Verizon's access to the iPhone 4 isn't stopping AT&T from adding new customers
Analysts were expecting the worse forAT&T
this quarter. After all, earlier this year, Verizon got its hands on the iPhone 4 which led many to believe that AT&T's fun in the sun was coming to an end.
AT&T is having the last laugh today, however. The company reported record smartphone sales for the first quarter. The 5.5 million smartphones sold during Q1 represented AT&T's third highest total ever for any quarter and represented a 60 percent growth year-over-year.
Despite the fact that Verizon now has the iPhone 4, AT&T was still able to activate 3.6 million iPhones during the quarter, with 23 percent of those customers -- 828,000 -- being new customers.
Other notes of interest regarding AT&T's smartphone sales:
“We delivered another robust mobile broadband growth quarter for a very solid start to the year,” said AT&T Chairman and CEO Randall Stephenson. “We posted double-digit wireless revenue growth, and we set new first-quarter records in total net adds, connected device net adds and smartphone sales. Growth in tablets and other branded computing subscribers also continues to be strong.
“Mobile broadband networks are driving unprecedented growth and innovation, and AT&T is playing a leading role in bringing these benefits to customers,” Stephenson continued. “That’s why our agreement to acquire T-Mobile USA, which we announced in March, is so important. Combined, the two companies’ spectrum and network assets will allow us to simultaneously address spectrum issues created by this increased demand and improve customers’ network experience as volumes continue to grow.”
Analysts were expecting the worse for
AT&T is having the last laugh today, however. The company reported record smartphone sales for the first quarter. The 5.5 million smartphones sold during Q1 represented AT&T's third highest total ever for any quarter and represented a 60 percent growth year-over-year.
Despite the fact that Verizon now has the iPhone 4, AT&T was still able to activate 3.6 million iPhones during the quarter, with 23 percent of those customers -- 828,000 -- being new customers.
Other notes of interest regarding AT&T's smartphone sales:
- Blackberry, Android, and Windows Phone 7 devices now represent roughly 40 percent of AT&T's smartphone sales.
- Of AT&T's 68.1 million postpaid customers, 46.2 million of them are on lucrative smartphone plans
- 80 percent of smartphone customers or on FamilyTalk or business discount plans
- 65 percent of postpaid sales for the Q1 can be attributed to smartphones
“We delivered another robust mobile broadband growth quarter for a very solid start to the year,” said AT&T Chairman and CEO Randall Stephenson. “We posted double-digit wireless revenue growth, and we set new first-quarter records in total net adds, connected device net adds and smartphone sales. Growth in tablets and other branded computing subscribers also continues to be strong.
“Mobile broadband networks are driving unprecedented growth and innovation, and AT&T is playing a leading role in bringing these benefits to customers,” Stephenson continued. “That’s why our agreement to acquire T-Mobile USA, which we announced in March, is so important. Combined, the two companies’ spectrum and network assets will allow us to simultaneously address spectrum issues created by this increased demand and improve customers’ network experience as volumes continue to grow.”
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