AT&T Lands Triple Profits; iPhone Subscriptions Drop

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(Image courtesy of physorg.com)

Perhaps it’s a sign that AT&T’s hold on the iPhone is finally starting to ease. Despite AT&T posting large profits in the 3rd quarter, only 24 percent of their iPhone subscriptions were from new customers, an all time low.

AT&T’s Q3 profits had risen on a more than favorable tax settlement as well as their selling their Sterling Commerce business-software division to IBM.  Granted AT&T did activate 5.2 million iPhones, an all time high, but as mentioned above, only 24 percent of those were new customers. 

In an effort to potentially make up for the loss of customers of the iPhone to other carriers, AT&T has mainly been focusing on upgrades, as well as placing focus on other smartphones, like those with Google Android’s OS as well as the Windows Phone 7.

Other tidbits from AT&T’s quarter:

-Average revenue from users went up 2 percent.
-Wireless data revenues which spanned from messaging, Internet access, access to applications and related services – shot up .1 billion, or about 30.5 percent from the year ago quarter to .8 billion.
-AT&T U-verse TV subscription totals jumped up by 236,000 to 2.7 million.

via paidContent.org

Follow this article’s author, Matthew Tilmann on Twitter

 

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