AT&T has announced Q2 revenue of $31.6 billion dollars with a ten percent increase in earnings year-over-year, "best-ever" (in other words, lowest) postpaid, prepaid and total wireless churn, and highest-ever wireless margins of 30.3 percent. The company sold 5.1 million smartphones, a drop from the 5.5 million it managed last quarter, but showed a 1.7 percent increase in consumer revenues compared to the same period last year.
What does it all mean? Lowest churn means that a smaller percentage of clients switched to other carriers than ever before, which the company says reflects the "premier experience" customers receive on its network. It's also increasing the total number of wireless subscribers, up 1.3 million for the quarter to a total of 105.2 million, including better margins from its 43 million smartphone users.
Continue reading AT&T reports Q2 results: revenue of $31.6 billion and 'best-ever' profit margins
AT&T reports Q2 results: revenue of $31.6 billion and 'best-ever' profit margins originally appeared on Engadget on Tue, 24 Jul 2012 07:39:00 EDT. Please see our terms for use of feeds.
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