iPhone gives AT&T huge subscriber boost, Q4 earnings increase 61%
By Will Park on Thursday, January 24th, 2008 at 3:02 PM PST In AT&T, Announcements, Financial/Corporate News, iPhone
With the end of the fiscal year, companies are making public just how much they made or lost over the past year. One of the year’s clear winners is AT&T (NYSE: T). They just released their yearly statements, outlining a 61.8% increase in Q4 2007 earnings to $3.14 billion, compared to Q4 2006. Sales were up 91% to $30.35 billion from $15.9 billion a year ago.
AT&T also increased their subscriber-base by 2.7 million customers (to a nation-leading 70.1 million total subscribers) – fueled by the influx of new AT&T customers signing-on to get their hands on an iPhone. Wireless revenues were up 16.3% to $11.4 billion.
It looks like AT&T’s 2.3 million iPhone users played a large part in making 2007 a great year for AT&T. We wonder just how many of those users defected from Sprint.
Poor Sprint (NYSE: S), rich AT&T!
[Via: AppleInsider and Yahoo]
