NEW YORK — AT&T subscribers are still buying iPhones, but with Verizon now selling the phone too, it seems to have lost its power to draw new subscribers to AT&T. AT&T, the country’s largest telecommunications company, reported Wednesday the addition of 62,000 net new subscribers on contract-based plans in the first quarter, a record low. A year ago, the figure was 512,000. Net income rose 39 percent to $3.41 billion, or 57 cents per share, for the January-March period. That’s up from $2.45 billion, or 42 cents per share, a year ago. The earnings matched the average estimate of analysts polled by FactSet. Revenue was $31.2 billion, up 2.3 percent from a year ago. That also matched analysts’ expectations.
Posted by
on April 22, 2011. Filed under News.
You can follow any responses to this entry through the RSS 2.0.
You can skip to the end and leave a response. Pinging is currently not allowed.
Posted by
on April 22, 2011. Filed under