Tuesday, April 22, 2008

AT&T profits rose to 22% primarily on IPhone sales

AT&T has unveiled their quarterly results today. Their first quarter results rose by 22%.

Net income jumped to $3.46 billion, or 57 cents a share, from $2.85 billion, or 45 cents, a year earlier.

AT&T announced that such profits were in part driven by gains in its wireless business. And of course the flagship of it is the iPhone, which doubled the average revenue per subscriber that AT&T gets from other wireless customers.

Strangely, AT&T did not announce how many iPhones were sold, like it did in the past. One can guess that it is not a record braking number. This unknown situation leads to fall of Apple stocks today.


One the good site, tomorrow Apple will publish their quarterly earnings as well revealing the precise numbers.

Thanks: TechCrunch.

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