Feeds

Jesus phone raptures AT&T profit

Net income increases 41%, revenue nearly doubles

Internet Security Threat Report 2014

AT&T posted a 41 per cent profit increase in the third quarter, largely attributed to iPhone sales.

The $3.1bn net income compares with $2.2bn earned in the same period last year. Revenue nearly doubled to $30.1bn in Q3 from $15.6bn a year earlier.

AT&T CEO Randall Stephenson said the company activated 1.1 million iPhones since the product launched, with 40 per cent of those subscribers being new customers to AT&T. The iPhone followers were a hearty chunk of the 2 million customers that signed up in Q3 for wireless service, helping to boost mobile phone revenue 14 per cent from a year earlier to $10.9bn. AT&T says it has a total of 65.7m subscribers.

Apple said yesterday it has sold 1.4 million iPhones through the end of September, and estimated 250,000 customers purchased the device with the intention of unlocking it from AT&T's cellular network. More about that here.

AT&T's operating income for the quarter was $7.2bn, compared with $3.1bn year-over-year.

The company reports it saved $2.8bn so far this year from its acquisition of BellSouth, about 70 per cent from expense (that's firing workers, cutting marketing costs and reducing operational expenses) and 30 per cent capital. The company expects to grab an additional $3bn for the full year, $5bn in 2008 and more than $6bn in 2009. ®

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.