AT&T Reports 2008 Q4 Results

Category: Mobile
Posted: January 28, 2009 04:09PM
Author: d3bruts1d

AT&T has reported on their Q4 and full year results from 2008, and it looks like the company has fallen back in love with the Apple iPhone. AT&T is the exclusive carrier for the iPhone in the US, but you wouldn't have known it by looking at their website over the last several months. Things have changed now, and a banner for the iPhone is the first thing you see when you visit the AT&T Mobile website. Why? Take a look at these stats, and you'll quickly understand.

2.1 million Net Gain in Wireless Subscribers
4.3 million iPhone 3G devices activated in the second half of 2008, 1.9 million Apple iPhone 3G Activations
~40% percent of iPhone activations were new AT&T subscribers
iPhone 3G continues to deliver high-value subscribers with significantly higher average monthly revenues per subscriber
The churn rate - the percentage of customers who drop AT&T - among iPhone owners is significantly lower than the rest of the network, sharply reducing marketing costs

For the fourth quarter, AT&T's revenues totaled $31.1 billion, net income was $2.4 billion and cash from operating activities totaled $10.9 billion. Full-year revenues totaled $124.0 billion, net income was $12.9 billion and cash from operating activities totaled $33.7 billion. This of course is great news for Apple, AT&T, and their stock holders during the tough economic times.

[Source: CNN Money via Mac Rumors]