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. 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, rich AT&T!
[Via: AppleInsider and Yahoo]