Join        Login             Stock Quote

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.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.