iPhone and AT&T: Apple iPhone Accounting for Most of AT&T’s Smartphone Business

“The announcement was made as part of the company’s fourth quarter earnings, which saw a record 10.2 million smartphone sales, the most ever by any domestic carrier, and an addition of over 780,000 new subscribers. Overall, smartphones now make up 89 percent of AT&T’s postpaid sales.”

As you can see, the company has made major strides over the past few months. Not only did AT&T set a record number in terms of smartphone sales, many of which were the iPhone, they also brought on a lot of new business, which is crucial to future growth.

On the financial side of things, AT&T did not perform as well:

“AT&T posted a loss for the quarter ending in December with net losses at $3.9 billion or 68 cents per share, down from a loss of $6.7 billion or $1.12 per share from the year ago period. Revenues were up at $32.6 billion, up 0.2 percent year-over-year and up 2.8 percent excluding Advertising Solutions and adverse impacts from Superstorm Sandy.”

What are your thoughts on the relationship between Apple Inc. (NASDAQ:AAPL) and AT&T?

Check back here for more updates on iPhone and AT&T.

DISCLOSURE: I have no positions in any stock mentioned.

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