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AT&T (T): More Than 10M Smartphones Sold In Q4

 January 08, 2013 09:35 AM
 


(By Balachander) AT&T Inc. (NYSE: T) reported record sales of smartphones in the fourth quarter, including best-ever sales of Android and Apple devices for the three-month period.

The second largest wireless carrier in the U.S said it sold more than 10 million smartphones in the final three months of 2012, topping its previous record quarter of 9.4 million set in the comparable period of 2011.

During the quarter, the company said it averaged more than 110,000 smartphone sales a day as customers flocked to its portfolio of the latest Android, Apple and Windows devices.

"We had another incredible quarter of smartphone sales as the mobile Internet continues to drive strong growth in wireless," commented AT&T Mobility CEO Ralph de la Vega. "These are the industry's most valuable postpaid subscribers with average revenues twice that of non-smartphone subscribers."

[Related -AT&T Inc. (T) Q4 Earnings Preview: Direction of Surprise Dictates January EPS Price Response]

The Dallas, Texas-based telecommunications company is scheduled to release its fourth-quarter financial results after market close on Thursday, January 24.

For the third quarter, the company posted better-than-expected earnings driven by growth in smartphone sales that were 6.1 million, 1.3 million higher than the year-ago period.

T shares, which have been trading in the 52-week range of $29.02 to $38.58, traded 0.03 percent higher at $34.94 on Tuesday.

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