Disqus
Wait, aren’t we supposed to be in a recession? In what could be seen as proof that wireless service and mobile phones are now considered an essential part of daily life, AT&T, the largest telecom in the US, has posted impressive gains in its 1Q 2008 financial statement.
Coming off a fresh wireless subscriber infusion of 1.3 million customers, AT&T has posted a 22% increase in profits from the previous year’s quarter. Net income hit $3.46 billion, an increase from $2.85 billion, and revenue saw a 6% increase from $28.97 billion to $30.74 billion.
AT&T saw wireless sales increase 18% to $11.8 billion. As the leading wireless provider in the US, AT&T has cemented their lead by ending the quarter with 71.4 million mobile customers.
If there’s a recession going on, it definitely hasn’t hit vital wireless service or mobile phone sales.
[Via: MarketWatch]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
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