Android Rescues This Telecom Carrier
In Q3 2010, AT&T (NYSE:T) sold 4.8 million smartphones. 2.1 million of those sales were of Google (NASDAQ:GOOG) Android and other smartphones besides the Apple (NASDAQ:AAPL) iPhone. iPhone sales were actually down. Only 2.7 million were activated compared to 3.6 million in the previous quarter. This is most likely due to the anticipation of the newest iPhone, the 4S. AT&T will now have to compete with both Verizon (NYSE:VZ) and Sprint (NYSE:S) for iPhone customers.
AT&T (NYSE:T) has added 2.1 million in the quarter now totaling more than 100 million subscribers. Sales increased nearly 80% from last year in the computing device category, with wireless subscriptions on nearly 505,000 tablets, aircards, MiFi devices, tethering plans and other data-only devices.
AT&T’s (NYSE:T) third-quarter earnings was $3.6 billion, or 61 cents per share, on revenue of $31.5 billion. Earnings were down $103 million from last year.