AT&T on iPhone 3G: Increased Earnings and Record Activations

Looks like Apple wasn't the only one to release record-breaking iPhone revenue numbers this week!

Now I have a theory with this one... the iPhone is still doing big business for AT&T, who do you think has helped Apple's cause? RIM! The BlackBerry Bold is finally about to be released on November 4th, should Apple be worried? Not at all. As far as I'm concerned the Bold is old news already and not a threat what so ever. Think the BlackBerry Storm will take customers away from AT&T like the iPhone did from all of the other carriers? No chance... [end rant]

So with that all out of the way, AT&T released it's 3Q earnings today. Since July 11, there have been 2.4 million iPhone activations. And a astonishing 40% of those activations were new AT&T customers. (Let's see the Storm do those numbers with Verizon!.)

AT&T chief executive Randall Stephenson said:

"I am particularly pleased with the customer response to the iPhone 3G, the new customers we're winning are high-value, with attractive revenue and churn profiles."

iPhone 3G sales are currently flowing at a higher-than-expected rate, showing zero signs of slowdown. AT&T is now expecting the iPhone 3G will run higher than its previous estimates. Apple and AT&T are laughing all the way to the bank and will continue to do so.

Love it or hate it - there is no way to dispute which device is king of the cellular hill.

[Via macrumors]

Jeremy

Community editor. Tech enthusiast. All-around geek.

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There are 6 comments. Add yours.

ilanasense says:

“Nearly half (47 percent) of new AT

ethan says:

I work at Best Buy, and I've sold at least one iPhone everyday since launch. (Sept 7th.)
One day, I did 8 iPhones. I can only imagine keeping this record up until feb or march.

Martin says:

OK, seriously... How can customers that switch to AT&T just because they offer the best phone have "an attractive churn profile"? Won't these customers all switch back to, say, Verizon just as fast should they offer the iPhone 4G next year?

joe says:

I unfortantly bought a iPhone 3g and regret it everyday. It's a shame that it doesn't do what it advertises. Otherwise it might be a decent phone.

Kyle says:

Good point Martin and could happen but Verizon will likely no offer the iPhone. They passed on the opportunity to offer it before ATT and they declined.

patrick says:

If any one knows blogs that refer AT&T, and these questions; the type of “best practices” or productivity improvement projects that are actually being installed, the estimated cost of such projects, and their completion times. Please respond.
(patsanders55@yahoo.com)