iPhone pushes AT&T

24 Oct 2007

AT&T has seen a 41% jump in third-quarter net income on the back of strong sales of the Apple iPhone. Net income rose from USD2.17 billion in 3Q2006 to USD3.06 billion in the most recent period, while revenues almost doubled, from USD15.6 billion to USD30.13 billion. AT&T’s exclusive deal to distribute the hybrid cellphone/media player across the US also boosted subscriber take-up, with two million net new users added in three months to take its total customer base to 65.7 million. iPhone sales accounted for 1.1 million new activations, with 40% of these coming from users new to AT&T. The strong performance at the wireless unit masked a continuing decline at the wireline business, however, with the number of fixed access line users down 4.7%.

United States, AT&T, AT&T Communications