AT&T sees revenues rise, credits iPhone for part of success
Posted by Dennis Sellers 
Jul 23, 2008 at 11:33am
AT&T, the wireless carrier for the iPhone in the US, has reported solid second-quarter results highlighted by strong wireless growth, double-digit gains in revenues from IP-based data services and further expansion of consolidated margins.
“As we generate sound financial results, AT&T also has taken the lead to innovate and create great solutions for customers,” says Randall Stephenson, AT&T chairman and CEO. “Mobility, broadband connectivity and integrated services that encompass voice, data and video are driving a new world of communications. AT&T is all about deploying and enhancing premier networks and products to deliver this world to both business and consumers.
The Apple iPhone 3G is a dramatic example of this transformation, he added.
“In the days following our exclusive U.S. launch of this new device, powered by the nation’s fastest 3G wireless network, customer response has been everything we had anticipated and more,” Stephenson says. “This strengthens our wireless business, and it reinforces our positive view of the opportunities ahead for AT&T and the industry.”
For the quarter that ended June 30, AT&T’s consolidated revenues totaled US$30.9 billion, up 4.7 percent versus reported results in the year-earlier quarter and up 3.6 percent compared with second-quarter 2007 pro forma revenues, which exclude merger-related accounting impacts on directory revenues.
Compared with results for the year-earlier quarter, AT&T’s reported operating expenses for the second quarter of 2008 were $24.3 billion, down from $24.5 billion; reported operating income was $6.6 billion, up from $4.9 billion; and AT&T’s reported operating income margin was 21.3 percent, up from 16.8 percent.
AT&T’s reported second-quarter 2008 net income totaled $3.8 billion, up from $2.9 billion in the year-earlier quarter, and reported earnings per diluted share totaled $0.63, up from $0.47 in the second quarter of 2007.
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Contributor
Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
This is Me Says:
No, I would have to say this is the only reason for the revenue rise, at least in the mobile phone sector of their business. I never would have even considered jumping ship from my previous carrier had Apple not gone exclusive with AT&T;.
Posted on July 24, 2008