Apple's iPhone accounted for 78% of AT&T smartphone activations in Q1 2012
Sales of Apple's iPhone accounted for more than 78 percent of smartphones sold at AT&T. The carrier said iPhone sales were "helped by AT&T's 4G network, which lets iPhone 4S download three-times faster than other U.S. carriers' networks."
Among the 4.3 million iPhones that AT&T sold in the first quarter of calendar 2012, 21 percent of those were new to AT&T. The total 5.5 million smartphones AT&T sold in the three-month period was a new record for the company.
AT&T's results compare to 3.2 million iPhones activated at rival carrier Verizon. The iPhone did not carry as large of a share at Verizon, though it still represented more than half of the 6.3 million smartphones sold during the quarter.
AT&T said on Tuesday that about 30 percent of its existing postpaid smartphone subscribers are on 4G-capable devices. Starting with the release of iOS 5.1, the iPhone 4S began advertising to users that they are on a "4G" network when utilizing AT&T's high-speed HSDPA network.
The change allowed AT&T to further differentiate itself from competitors Verizon and Sprint, which offer slower CDMA networks that cannot reach HSDPA speeds. However, "true" 4G remains exclusive to long-term evolution devices, such as Apple's third-generation iPad, which is the company's first LTE-capable product. AT&T made no mention of iPad sales in Tuesday's press release.
The new iPad comes in two different models that allow connectivity with Verizon and AT&T's respective LTE networks. The third-generation tablet also differentiates between AT&T's "4G" HSDPA and true LTE connectivity by displaying "LTE" on the device when connected to a high-speed 4G LTE network.
For the first quarter of calendar 2012, AT&T earned consolidated revenues of $31.8 billion, up $575 million, or 1.8 percent, compared to the same period a year ago. The carrier earned 60 cents diluted earnings per share, compared to 57 cents diluted EPS in the first quarter of 2011.
22 Comments
So it seems like in the US iOS is has flipped the tables on Android for the last two quarters.... >50% on Verizon, 78% on ATT, I wouldn't imagine Sprint is anywhere but somewhere in between those numbers...... Thats a huge flip is it not? The verizon number is particularly impressive given their awful 3G network speeds and the plethoral of LTE Android devices they not only offer but push hard in ads and in store, because they pay less subsidies.
So, both AT&T and Verizon sold more iPhones in 1Q2012 than 1Q2011. Apple's earnings announcement (later today) should be interesting.
Looks like Apple is set to open $8-9 lower probably because of AT&T activation figures being lower than last quarter. But last quarter was a holiday quarter with an extra week and the 4S was new. As much as analysts want to talk down these numbers or stir the pot with rumors of carriers reducing iPhone subsidies I think the real story is how iPhone still outsells Android/Windows smartphones combined and it's not even LTE yet. That is quite amazing.
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So, both AT&T and Verizon sold more iPhones in 1Q2012 than 1Q2011. Apple's earnings announcement (later today) should be interesting.
[/quote] Stock is down 1.6% pre-market. I wouldn't be surprised to see a sell off today. I just hope Apple blows everyone away with their results this afternoon.
Stock is down 1.6% pre-market. I wouldn't be surprised to see a sell off today. I just hope Apple blows everyone away with their results this afternoon.
If Apple doesn't get over $40 billion revenue, we'll see the stock go back to $500.