Disqus
AT&T has announced their Q2 financial results, and though they beat market expectations, they’re still fairly lukewarm. $3.2 billion in net income is down from $3.7 at the same time last year, but up marginally from $3.1 billion last quarter. Total revenue was around $30.7 billion and net additional subscribers number 1.2 million.
My big question is how iPhone sales in particular factor into the results; did the 3GS save AT&T from losing more money, or are the subsidies taking a significant bite out of earnings? Well, both, apparently. The release states that “increased operating expenses in the second quarter of 2009, in part, reflect volume-based acquisition costs associated with the success of the iPhone 3GS launch.” It’s safe to presume that the investment will pay off in future quarters as iPhone users rack up their higher-than average data bills.
[via AT&T]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
