AT&T has just announced its earnings for Q3 2012, and they seem to be very impressive, which was expected considering that the iPhone 5 launched last quarter. It managed to ship around 6.1 million smartphones in all, with most of them — around 4.7 million — being iPhones. Smartphones acounted for around 81% of its total postpaid sales.
It reported consolidated revenues of $31.5 billion, which is almost the same year-over-year. Both wireless and wireline segments showed steady growth, with a net increase of 678,000 in wireless subscribers. Its total wireless subscriber base is now 105.9 million.
AT&T’s net income for Q3 2012 was around $3.7 billion, while its cash and cash equivalents declined to $2.2 billion.
Randall Stephenson, AT&T Chairman and CEO, said:
“We had another impressive quarter with strong earnings growth, record cash flows and solid returns to shareholders through dividends and share buybacks. In wireless, we had another excellent smartphone quarter, penetration of usage-based mobile data plans continues to climb, and our 4G LTE network build is ahead of schedule. And in wireline, our IP network continues to deliver strong gains in U-verse high speed Internet connections, which helped drive an almost 10 percent increase in broadband data ARPU.”
Here’s a snapshot of their performance over the last quarter:
- Reported consolidated revenues of $31.5 billion, flat versus the year-earlier period
- Strong 2.6 percent consolidated revenue growth when adjusted for Advertising Solutions
- AT&T’s growth engines — wireless, wireline data and managed IT services — continue to transform the company’s revenue mix; represented 81 percent of total revenues and grew 6.4 percent versus the same quarter a year ago, led by:
- 18.3 percent growth in wireless data revenues, up more than $1 billion versus the year-earlier quarter
- 38.3 percent growth in U-verse revenues
- 11.4 percent growth in strategic business services revenues
Check out the complete earnings release on AT&T – AT&T Q3 2012 Earnings