AT&T sales beat analysts’ estimates on strong iPhone demand

Apple Online Store“AT&T Inc., the second-largest U.S. mobile-phone carrier, posted third-quarter sales that beat analysts’ estimates on rising demand for Apple Inc.’s iPhone,” Greg Bensinger reports for Bloomberg.

“Sales rose 2.8 percent to $31.6 billion from $30.7 billion a year earlier, Dallas-based AT&T said in a statement today. Analysts projected $31.2 billion on average. Earnings, excluding one-time items, were 55 cents a share, matching the average of estimates compiled by Bloomberg,” Bensinger reports. “AT&T’s exclusive U.S. hold on the iPhone helped it win 2.6 million new wireless customers and lock some of them in to two- year contracts.”

“‘This will be the peak quarter of iPhone activations for a while as exclusivity of the device is expected to go away in early 2011,’ said Jennifer Fritzsche, a Wells Fargo & Co. analyst in Chicago,” Bensinger reports. “She has an ‘outperform’ rating on AT&T shares.”

Bensinger reports, “Larger rival Verizon Wireless may begin selling the iPhone on its network as soon as January, two people familiar with the plan said in June. The Basking Ridge, New Jersey-based carrier has said it will start selling the iPad this month, gaining access to a device that AT&T started providing wireless service for earlier this year.”

Full article here.

16 Comments

  1. MDN are you a masochist or a blue blooded VZ shill?

    It is amazing that you highlight an anal who bashes T (apple indirectly) by claiming this the peak of activations. VZ will screw apple with the iPad. They will claim that Jobs is wrong and that the samsung too small to be of use, is given the iPad a run for it’s money.

  2. MDN are you a masochist or a blue blooded VZ shill?

    It is amazing that you highlight an anal who bashes T (apple indirectly) by claiming this the peak of activations. VZ will screw apple with the iPad. They will claim that Jobs is wrong and that the samsung too small to be of use, is given the iPad a run for it’s money.

  3. Federico, maybe both … what’s your point?

    There’s lots of reason to bash T … mostly deserved. But, you don’t think T will start to lose activations once another company gains iPhone distribution rights? He didn’t say activations would be down, just activations via T. And, how will VZ screw Apple with the iPad? You think maybe Apple won’t be counting the numbers shipped, and where? And, you think the Samsung will not, initially, give the iPad some competition? There are a lot of people rooting for the Samsung, people who will support it with purchases even if they see some weakness in it. Like … ‘Doze geeks? Let the salesmen suffer a bit with the size … they get it “for free”.

  4. Federico, maybe both … what’s your point?

    There’s lots of reason to bash T … mostly deserved. But, you don’t think T will start to lose activations once another company gains iPhone distribution rights? He didn’t say activations would be down, just activations via T. And, how will VZ screw Apple with the iPad? You think maybe Apple won’t be counting the numbers shipped, and where? And, you think the Samsung will not, initially, give the iPad some competition? There are a lot of people rooting for the Samsung, people who will support it with purchases even if they see some weakness in it. Like … ‘Doze geeks? Let the salesmen suffer a bit with the size … they get it “for free”.

  5. has anyone noticed few or none of the dozens (hundreds?) of tech writers and bloggers who piled on antennagate, many of whom said it would adversely affect iP4 sales have manned up and said “i was wrong”?

  6. has anyone noticed few or none of the dozens (hundreds?) of tech writers and bloggers who piled on antennagate, many of whom said it would adversely affect iP4 sales have manned up and said “i was wrong”?

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