net wireless customers during the quarter, activated 4.7 million iPhones and sold a record number of Android and Windows Phone devices. It now has 44.5 million smartphones on its network, 8 million more than it had during the third quarter of last year and a 1.4 million smartphone unit increase from the second quarter of this year.

AT&T added 151,000 postpaid customers but that the figure was “impacted by iPhone 5 inventory constraints, which resulted in vast majority of third-quarter iPhone sales going to existing customers to satisfy pent-up demand.” The carrier’s postpaid churn was the best-ever for a third quarter at 1.08%.

The carrier currently offers 4G LTE in 135 million POPs and said it’s on pace to double that figure by the end of the year.

[via AT&T (PDF)]

 


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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