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Wed, Jan 07, 2009 - 01:03 PM EST  —  AAPL: 92.15 (-0.87, -0.94%)  |  NASDAQ: 1613.83 (-38.55, -2.33%)

AT&T profit expands more than 20%; Gains net 1.3 million wireless customers
Tuesday, April 22, 2008 - 09:08 AM EST

"AT&T Inc. on Tuesday reported first-quarter earnings jumped 22%, as the giant phone company added 1.3 million net wireless customers and was largely unaffected by a slowing U.S. economy," Jeffry Bartash reports for MarketWatch.

"Net income rose to $3.46 billion, or 57 cents a share, from $2.85 billion, or 45 cents a share, in the 2006 first quarter," Bartash reports. "Revenue increased 6.1% to $30.74 billion from $28.97 billion."

Bartash reports, "Wireless sales were up 18% to $11.8 billion. AT&T, the exclusive provider of the Apple iPhone, ended the first quarter with a nation-leading 71.4 million mobile customers."

"Some Wall Street analysts, however, were expecting the company to add as many as 1.5 million subscribers," Bartash reports. "AT&T said net additions were reduced by 330,000 customers related to the shutdown of the company's older TDMA wireless network."

Full article here.

Crayton Harrison reports for Bloomberg, "'The iPhone continues to do fairly well,' said Christopher King, an analyst at Stifel Nicolaus & Co. in Baltimore. 'What we're hearing is that ever since AT&T and Apple cut the price, every single week they've been taking market share from Verizon.' King advises holding on to the shares."

"Apple, based in Cupertino, California, introduced an iPhone model in February with additional storage capacity for music and movies. Analysts at Sanford C. Bernstein & Co. and Piper Jaffray & Co. have said they expect a new version in June that can browse the Web at faster rates. Apple said in February that it plans to sell 10 million iPhones this year," Harrison reports.

Full article here.

[Thanks to MacDailyNews Reader "Joe" for the heads up.]

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Apr 22, 08 - 08:18 am Comment from: Zune Tang®

Chalk it all up to AT&T;'s wide variety of Microsoft Windows Mobile based smartphones:

• BlackJack II by Samsung
• Motorola Q
• Pantech Duo
• Palm Treo 750

I would say a sizable portion or the 1.3 new subscribers are enjoying revolutionary new phones with Internet Explorer Mobile + Microsoft's mobile office apps to stay productive and in touch with their colleagues in the workplace (a.k.a. 'the real world'). On weekends they're letting their hair down and rocking some WMA format music files. You get the best of both worlds.

Your potential. Our passion.™

Apr 22, 08 - 08:22 am Comment from: hey tang

get zuned

Apr 22, 08 - 08:29 am Comment from: Whoosh!

Love ya, ZT

Apr 22, 08 - 08:45 am Comment from: Jim

Zune Tang, you are a......


......ah forget it. I love ya Zune, I know of no one else with spectacles as rose tinted as you.

And keep supporting Micro$oft, the two of you deserve each other.

MW: movement. Also known as a Zune.

Apr 22, 08 - 08:50 am Comment from: Macaday

Bloody hell people are sloppy, both MarketWatch and MDN report:

"in the 2006 first quarter"

We all know, but still, someone should do a bit of proof reading...

Apr 22, 08 - 09:02 am Comment from: Story Time

Ok PC dweeb, let me tell you a story.

When we were discussing computers for our startup company I suggested Macs.
To my surprise, the investor told me that he liked the idea. His last startup had used all Dull PCs. They were such rancid pieces of CRAP that he said he was glad Dull HQ is not in this area, because he'd go over there and tell them personally what he thought of their POS computers. I was amazed. He had nothing but contempt for PCs, used language I can't repeat here, and was glad to be in a startup that ditched them for something better.

How many others have exactly the same experience, but there is nobody in the room that knows of any alternative to the crapola Micros**t riddled nightmare.

So you know what? You can post your idiotic blather, but you are the one stuck using third rate junk, I for one would rather use a pencil than touch another worthless PC. The pencil is more reliable.

Apr 22, 08 - 09:05 am Comment from: jg2000

Just imagine what those number would be without all those whiners saying...I'm not switching to AT&T;, wah wah wah, AT&T;sucks, wah wah wah, the iPhone will never catch on.' well GUESS WHAT?!

Apr 22, 08 - 09:06 am Comment from: jg2000

oh yeah, and Tang, what did we say......we get it. now scoot on home.

Apr 22, 08 - 09:30 am Comment from: Macintosh

@ macaday:

True dat.

Apr 22, 08 - 09:56 am Comment from: Your Mom BluRay

Go Go Tang!!!! My favorite Moon-race drink!!!! And Astronauts love it too!!!!!!!

Apr 22, 08 - 10:15 am Comment from: William

Either it's less iPhones sold then expected, or ATT had a net loss of customers without the iPhone to offset things.

Apr 22, 08 - 11:34 am Comment from: alansky

Now if the quality of AT&T;'s service would expand to match their profits, we'd really have something. I love my iPhone, but AT&T;mobile service really bites the big one. I thought Verizon was bad... until I switched to AT&T;!

Apr 22, 08 - 12:43 pm Comment from: Brau

When I think about it, "Tang" is a really good metaphor for MicroSoft: It does have flavour but it's not anything like the real deal. It's a bad copy. It tastes sweet at first but soon the flavour loses its attraction and becomes dull. It tries to dress itself up on the outside package to appear enticing but on the inside it's only another mundane powder; sugar water. Both monkeys (Ballmer) and Tang have been shot to the moon because they didn't want to risk sending anything truly valuable.

Apr 22, 08 - 10:09 pm Comment from: ken1w

It's so good to be Apple's partner these days...

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