AT&T announced its financial results for the first quarter of 2012.
AT&T’s posted revenues of $31.8 billion, up 1.8 percent, versus the year-earlier quarter and operating income of $6.1 billion, up 4.9 percent, versus the year-earlier quarter.
AT&T also announced that it activated 4.3 million iPhones in the last quarter, compared to 3.6 million iPhone activates in the same quarter last year and 7.6 million iPhones in the fourth quarter of 2011. AT&T sold 5.5 million iPhones, which means that iPhone accounted for a whopping 75% of those activations, which is extremely impressive.
Here’s an excerpt from AT&T’s press release:
AT&T sold 5.5 million smartphones, exceeding a first-quarter sales record set last year. Smartphones represented more than 78 percent of postpaid device sales. At the end of the quarter, 59.3 percent, or 41.2 million, of AT&T’s postpaid subscribers had smartphones, up from 46.2 percent and 31.5 million a year earlier. AT&T’s ARPU for smartphones is 90 percent higher than for non-smartphone subscribers. About 88 percent of smartphone subscribers are on FamilyTalk® or business plans. Churn levels for these subscribers are significantly lower than for other postpaid subscribers. About 30 percent of AT&T’s postpaid smartphone customers use a 4G-capable device.
Both Android and iPhone device sales remain strong. iPhone sales were helped by AT&T’s 4G network, which lets iPhone 4S download three-times faster than other U.S. carriers’ networks. In the quarter, the company activated 4.3 million iPhones, with 21 percent new to AT&T.
But these impressive numbers haven’t gone down to well with Wall Street as Apple, which will be announcing its quarterly financial results later today, is down $10 based on concerns that iPhone activations dropped 43% quarter on quarter. Apple stock has fallen by more than 10% after hitting a peak of $644, but up by more than 38.5% since the start of the year.