AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold

AT&T reports Q1 earnings: $31.8 billion in revenue, sells 5.5 million smartphones

Sure, there was no new iPhone to boost its smartphone sales this quarter, but the carrier still managed to push 5.5 million of the devices out the door, while activating 4.3 million Apple-branded handsets. The company beat analyst predictions by raking in $31.8 billion in revenue and pocketing $3.6 billion of that as income, up from $3.4 billion over the same time period last year. Things are looking good for the company as both U-Verse and its wireless business grew revenues dramatically — by 38.2 percent and 19.9 percent, respectively. Growth on the cellular side is in large part thanks to the 726,000 net subscriber adds. Of particular interest is the growth in so-called “branded-computing” subscriptions, which includes tethering plans and tablets. There, AT&T has seen a growth of 70 percent over last year, reaching 5.8 million customers (including 460,000 added last quarter). For more financial fun check out the PR after the break.

Continue reading AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold

AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold originally appeared on Engadget on Tue, 24 Apr 2012 08:35:00 EDT. Please see our terms for use of feeds.

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