AT&T has announced their Q4 2012 financial results, and out of a record 10.2 million smartphones sold, a record 8.6 million were iPhones. AT&T chairman and CEO, Randall Stephenson said:
We had an excellent 2012. We grew revenues, increased adjusted earnings per share by 8.5 percent and generated cash from operations at record levels. We used this cash to invest aggressively in the future of our business and returned $23 billion to shareowners through dividends and share repurchases.
Looking ahead, our key growth platforms — mobile data, U-verse and strategic business services — all have good momentum with a lot of headroom. We’re off to a strong start executing Project VIP, our plan to expand our high-growth platforms to millions more customers, and our 4G LTE network deployment is ahead of schedule, delivering outstanding performance.
Wireless highlights include:
- Wireless revenues up 5.7 percent versus the year-ago quarter; wireless service revenues up 4.2 percent 780,000 wireless postpaid net adds, largest increase in three years; 1.1 million increase in total net wireless subscribers
- Record smartphone sales of 10.2 million, the most ever sold by any U.S. carrier; postpaid smartphone customer base now 47.1 million, up 2.5 million from third-quarter 2012
- Smartphones 89 percent of postpaid phone sales
- Postpaid wireless subscriber ARPU (average monthly revenues per subscriber) up 1.9 percent to $64.98